Cemex Throws a Brick
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The Mexican cement tycoon overpays in a quest for growth.
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Mexican state oil monopoly Petroleos Mexicanos has chosen potential private partners for a US$2.7 billion (euro2.15 billion) project to boost its faltering petrochemicals business.
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Mexican cement company Cemex SA said Monday it has signed a letter of intent to sell two cement plants in the US to Brazil&#39;s Grupo Votorantim for US$400 million (euro308 million.
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VERACRUZ, Mexico - A shadowy leftist guerrilla group claimed responsibility for a string of explosions that ripped apart at least six Mexican oil and gas pipelines yesterday, rattling financial markets and causing hundreds of millions of dollars in lost production.
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Mexican state-owned energy company  Pemex said on Monday explosions caused by sabotage hit several  of its natural gas pipelines on the Gulf of Mexico.
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Mexico's parliament condemns an alleged border violation by US workers building a controversial border barrier.
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The 1.5-mile barrier along the U.S.-Mexico border was designed to keep cars from illegally crossing into the United States. There's just one problem: It was accidentally built on Mexican soil. Now embarrassed border officials say the mistake could cost the federal government more than $3 million to fix.
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When Mexican cement maker Cemex (CX.N: Quote, Profile, Research) (CEMEXCPO.MX: Quote, Profile, Research) agreed this week to pay $4.
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Mexico's state-owned oil company  Pemex was shutting down about one-fifth of its daily output on  Sunday due to bad weather, but said it expects to quickly  resume output within days.
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ONE of the UK&#39;s biggest industrial companies is set for Mexican ownership after agreeing to a Â£2.3bn takeover offer. Directors of Egham-based RMC - the world&#39;s largest ready-mixed concrete producer - have
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LONDON: Mexico&#39;s Cemex, the world&#39;s third-largest cement maker, has agreed to buy Britain&#39;s RMC Group for around Â£2.3bil (US$4.
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RMC Group, the world&#39;s largest maker of ready-mixed concrete, today accepted a Â£2.3bn takeover bid from Mexico&#39;s Cemex, the world&#39;s third-largest cement maker.
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One new stock has left quite a footprint.
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The 1.5-mile barrier along the U.S.-Mexico border was designed to keep cars from illegally crossing into the United States. There's just one problem: It was accidentally built on Mexican soil.
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The Mexican cement maker looks to be an attractively priced opportunity, despite housing market concerns.
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Surging oil pressures Bourses, but building materials sector remains a bright spot after Cemex buy. LONDON  - European stock indexes hit a two-week low Monday as record high oil prices heightened
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Mexico's cement giant Cemex is purchasing Britain's RMC Group in a $5 billion deal due to be announced on Monday.