CEMEX Selects Global Coordinators to Refinance Upcoming Maturities

CEMEX, S.A.B. de C.V. announces that it has selected BBVA, Citi, HSBC, RBS and Banco Santander, S.A. to lead a global effort to i) negotiate joint bilateral facilities for CEMEX, S.A.B. de C.V. and CEMEX Espa?a S.A. that will replace existing bilateral facilities with a group of banks, and ii) amend certain existing syndicated loan facilities. Completion of these transactions, including the amendments, may, depending on the facility, require majority... 

CEMEX Statement in Light of Current Market Conditions

In light of the current extraordinary market conditions, CEMEX S.A.B. de C.V. would like to take this opportunity to assure the market that our business model continues to be intact and the capital structure of the company remains unchanged. We wish to reaffirm to the market that we have slightly exceeded our guidance for third quarter and that we remain in compliance at the end of the third quarter with our financial covenant test. As of September... 

CEMEX USA Announces Nationwide Ready-Mix Concrete Price Increase

CEMEX Inc., the nation’s largest cement and ready-mix company, announced today that due to escalating fuel prices the company will raise concrete prices $25 per cubic yard nationwide effective October 1, 2008. “Mounting fuel prices have created the need for a ready-mix price increase,” said Gilberto Perez, President of CEMEX USA. “We have put forth this new, transparent pricing structure that will allow our customers to count on a firm price...