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CEMEX divests assets in Philippines

CEMEX divests assets in Philippines
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Consunji Group adds cement manufacturing to biz portfolio

THE Consunji Group has signed a purchase agreement with Cemex Asia B.V. to acquire its entire stake of 42.14 million common shares in Cemex Asian South East Corp. (CASEC) for $305.6 million. CASEC is the majority shareholder of Cemex Holdings Philippines Inc. (CHP), which owns 89.86 percent of its outstanding… ....

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Cemex Philippines hits milestone in CO2 reduction efforts

Cemex Philippines has achieved a 50 percent reduction in carbon dioxide (CO2) emissions generated by its two cement subsidiaries, Solid Cement Corp. and APO Cement Corp., from 1990 to 2022, the highest CO2 emissions reduction in the industry ....

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