As part of these transactions, CEMEX paid €45 million in cash to Holcim. CEMEX expects a recurring improvement in its EBITDA, including synergies, of about US$20 to US$30 million.
CEMEX will sign an agreement with the United Nations Foundation to join its Global Alliance for Clean Cookstoves, a public-private partnership that seeks to save lives, protect the environment, and improve the quality of life of local communities.
Cemex's expansion of its Odessa, Texas, cement plant will help the producer meet the growing demand for construction and specialty well cements for the oil and gas industry.
