Mexico's Cemex ponders sale of Australian assets

Wed Aug 6, 2008 10:34 PM EDT
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Mexican cement maker Cemex SAB de CV says it may sell 16 concrete-pipe manufacturing facilities in Australia to reduce its debt.

Cemex said in a statement Wednesday that the assets in question operate under the Humes brand name. It said Humes generated revenues of about US$243 million in 2007.

Cemex, based in Monterrey, Mexico, is one of the largest building materials companies in the world.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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