Cemex reduces costs
Published: 15 May, 2009
MEXICO: Cemex has announced recently that it expects to realise an additional US$200m in cost savings from the company's ongoing effort to reduce costs and optimise its business, bringing the total expected savings from the company's cost-cutting initiatives to US$900m, which includes US$700m previously identified.
The additional cost-savings identified represent an extension of earlier cost saving measures originally initiated in 2008. These measures will be fully implemented before the end of the year. Cemex will use the additional savings in order to more quickly achieve financial flexibility.