Cemex Latam Denies Corruption Accusation

Cemex Latam Holdings (CLH), a subsidiary of Cemex, denies corruption allegations, after Colombian news magazine Semana alleged documents show the company sought to expand its business by financing political campaigns and paying bribes, reported Reuters.

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CCJ Ruling Cements Rock Hard’s Classification

Last month, the Caribbean Court of Justice (CCJ) ruled in favor of Barbados-based Rock Hard Cement Ltd. in a longstanding tariff war with Trinidad Cement Ltd. (TCL) and its Barbados subsidiary Arawak Cement Co. Ltd.

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Cemex Net Sales Drop Amid Challenging Global Economy

Cemex announced that, on a like-to-like basis for the ongoing operations and adjusting for foreign exchange fluctuations, consolidated net sales decreased by 3% to $3.5 billion during the second quarter of 2019. The company stated that the decrease was due to lower volumes in all of its regions except for the U.S., partially offset by higher prices for its products.

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