Seeking Alpha

Cemex CEO passes away

  • Cemex (CX) CEO Lorenzo Zambrano has unexpectedly died whilst on a business trip to Spain.
  • After becoming CEO in 1985, Zambrano set about turning Cemex into Mexico's first multinational company with a series of multi-billion dollar acquisitions.
  • However, Cemex's $16B purchase of building-materials company Rinker in 2007 saddled the Mexican firm with huge debts just as the U.S. housing market was starting to slump. Cemex is still paying off those loans.
Comments (1)
  • st.andrew
    , contributor
    Comments (19) | Send Message
     
    With the Mexican Oil industry expanding I believe there is a construction sector on the move up too,which imo brings about a demand for construction materials eg. cement...in Mexico as well as in the U.S.A.
    15 May 2014, 12:56 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs