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                    [ArticleID] => 238432
                    [Title] => Cemex to close batching plant
                    [Summary] => Cemex Philippines will close its concrete batching plant in Muntinlupa and cease its operations effective end-February.


The closure is due to the continued losses of this operation resulting from lack of demand for ready-mix products and falling prices.


With a depreciated ready-mix market, concrete volumes dropped significantly from 51,000 cubic meters in 2001 to 30,000 cubic meters in 2003. Combined with a 30 percent decline in product prices during the same period, the company was forced to consider and implement the closure.


                    [DatePublished] => 2004-02-11 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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CEMEX CONCRETE

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                    [ArticleID] => 238432
                    [Title] => Cemex to close batching plant
                    [Summary] => Cemex Philippines will close its concrete batching plant in Muntinlupa and cease its operations effective end-February.


The closure is due to the continued losses of this operation resulting from lack of demand for ready-mix products and falling prices.


With a depreciated ready-mix market, concrete volumes dropped significantly from 51,000 cubic meters in 2001 to 30,000 cubic meters in 2003. Combined with a 30 percent decline in product prices during the same period, the company was forced to consider and implement the closure.


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Cemex to close batching plant

February 11, 2004 - 12:00am

Cemex Philippines will close its concrete batching plant in Muntinlupa and cease its operations effective end-February. The closure is due to the continued losses of this operation resulting from lack of demand...

Business