Cemex to Buy Indian Company for $550 Million

< P > < FONT face = Verdana > Cemex, the world's third largest cement producer, will buy the cement business of India's Murli Industries at a cost of 550 million US < FONT face = Verdana > yuan, the Economic Times reported.

< P > < FONT face = Verdana > Cemex finally made the offer after months of negotiations, the report said, citing a person familiar with the matter.

< P > < FONT face = Verdana > According to the above understanding, the purchase price has not yet been finalized, and the final price depends on the trend of cement prices in the market.

< P > < FONT face = Verdana > Murli Industries has a 3 million tonne per year cement plant in Maharashtra state in western India, the Economic < FONT face = Verdana > Times said. The company is planning to build two cement plants with an annual capacity of 3 million tons.

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