Cemex Mexico develops US and Thailand markets

Cemex Mexico, the world's third largest cement manufacturer, is looking to the US and Thailand for expansion. The company plans to increase its presence in the American market and open a sales office in Thailand, where it already has a branch. A spokesman for the company did not specify its development plans in the two countries, but said the company would pursue systematic development and long-term interests.

     Cemex  Cement companies are forecasting an 11% rise in earnings (cash flow) in the second half of the year, excluding taxes, depreciation and other factors, to $610000000. A spokesman for the company also said that they would expand their market in Thailand, but things did not go as smoothly as expected.

& nbsp; According to China Cement Network, Cemex's sales in Asia account for 3% of the company's revenue.

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& nbsp; Cemex & nbsp; SA, the & nbsp; world's & nbsp; third-largest & nbsp; cement & nbsp; maker, & nbsp; will & nbsp; look to the U.S. and Thailand for growth as the company  resumes a global expansion it put on hold for three years  to pay down debt. 

The company would like to increase  its share of the U.S. market from 15 percent and build a  business in Thailand, where Cemex already has a cement  unit.

Zambrano didn't specify how the company planned to expand  in the two markets, though he said that the company will  both pursue organic growth and look for future acquisitions. 

The company forecasts its earnings before interest, taxes,  depreciation and amortization -- a measure of cash flow -- will  rise 11 percent in the second half of 2004 to about $610  million. 

We would like to have a larger presence in  Thailand, and we will have it, but not in the time frame  we wanted,'' he said later in the speech.