US$558M Lawsuit Against Mexico's Cemex Dismissed by U.S. Court

According to local press sources, a lawsuit seeking US$558 million in damages from Cemex S.A.B. de C.V. (NYSE:CX), Mexico's largets cement company, was dismissed by a U.S. judge, giving the company the right to produce and sell cement at its El Paso, Texas location.

Mexico's Cemex S.A.B. Sells US$1.6B in Bonds

Mexico's Cemex S.A.B. de C.V. (NYSE:CVX), the largest cement company in Latin America, sold US$1.6 billion in bonds, as part of its US$15 billion debt restructuring process.

Rebounding Remittances in 2010 Could Help Cemex, America Movil

In 2010 an uptick in remittances, money sent by foreign born residents to family members abroad, could help some of Mexico's major companies like Cemex, the cement company, and America Movil, the cell-phone company, that have developed platforms to take advantage of these money flows.

Mexico's Cemex Announces 3B Peso Bond Offering

Cemex S.A.B. de C.V. (BMV:CEMEXCPO), Mexico's largest cement company, announced it is preparing a 3 billion peso (US$226 million) bond offering.

Mexico's Cemex Announces Willingness to Reach Informal Agreement with Chavez over Cement Company Nationalization

At a press conference held for reporters in Mexico City, a representative from Mexico's Cemex S.A.B. de C.V. (NYSE:CX), Latin America's largest cement producer, announced that the company was willing to negotiate to reach an out-of-court settlement with Hugo Chavez's Venezuelan government over the nationalization of assets worth an estimated US$1.2 billion.

Mexico's CEMEX Takes Action Against Peru's Anti-Dumping Charges

Peruvian press sources today reported that Mexican cement producer Cemex, SA.B. de C.V. (NYSE:CX), the world's third largest cement producer with 2008 revenues worth US$22 billion, announced plans to take legal action after Peru's competition regulator, Indecopi, disclosed its decision to place anti-dumping charges worth US$62 per ton of cement on Cemex's exports to Peru.