Cemex to invest further billions

Pharma

Mexican cement manufacturer Cemex is doubling its Budapest unit presently employing 300 office workers, and managing most of the company's European activity.

Cemex has started a consolidation of the Hungarian market 2 years before, by buying RMC group, owner of concrete factory Danubiusbeton Kft. The company listed on Dow Jones owns 38 concrete production sites, 8 stone mines, and 5 pavement factories with a total staff of 800 and Ft 19 billion ($102.4 million)turnover. Cemex Shared Service Center created 2 years ago is currently undergoing a progressive extension, and manages IT and accounting services for Cemex globally. The company invested over Ft 1 billion ($54 million) in 2006, opening a concrete production site and a pavement factory. Cemex is in the process of centering activities in particular countries. R&D projects, for instance, are managed by the Swiss office. (Napi Gazdaság)

 

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