Cemex to sell Hungarian business to German group

Recycling

Mexican building materials company Cemex signed an agreement to sell its businesses in Hungary and Austria to Germanyʼs Rohrdorfer Group for approximately €160.1 mln, the company said today, according to Hungarian news agency MTI.

Under the agreement, the Mexican company reportedly sold five quarries and 34 ready-mix plants in Hungary. The quarries sold 1.36 million tons of aggregates last year, while the plants sold 460,000 tons of ready-mix, according to MTI. The business had net sales of about $47 mln in 2014, the news agency added.

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