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Cemex to invest further billions

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)