May 3, 2016

Lyons plant part of $400M asset selloff by Cemex

The Cemex concrete plant in Lyons is included in a deal the company has struck to sell $400 million in assets to Grupo Cementos de Chihuahua SAB.

Bloomberg reports that Cemex SAB is selling a plant tin Texas, as well as its building-materials business, in addition to the Lyons plant as it seeks to sell of more than $1 billion in asset sales to shore up its financials.

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