Bump for later
Doing the splitting that US companies won't do.
Bush's fault... or was that global warming...?
all that cement would build a fine wall.
I think they bought Lone Star Cement.
What's a ballpark figure for a yard of concrete these days? I guess that would vary by what part of the U.S. you're in, how many condos are going up, etc.
I seem to recall they have a lower cost for energy due to usage of tires, waste oil, etc.
Pretty smart business model. They should be allowed to compete with the US, but they have had to fight restrictions here.
Looks like a sound company built on a strong foundation.
There's a large Cemex plant here in Longmont, Co. You just have to follow the caravan of illegals in the morning to find it.
The U.S. and Mexican governments have reached an agreement — expected to go into effect in the second quarter of 2006 — regarding the level of U.S. tariffs on Mexican portland cement imports into the United States. This report, released by Portland Cement Association (PCA) Chief Economist Ed Sullivan, provides the latest available information about the arrangement and its potential impact on U.S. cement supply.
The U.S.-Mexican cement import agreement will reduce the tariff on portland cement imports originating from Mexico from $26 per ton to $3 per ton and introduce regional quotas. The total volume of Mexican imports is capped at 3 million metric tons (mt) for the first year of the agreement.
http://cementamericas.com/mag/cement_us_cement_forecast_2/index.html
Reduced rates = more cement purchased from Mexico... When the rates were higher there was less cement imported, that's protectionism, and allowed the domestic cement companies to demand higher prices on a basic building material...
No wonder houses cost more for lower quality, protectionism!
Fernando Flores, the man who invented the e-mail program that became Groupwise, taught CEMEX how to build trust into their business model. He then showed them how having women sell concrete, like AVON ladies or the Christmas Club at the bank, would grow their business. Now they have women selling little bits of concrete to other women- for their homes, one room at a time, all over the world. CEMEX is huge and is an example of what could happen to their oil company if the goverment got out of the business.