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| Strabag acquisition of Cemex gets green light At the end of July 2008, Austrian construction and building materials firm Strabag SE had signed the purchase agreement covering the acquisition of the Austrian and Hungarian activities of Mexican cement maker Cemex. On 13 February 2009, Strabag was informed by the Hungarian cartel authorities of their approval of the transaction. In Hungary, Cemex Hungaria is one of the four largest market participant in concrete production, Strabag being the market leader. 40 concrete mixing plants provide nationwide coverage. Cemex Hungaria operates eight stone/gravel pits and has about 60 million tonnes of raw materials reserves. Cemex Hungaria had revenues of € 61 million in 2007. In Austria, Cemex Austria operates 45 concrete mixing plants, guaranteeing nationwide logistical coverage. Cemex Austria operates 30 stone and gravel pits. The existing raw materials reserves amount to roughly 156 million tonnes. Cemex Austria had revenues of € 196 million in 2007. write your comments about the article :: © 2009 Construction News :: home page |