May 1, 2007
Cemex has blazed a trail for Latin America. Lorenzo Zambrano, our CEO of the Year, wants to make it the most profitable integrated building materials firm in the world.
There may be more exciting corporates in the region these days, but Cemex has worked doggedly to turn a provincial cement business from Monterrey into the third largest integrated building materials firm in the world. For pulling off the biggest ever acquisition by a Mexican entity the Rinker purchase and in recognition of many years of outstanding service, Lorenzo Zambrano is the LatinFinance CEO of the Year.
Zambrano, chairman and CEO of Cemex, paved the way for multinationals like CVRD and Tenaris by proving that Latin firms can excel on the world stage. A $15.3 billion hostile bid for Australian building materials group Rinker is the most ambitious of Cemex's 16 acquisitions. "Our achievements demonstrate that a Mexican company can compete and win on a global scale," Zambrano tells LatinFinance. "Equally important, we have a solid financial foundation and are well positioned in our markets to continue to...
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