May 23, 2013
Mexican cement-maker Cemex will step up efforts to cut costs in its bid to return to profitability as demand recovers and as a “prudent” financial strategy starts to pay off – despite disappointing first quarter results – its chief financial officer has said.
CFO Fernando González told LatinFinance in an interview that the company’s multi-billion dollar debt restructuring process has granted the company much-needed flexibility to cut costs further by tackling interest expenses.
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Cemex targets cheaper debt funding as it reaps the rewards of restructuring, CFO Fernando González tells LatinFinance