Cemex enters “new phase” – CFO

Cemex enters “new phase” – CFO


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. This could mea

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