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Cemex

March 11, 2016

Cargill plans to reduce antibiotic resistance in cattle; CEMEX to sell assets in Bangladesh, Thailand; and Volkswagen's US chief resigns amid on-going crisis

Cargill plans to reduce antibiotic resistance in cattle

Family-controlled Cargill, the world’s largest agricultural commodities trader, is reducing the use of antibiotics in its cattle following concerns about risks to humans from antibiotic-resistant bacteria.

The Minnesota-based company said it would eliminate 20% of antibiotics known to be important to humans from its four feed yards in Texas, Colorado and Kansas.

February 19, 2016

Bombardier to cut 10% of global workforce; Cemex posts strong full-year results; and Walmart forecasts sluggish sales growth

Bombardier to cut 10% of global workforce

Canadian transporter Bombardier is to cut 7,000 jobs over the next two years – close to 10% of its global workforce – after revenues slumped by 10% in 2015.

Bombardier, the world’s third largest maker of jet aircraft, posted revenues of $18.2 billion in the year to 31 December 2015, down from $20.1 billion in 2014.

The company said it plans to reduce the number of shares it has outstanding with a reverse stock split to boost its attractiveness to investors.

August 7, 2015

Illy Caffé sells €70 million bond to increase market share; Cemex completes $15 billion refinancing of bank debt; and Bharti Airtel beats Reliance Industries to 4G launch

Illy Caffé sells €70 million bond to increase market share

Italian coffee company Illy Caffé has sold a €70 million ($76 million) bond in order to increase market share in the premium hospitality sector.

The move will help Illy keep up with its larger Italian rival Lavazza, and comes amid a period of consolidation in the coffee industry, which is estimated to be worth $80 billion.

May 23, 2014

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

Lorenzo Zambrano’s death from a heart attack in Madrid last Monday left directors with the task of replacing the man responsible for transforming Cemex’s regional operation into a global business.

May 13, 2014

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

According to local media, the fourth-generation chairman and chief executive of Cemex was found by members of staff at his Madrid hotel, after he failed to turn up for a business meeting.

He was not known to be in poor health.

November 1, 2007

Carlos Slim, the world’s richest man, is the figurehead of a Latin American trend of family
businesses ascending to powerful global positions. And many believe that, despite concerns about corruption, this trend will continue if the environment for business improves at the current rate. Melanie Stern analyses the state of play for the region’s business families

Melanie Stern is a freelance journalist based in the UK.

Carlos Slim, the world's richest man, is the figurehead of a Latin American trend of family businesses ascending to powerful global positions. And many believe that, despite concerns about corruption, this trend will continue if the environment for business improves at the current rate. Melanie Stern analyses the state of play for the region's business families

ARGENTINA
Population: 39.0 million
GDP (at market exchange rates): $214.3 billion

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