NewsWhore
10-17-2008, 04:20 PM
Cemex Dominicana, a subsidiary of Cementos Mexicanos, says it is restructuring in response to the international financial crisis. The company will have to reduce international operating costs by US$500 million this year, because international sales have dropped 5%. Cemex Dominicana spokesperson Julissa Baez says the company is seeking more flexibility. She says that the global crisis is affecting all businesses and markets are downsizing. Baez added that all of Cemex Mexicanos' subsidiaries, located in over 50 countries, are equally affected.
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