Bloomberg News

Cemex Sees Recovery in U.S. With Industrywide Volume Gains

March 29, 2012

Cemex SAB, the largest cement maker in the Americas, said it is seeing signs of a recovery in the industry in the U.S. after years of struggling during the housing bust.

Industrywide, U.S. cement volume during the first two months of the year rose more than 20 percent, said Maher Al- Haffar, Cemex’s vice president of corporate communications, public affairs and investor relations.

Although the increase is partly due to mild weather, Cemex has been seeing signs of improvement since the second half of last year, Al-Haffar said in a telephone interview from New York. Cemex, based in San Pedro Garza Garcia, Mexico, is raising prices in most of its U.S. markets by $5 to $6 per ton in April, he added.

“We’re cautiously optimistic,” Al-Haffar said. “The U.S. is going through a fragile recovery.”

To contact the reporter on this story: Brendan Case in Dallas at bcase4@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net


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