Stronger Dollar and Higher Energy Costs Lead to Lower FVE for Cemex
Cemex reported decent third-quarter results. While volumes were generally steady or lower for cement, ready-mix concrete, and aggregates over the prior year quarter, the company did a good job of raising prices in several markets. For example, it pushed double-digit price increases across all products, including a 15% increase in pesos, in its most important market, Mexico. Volumes tend to be turbulent between quarters due to events like earthquakes and hurricanes--both of which hit with severit...
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