CEMEX enters Taiwan market
April 4, 2000
- In March 2002, an affiliate of CEMEX S.A. de C.V. amicably terminated its exclusive long-term distributorship arrangement in Taiwan with Universe Company
CEMEX, S.A. de C.V. (NYSE: CX), through its Philippine affiliate, formalized an exclusive long-term distributorship agreement with Universe Cement of Taiwan.
This agreement signals CEMEX´s entrance into the Taiwan cement market and reinforces its presence in Southeast Asia. The agreement covers an estimated 900,000 metric tons per year in sales in one of Southeast Asia´s most dynamic markets. The cement distributed pursuant to the agreement will originate from CEMEX´s affiliate in the Philippines, Semen Gresik of Indonesia, or other countries in the region.
Universe Cement´s terminals in Keelung and Taichung are strategically positioned to service Taiwan´s key markets, including Taipei and Central Taiwan. CEMEX will also provide technical support to Universe Cement to assist in optimizing its operations.
Founded in 1906, CEMEX is one of the three largest cement companies in the world, with approximately 65 million metric tons of production capacity. Through operating subsidiaries positioned in four different continents, CEMEX is engaged in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker. In addition, the company is the world´s leading producer of white cement and the world´s largest trader of cement and clinker.