Swiss cement maker Holcim AG is buying the Australian operations of Mexico-based Cemex for $1.62 billion and investing $234 million Huaxin Cement, the 4th largest cement company in China.
Even the Australian purchase is based upon the anticipation of big business in China.
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- China Cement IPO skyrockets (05/21/08)
{ 1 comment… read it below or add one }
Tony,
I am not a financial investor, I came on line because of the fact I have had sinking feeling as far as
1985 that something was on the Horizon for this country. I had not been able to put my finger on what was to happen. But it is now happening and I believe this is just the beginning of what is in store for us. I think we will see things that are much more dramatic then just economic uncertainty.
I am a post-war baby boomer (1946 }. I think when the dust settles, we will yet see much worse things on the horizon, unfortunately you and I may not see these things but our children and most likely our grandchildren will. For now all we can do is work on rebuilding a somewhat better
situation then we have.
we presently have.