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Cemex SAB de CV (ADR) (NYSE:CX) has started to move down, after the company announced the divestment of its operations in Hungary and Austria. As per company reports, the company has agreed to sale its assets in the region to the Rohrdorfer Group, for an estimated price of €160.1 million. However, the company has also shifted its attention towards Nicaragua. Recently, Cemex announced that one of its subsidiaries has recently completed the first phase of construction of its new cement grinding plant. So far, the company has invested a total of $30 million in the plant.

Cemex operations in Austria had been responsible for net sales of $241 million during 2014, while the Hungary operations were responsible for $47 million in sales. Furthermore, Cemex also stated that the returns from the sales of these operations would be utilized in reducing company debt and for corporal operations. However, the transaction is still subject to the fulfillment of regulations by the two parties and the two companies expect to meet these requirements and proceed with the transaction in the 4Q2015.

The phase 1 of the company’s new cement grinding plant consists of the first grinding mill and is expected to produce 220,000 tons of cement annually. A second phase, which includes an additional grinding mill, has been proposed for phase 2, but the construction is not expected to be completed until the end of 2017. The second mill, if installed, will have a production capacity of 860,000 tons annually, but will require an investment of another $25 million for the project.

Analysts at the Street Ratings have awarded CX a hold rating, based on its recent decisions. CX had been improving on its EPS for the past 2-years and analysts believe that this trend would continue in the coming months.

Cemex SAB de CV (ADR) (NYSE:CX) recorded a decline of 4.18% in its share value, during the September 22 session. The stock was subjected to a trade volume of 11.4 million shares during the session, before reaching a close at $7.34.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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