{
    "success": true,
    "data": {
        "id": 1437809,
        "msgid": "cemex-expands-into-se-asia-1447893297",
        "date": "1999-05-01 00:00:00",
        "title": "Cemex expands into SE Asia",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Cemex expands into SE Asia MONTERREY, Mexico (Dow Jones): Mexican cement giant Cemex SA will continue to expand its presence in southeast Asia targeting what it sees as major growth potential in the region, company chairman Lorenzo Zambrano said on Thursday. At a press conference following Cemex's annual shareholders assembly, Zambrano said the only restriction is Cemex's self-set goal of keeping interest coverage and debt to operating flows at 3.3 times.",
        "content": "<p>Cemex expands into SE Asia<\/p>\n<p>MONTERREY, Mexico (Dow Jones): Mexican cement giant Cemex SA<br>\nwill continue to expand its presence in southeast Asia targeting<br>\nwhat it sees as major growth potential in the region, company<br>\nchairman Lorenzo Zambrano said on Thursday.<\/p>\n<p>At a press conference following Cemex's annual shareholders<br>\nassembly, Zambrano said the only restriction is Cemex's self-set<br>\ngoal of keeping interest coverage and debt to operating flows at<br>\n3.3 times.<\/p>\n<p>He also said the company plans to lower debt this year by $300<br>\nmillion.<\/p>\n<p>Zambrano said Cemex aims to increase its stake in Indonesia's<br>\nmajority state-owned cement-maker PT Semen Gresik to 25 percent<br>\nby the end of this year, although the company's ultimate goal is<br>\nto acquire control of Semen Gresik.<\/p>\n<p>He said the Indonesian government could offer to sell its<br>\nshares in Semen Gresik and that Cemex was interested in buying<br>\n\"whatever they want to sell us.\"<\/p>\n<p>With per capita cement consumption in Indonesia a third of<br>\nwhat it is in Mexico, prospects for growth in the market are<br>\nencouraging. \"It would be very important and worth the risk<br>\ntaken,\" Zambrano added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cemex-expands-into-se-asia-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}