building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
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Our Operating Network in France<br />
Description of Properties, Plants and Equipment. As of December 31, 2010, we operated 247 ready-mix concrete plants in<br />
France, one maritime cement terminal located in LeHavre, on the northern coast of France, 20 land distribution centers and 43<br />
aggregates quarries.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$41 million in 2008, U.S.$15 million in 2009 and<br />
U.S.$23 million in 2010 in our operations in France, and we currently expect to make capital expenditures of approximately U.S.$16<br />
million during 2011.<br />
Our Operations in the Rest of Europe<br />
Our operations in the Rest of Europe which, as of December 31, 2010, consisted of our operations in Croatia, Poland, Latvia, the<br />
Czech Republic, Ireland, Austria, Hungary, Finland, Norway and Sweden, as well as our other European assets and our approximately<br />
33% non-controlling interest in a Lithuanian company. These operations represented approximately 8% of our 2010 net sales in Peso<br />
terms, before eliminations resulting from consolidation, and approximately 4% of our total assets in 2010.<br />
Our Operations in the Republic of Ireland<br />
Overview. As of December 31, 2010, we held 61.2% of Readymix plc, our main subsidiary in the Republic of Ireland. Our<br />
operations in the Republic of Ireland produce and supply sand, stone and gravel as well as ready-mix concrete, mortar and concrete<br />
blocks. As of December 31, 2010, we operated 37 ready-mix concrete plants, 27 aggregates quarries and 15 block plants located in the<br />
Republic of Ireland, Northern Ireland and the Isle of Man. We import and distribute cement in the Isle of Man.<br />
The Construction Industry in the Republic of Ireland. According to Euroconstruct, total construction output in the Republic of<br />
Ireland is estimated to have decreased by 28% in 2010. The decrease reflected the continued contraction in the housing sector. We<br />
estimate that total cement consumption in the Republic of Ireland and Northern Ireland reached 2.1 million tons in 2010, a decrease of<br />
25% compared to total cement consumption in 2009.<br />
Competition. Our main competitors in the ready-mix concrete and aggregates markets in the Republic of Ireland are CRH, the<br />
Lagan Group and Kilsaran.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$49 million in 2008, U.S.$0.3 million in 2009 and<br />
U.S.$1 million in 2010 in our operations in the Republic of Ireland. We currently expect to make capital expenditures of<br />
approximately U.S.$1 million in our Irish operations during 2011.<br />
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