Cemex Statement Regarding Marine Terminal in Quintana Roo, Mexico
March 20 2023 - 7:31PM
Business Wire
Cemex has an existing contractual relationship with Calica, a
Mexican subsidiary of Vulcan Materials, for the use of a marine
terminal located in Playa del Carmen, Quintana Roo. This private
agreement between both companies began more than 20 years ago, and
since then, Cemex has continuously used the terminal to transport
cement products.
Since late 2022, Cemex has had difficulties accessing the
terminal and facilities where Cemex’s assets and products are
located.
After months of negotiations and failure to reach agreement with
Calica, Cemex filed a lawsuit before a local Civil Court, which
granted injunctive relief granting CEMEX access to the terminal and
allowing Cemex to continue its operations while the legal
proceeding is pending.
Calica disregarded the injunctive order by the judge allowing
Cemex to access the facility. As a result, Cemex sought and
obtained further relief from Calica’s contempt of a court order. As
part of the proceedings, the Quintana Roo State Prosecutor's Office
granted Cemex injunctive relief and a legal warrant to access the
property and continue operating. In both cases, all parties were
officially notified of the injunctive relief and warrant.
In light of these rulings and the applicable law, on March 14,
the competent authorities enforced the relief and warrant to allow
Cemex to reenter the property and reestablish its operations at the
terminal.
CEMEX assumes no obligation to update or correct the information
contained in this press release. This press release contains
forward-looking statements within the meaning of the U.S. federal
securities laws. CEMEX intends these forward-looking statements to
be covered by the safe harbor provisions for forward-looking
statements in the U.S. federal securities laws. These
forward-looking statements reflect CEMEX’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. The content of this press release is for
informational purposes only, and you should not construe any such
information or other material as legal, tax, investment, financial,
or other advice. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230320005684/en/
Analyst and Investor Relations - Monterrey Fabián Orta +52 (81)
8888-4327 ir@cemex.com
Analyst and Investor Relations - New York Scott Pollack +1 (212)
317-6011 ir@cemex.com
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
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