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Corporate responsibility

21 September 2008

Estimated cost of the border fence:  4 to 8 BILLION Dollars

Estimated cost over-runs: 3.5 MILLION DOLLARS per MILE.

Having the largest cement company in the country tell Homeland Sercurity to screw itself:  Priceless!

Cemex, the largest concrete company in the United States, won’t be providing any of its concrete to build the controversial 18-foot border wall.

During a House Homeland Security Committee meeting today, Stana explained to the committee that the cement must be brought in from Houston or as far away as Colorado. He didn’t say why Cemex wouldn’t provide the concrete, and phone calls to the company’s offices in Monterrey and Houston were not returned.

“The price of concrete has gone up tremendously,” he told the committee.”Cemex won’t sell to the fencing projects in the United States.”

¡VIVA el mercado libre! Cemex is one of the few Mexico companies to have a significant market in the United States.

By the way, CEMEX is considered a particularly well-run company, giving a good return on their investments, and an excellent long term investment.  After you make your investment in the Mex Files, go over to IncaKolaNews for the financial details on CEMEX (and subscribe to Otto’s NOBS (“NO B.S.” stock analysis service for the best information on Latin American investment and commodities markets).

2 Comments leave one →
  1. MaryOGrady permalink
    21 September 2008 4:08 pm

    Beautiful. The irony. Just beautiful.

  2. Margaret permalink
    21 September 2008 6:05 pm

    Quote from the news story: “He didn’t say why Cemex wouldn’t provide the concrete, and phone calls to the company’s offices in Monterrey and Houston were not returned.”

    The silent cut. What would Miss Manners say?

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