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It is part of the Antioqueño group, which also takes in food and cement operations.
It hopes to fold Blue Circle's cement operations into the Redland building materials group it acquired in Britain three years ago.
Lafarge, one of the world's biggest makers of building materials, agreed to sell its roof-tile unit to the private-equity firm PAI Partners for 1.96 billion euros ($2.6 billion) to concentrate on more-profitable cement operations.
In 1992 he paid $1.9 billion for two big cement operations in Spain.
He sold a stake in a petrochemical company, and in 1987 and 1989 bought two big Mexican cement operations.
He got rid of Cemex's stake in a petrochemical company and bought two big Mexican cement operations in 1987 and 1989.
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When the cement operation was completed in the afternoon, the company put out a brief announcement.
In 1966 the company purchased its first cement operation in Midlothian, Tex.
Charles Gepp, analyst and Cemex-watcher at Morgan Stanley Dean Witter, gushes: "They [Cemex executives] are very good at going to a country, buying a cement operation, turning it around and squeezing enormous efficiencies out of it.
According to the former Tianrui executive and the industry followers, the outside investors and the founder squabbled intensely last year over concerns that Li Liufa may have commingled up to tens of millions of dollars from the cement operation with funds from his other businesses.
Loss of zonal isolation in oilwell cementing operations leads to safety and environmental problems.
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