Cemex 1999 Annual Report Download - page 22

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20
As of December 31,1999 %OF TOTAL % OF TOTAL
SALES ASSETS
MI
North America
Mexico 47.3 42.2
U.S. 12.2 5.0
South America & Caribbean
Venezuela and Dominican Republic 13.7 11.4
Colombia 3.7 7.2
Central America and the Caribbean 3.6 2.7
Europe & Asia
Spain 16.6 17.4
Egypt10.3 5.3
Philippines 2.6 6.8
Indonesia2– 2.0
TOTAL 100 100
1Includes consolidation of one month of Egyptian operations and CEMEX’s 77%
participation in Assiut Cement Co.
2Considering CEMEX’s 25% participation in Semen Gresik.
NORTH AMERICA
Market Highlights
Mexico – Nineteen ninety-nine was once again a record year for CEMEX
Mexico. The company experienced continuing high demand from
the self-construction sector, which comprises 40% of the domestic
market.
Human Resource Development – CEMEX Mexico’s record perfor-
mance is testament to its talented people and ongoing employee
development programs. It implements programs at all levels of the
organization, from basic educational training (elementary and high
school) to customized executive management programs. For example,
the Developing Professionals Program complements the recruiting
process by teaching CEMEX’s operating fundamentals to high-
potential college graduates to ensure their smooth transition into
the company. In 1999, more than 50 new hires participated in this
program.
United States – The booming U.S. economy, which has fueled seven
consecutive years of construction growth, led to significant new
building projects for CEMEX USA. Noteworthy construction projects
include the: Enron building and Highway 59 expansion in Houston,
Texas; Federal courthouse, Mayo hospital, and Phase II of the
Squaw Peak freeway in Phoenix, Arizona; Williams Gateway runway
expansion in Queen Creek, Arizona; Temecula mall in Inland Empire,
California; and Camp Pendleton military base in Oceanside, California.
opp
REVIEW OF OPERATIONS
Research and development
CEMEX Mexico's research laboratory is intro-
ducing more than one new product each year.
CEMEX’s PRESENCE