GCC sells Stake in Bolivian Cement CompanyChihuahua, Chihuahua, August 19, 2011 ? Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC*) (GCC, or ?the Company?) announces that today finalized the sale of its 47.02% stake in Sociedad Boliviana de Cemento, S.A. (SOBOCE) to Consorcio Cementero del Sur, S.A., a subsidiary of Grupo Gloria, with headquarters in Peru. Proceeds from the transaction will be used primarily for debt reduction, in line with the Company?s goal of improving its financial profile and strengthening its core businesses in the United States and Mexico.About GCC
GCC is a leading supplier of cement, aggregates, concrete and construction?related services in Mexico and the United States. The Company has annual cement production capacity of 4.6 million tons.
Founded in 1941, the Company?s shares trade on the Mexican Stock Exchange under the ticker symbol
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.