Pre-pack sale saves jobs at Barcon Precast

A pre-pack sale has saved some 24 jobs at Barcon Precast, a Bolton, north-west England-based concrete supplier. Administrators were appointed on 30 March, 2012 and have now agreed the sell the business and assets to parent company Barcon Systems. The company struggled with a downturn in orders and was forced to write off a large debt in 2011 as it came close to paying off VAT liabilities owed.

Mexican construction materials giant Cemex could sell part of its business in northern Europe, the Mediterranean and Asia as part of a debt repayment plan, the company’s CEO told Reuters news agency.

Fernando Gonzalez said the firm could also sell 5 to 10% of its subsidiary Cemex Latam Holdings, and set aside 50% of its earnings from asset sales to lower its debt burden.

Cemex recently revealed a plan to cut costs and sell assets to boost its finances and cut liabilities, in a bid to regain its invest