Cemex sells shares in West Bank quarry

Cemex has sold shares it owned in a quarry in Israeli-occupied Palestinian land.

In the past few years, pension funds in Sweden and Norway have excluded Cemex from their investment portfolios because of involvement in Palestine

Cemex held shares in Yatir until the beginning of June. In that month, the Norwegian pension fund KLP announced that it was blacklisting Cemex. Since then, Cemex has sold its shares in Yatir to the Israeli mining company Kfar Giladi Quarries.

Cemex still owns Readymix Industries which operates three factories in the industrial zones of three Israeli settlements in the West Bank.

Readymix also owns a factory in the Golan Heights, part of Syria that Israel has occupied since 1967.

Cemex defend its investments in Jewish-only settlements pointing out that they have been approved by the Israeli government.

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