Barclays points to US, Mexico investments as boost to Cemex
** Analysts at Barclays are "encouraged" by Mexican cement maker Cemex's CEMEXCPO.MX prospects in coming quarters, particularly in U.S. and Mexico
** Barclays met with Cemex management in Europe last week
** The trend of "on-shoring," or businesses moving operations closer to their final destination, in Mexico and the U.S. "look set to last as key driver," the analysts write in a note to clients
** Cemex is seeing investments of around $60 billion coming to Mexico, with around 10% from Chinese companies
** In the U.S., Cemex has participated in chip manufacturing projects, the analysts led by Benjamin Theurer write
** In the EMEA region, Cemex is moving to sell all its Asia assets and would be open to selling Egypt assets as well, the analysts say
** Cemex executives also suggested some assets in South America and the Caribbean could be sold off
** Shares in Cemex closed up 0.16%, against Mexico's main stock exchange, which closed down 0.48%
** Shares in the firm have risen nearly 17% over the past year
Reporting by Kylie Madry
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