Utilize the input text as a context reference, choose the right relationship between Cemex and cement from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

BOGOTA Oct 22 Cemex Latam Holdings, a subsidiary of Mexican cement maker Cemex , said on Thursday its third-quarter net profit slipped 60 percent to $35 million amid a decline in sales and currency depreciations.

Answer: product_or_material_produced