Welcome to our dedicated page for Cemex Sab news (Ticker: CX), a resource for investors and traders seeking the latest updates and insights on Cemex Sab stock.
Cemex SAB de CV (CX) is a global leader in building materials, providing essential cement, ready-mix concrete, and aggregates for infrastructure projects across 50+ countries. This dedicated news hub offers investors and industry professionals centralized access to official updates shaping the construction sector.
Track critical developments including quarterly earnings reports, sustainability initiatives, strategic partnerships, and operational expansions. Our curated collection ensures timely access to press releases and verified news affecting CX’s market position and industry trends.
Discover updates on product innovations, regulatory compliance efforts, and global supply chain developments. Bookmark this page to monitor how CX navigates evolving construction demands while maintaining its commitment to quality and operational efficiency.
Cemex has signed a Network Partnership agreement with the Ellen MacArthur Foundation to accelerate circular economy efforts in the built environment. This partnership aims to integrate and scale circular economy principles into the cement supply chain through Cemex's Regenera business. The collaboration will leverage science-based research, advocacy, and coalition-building initiatives to drive circularity in the building materials industry.
Key points:
- Cemex's Regenera recovered over 9 million tons of construction and demolition waste in 2023, a 5% increase from the previous year.
- The built environment sector accounts for approximately 37% of global CO2 emissions.
- Incorporating circular economy principles in the built environment can reduce global CO2 emissions from building materials by 38% by 2050.
- This partnership is part of Cemex's Future in Action program, aiming to achieve sustainable excellence and become a net-zero CO2 company by 2050.
Cemex collaborates with the Mission Possible Partnership and the Bezos Earth Fund to analyze decarbonization levers at its Balcones cement plant in Texas. The partnership aims to accelerate Cemex's commitment to achieving net-zero CO2 emissions by 2050 by exploring various technological pathways such as alternative fuels, lower-carbon materials, carbon capture and storage, and the utilization of captured carbon for synthetic fuels or construction materials.
CEO Fernando A. González highlights the importance of leveraging scalable technologies to meet ambitious decarbonization goals. The partnership focuses on addressing the high heat required in cement production by exploring substitutes for fossil fuels, including waste, renewable gas, biomass, hydrogen, and electrification of kilns. MPP drives industrial decarbonization in heavy-emitting sectors like cement and concrete, collaborating with partners to enable deep decarbonization projects at a commercial scale.
This collaboration aligns with Cemex's Future in Action program, which aims to achieve sustainable excellence through climate action, circularity, and resource management, with the goal of becoming a net zero CO2 company by 2050. Cemex has made significant progress in decarbonization, reducing specific CO2 emissions by 13% and 12% in Scope 1 and 2, respectively, since 2020.
Cemex has been recognized as the industry's top-scoring company in the World Benchmarking Alliance's 2024 Climate and Energy Benchmark, showcasing its commitment to transitioning to a lower-carbon future and aiming to be a net-zero CO2 company by 2050. The company achieved the highest score in the cement industry ranking, reflecting its dedication to climate action and social impact.
Cemex has been upgraded to investment grade by Fitch Ratings, achieving BBB- status. This follows an earlier upgrade by S&P Global Ratings. The CEO sees this as a significant milestone, highlighting the company's strategic execution and cost optimization to enhance financial flexibility. Recent developments include the divestment of operations in the Philippines and a successful bank refinancing.
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