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 S.A.B. de C.V. (NYSE: CX) is a global construction materials company active in cement manufacturing, ready-mix concrete, aggregates, and urbanization solutions. The Cemex news stream reflects both its role in the building materials sector and its stated focus on sustainability, decarbonization, and circular economy initiatives across multiple regions, including Mexico, the United States, EMEA, and South, Central America & the Caribbean.
News about Cemex often highlights climate and sustainability milestones, such as recognition from external organizations for environmental disclosure, climate action, or decarbonization projects. The company regularly communicates progress on initiatives linked to its Future in Action program, which it describes as focused on climate action, circularity, and natural resource management with the objective of becoming a net-zero CO₂ company by 2050.
Investors and observers can also expect corporate and strategic updates in Cemex news, including leadership changes, organizational appointments, and information about growth plans in key markets like the United States. In addition, Cemex issues releases on project- and technology-related developments, such as carbon capture projects at cement plants, collaborations on solar-powered clinker production, and the expansion of its Regenera circularity business through partnerships and acquisitions in recycling and construction waste recovery.
Because Cemex positions itself as a participant in the circular economy in the construction value chain, its news flow frequently covers circularity initiatives, social impact projects, and partnerships with global networks that focus on sustainable built environments. For readers following CX, this news page provides a consolidated view of company announcements on sustainability, operations, corporate governance, and regional business developments. Regularly reviewing these updates can help users understand how Cemex describes its strategic direction in cement, concrete, aggregates, and related construction solutions.
Cemex has been included in Fortune's 2024 Change the World list, ranking 24th out of 52 companies. This marks the fourth time Cemex has received this recognition, which highlights businesses making positive social impacts through their core strategies. Fortune acknowledged Cemex's work with VeryNile, an initiative in Egypt that cleans the Nile River and develops sustainable solutions for collected waste.
The VeryNile project, supported by Egypt's Ministry of the Environment, upcycles recovered plastics and uses non-recyclable waste as alternative fuel in Cemex's Assiut cement plant. This initiative has created 150 alternative jobs for local fishermen and women affected by river contamination. Cemex's CEO, Fernando A. González, emphasized the company's sustainable business model that aligns environmental conservation with social empowerment.
Cemex's social impact strategy focuses on supporting local economies, building resilient communities, and empowering people through skills development. The Fortune Change the World list evaluates companies based on measurable social impact, business results, and innovation degree.
Cemex has acquired a majority stake in RC-Baustoffe Berlin GmbH & Co. KG, a recycling company part of the Heim Group, to expand its Regenera circularity business. The Berlin-based facility can process up to 400,000 tons of construction, demolition, and excavation materials (CDEM) annually, which will be repurposed into aggregates for concrete production. This acquisition aligns with Cemex's commitment to circularity and promoting a more circular economy.
The facility also operates Germany's first plant to permanently store biogenic CO₂ in recycled mineral waste. In 2023, Regenera recovered over 9 million tons of CDEM and aims to recover 14 million tons annually by 2030. Cemex recently partnered with the Ellen MacArthur Foundation to further leverage the cement value chain's potential in circularity.
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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