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Cemex S.A.B. de C.V. issues company news about its global construction materials business, including cement, ready-mix concrete, aggregates, urbanization solutions, and related services across Mexico, the United States, EMEA, and South, Central America and the Caribbean.
Recurring updates cover operating and financial results, material agreements, capital-structure matters, shareholder votes, governance, and senior leadership changes. Company news also addresses sustainability reporting, climate disclosure, circular-economy initiatives, alternative raw materials and energy use, and decarbonization technologies such as concentrated solar power for clinker production.
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CEMEX has recognized female leadership through the Mujer Construrama event, underscoring its commitment to gender equality. This year, 320 women from its Construrama network participated in virtual workshops and conferences designed for their professional growth. Notably, women lead about 30% of Construrama's 2,100 stores. CEMEX is a signatory of the UN Women's Empowerment Principles, promoting equality in various sectors. With a focus on sustainable practices and enhanced services, CEMEX continues to support the development of women in the construction industry.
CEMEX (NYSE: CX) has joined the LEILAC 2 project, a research initiative funded by the EU to decarbonize cement production. Following its active role in LEILAC 1, CEMEX contributes expertise and resources to develop technology that captures process CO2, which comprises about 60% of cement's direct emissions. The company aims for a 35% reduction in CO2 emissions per ton by 2030 and a net-zero target by 2050.
Davide Zampini, Head of Global R&D, emphasizes their commitment to impactful technologies in carbon capture.
CEMEX (NYSE: CX) is enhancing its supply chain to address cement shortages in California, Arizona, and Nevada by recommissioning a kiln at its CPN plant in Hermosillo, Mexico. This $15 million investment will increase annual production capacity by 1 million tons and create over 130 jobs. The initiative aims to support local customers facing supply constraints, ensuring reliable access to Portland cement. The kiln is expected to be operational by Q2 2021, alongside increased efficiencies at the Victorville plant, to meet the growing construction demands in the region.
CEMEX announced the divestment of 24 concrete plants and 1 aggregates quarry in Southeastern France to LafargeHolcim as part of its strategy to focus on high-growth markets. The assets, located in the Rhone Alpes region, will be sold without requiring antitrust approval. The transaction is expected to close by early April. CEMEX plans to use the proceeds to invest in growth projects in key markets, aligning with its goal to enhance portfolio development. This strategic move underscores the company's commitment to sustainable growth and efficiency in core areas.
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