The first half of 2024 has been a period of mixed outcomes for major cement producers, with a general trend of sluggish sales but stable or growing earnings. Votorantim Cimentos, along with other key players such as Holcim, CRH, Heidelberg Materials, and Cemex, released their half-year results, providing insight into the industry’s performance so far...
Cemex announced today that an agreement has been signed for the sale of its operations in the Dominican Republic, for a total consideration of approximately US$950 million. The transaction includes export businesses to Haiti. The agreement has been signed between a Spanish subsidiary of Cemex, as seller, and Cementos Progreso Holdings, S.L., through a subsidiary,...
Cemex announced on July 15th a joint venture agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings. This agreement is part of Cemex’s ongoing strategy to accelerate growth in the U.S. and expand its aggregates business. This joint venture will strengthen Cemex’s aggregate reserves with the production, distribution, and...
This venture aims to produce carbon-neutral fuels and materials with lower carbon emissions. Cemex has signed a joint venture agreement with recycling service provider ALBA to produce biochar, a carbon-neutral fuel derived from biomass. The use of biochar, alongside a planned carbon capture project on site, will allow the capture of biomass CO2 for storage...
The Wildlife Habitat Council (WHC) awarded four Cemex projects across the US and Mexico for excellence in corporate conservation in the categories of Awareness and Community Engagement, Desert, Formal Learning, and Training. The recognitions were unveiled during the WHC Conservation Conference in New Orleans, Louisiana. The projects recognized at the awards were: Student environmental education...
Cemex signed an agreement with Gharbia Governorate to operate the first Regenera facility in Egypt. Through this agreement, Cemex will treat more than 800 tons of municipal solid waste received per day to generate alternative fuels and produce compost, ensuring minimal residual waste to landfill. This agreement supports circularity as well as the wellbeing of...
Cemex is the first company in the building material industry to develop a generative AI powered sales assistant. The tool is built using Microsoft Azure OpenAI Service generative artificial intelligence technology. Cemex has developed the first generative Artificial Intelligence (AI) tool of its kind in the building material industry, transforming how the salesforce interacts with...
Cemex and the Mission Possible Partnership (MPP), in partnership with the Bezos Earth Fund, are collaborating to conduct an analysis of the potential of decarbonization levers at Cemex’s Balcones cement plant in Texas. This analysis aims to accelerate Cemex’s commitment to achieving net-zero CO2 emissions by 2050. There are various technological pathways to decarbonize the...
Construction Startup Competition 2024 searches for the brightest startups from around the world to disrupt the industry and make construction more sustainable, efficient, and on time. Venture Capital and Construction companies Cemex Ventures, Caterpillar, Dysruptek by Haskell, Ferrovial, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Trimble, and Zacua Ventures are hosting the biggest competition for startups in the...
Cemex has been recognized as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark. This recognition demonstrates Cemex’s commitment to transitioning to a lower-carbon cement industry, with the aim of becoming a net-zero CO2 company by 2050. The World Benchmarking Alliance (WBA) measured and ranked 91 of the world’s most...