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...
Cemex announced on April 30,2024 that it has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S&P Global Ratings’ upgrade announced in March 2024. “Achieving investment grade is a milestone for Cemex,” said Fernando A. González, CEO of Cemex. “This rating is confirmation of both our...
Cemex announced today that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Seminara Mining & Power Corporation for the sale of its operations and assets in the Philippines. Once closed, this transaction will further advance Cemex’s portfolio rebalancing strategy. The assets to be sold by Cemex Asia...
Cemex reported record first quarter results today, with a 5% increase in EBITDA. Three of four regions, markets accounting for 90% of consolidated EBITDA, experienced a combined growth rate of 15%. EBITDA margin expanded by half a percentage point, driven by favorable price-cost dynamics. These strong results were further bolstered by growth investments and Urbanization...
The refinancing agreement extends the final maturity of existing €450 million Term Loan to 2029 and increases facility size by €300 million through a new Revolving Credit Facility maturing in 2028. Six new lenders joined the syndicated credit agreement, supporting Cemex’s sustainability linked facility. Cemex announced today that it has successfully refinanced its Euro denominated...
Cemex presented today its 2023 Integrated Report, titled “Setting the Pace”, in which it provides an analysis of its strategic vision, operational performance, and value creation in a year in which it continued to set EBITDA and decarbonization records. In 2023, Cemex not only achieved record EBITDA growth and set the stage for returning to...
Cemex expects to accelerate growth in the US, lead profitable decarbonization in Europe, leverage leading position in Mexico, and scale its fast-growing Urbanization Solutions business. Strong free cash flow, consistent results, and Investment Grade rating should enable increased flexibility in capital allocation. New target to further improve leverage ratio1 by half a turn. Cemex intends...
Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for Cemex,” said Fernando A. González,...