The European Union has awarded Cemex and WtEnergy a €4.4 million grant for the implementation of a novel waste-to-fuel technology utilizing synthetic gas at its Alicante cement plant in Spain. The project has been cataloged as “the first of its kind” for the cement industry by the European Union. “Innovation is crucial in our efforts...
Cemex is collaborating with Tecnológico de Monterrey, one of Latin America’s most prestigious private universities, on distritotec, a 15-year project that seeks to evolve the campus into a more innovative, sustainable, and inclusive space that is better integrated with its surrounding community. distritotec is a collaboration between Tecnológico de Monterrey, private institutions, government, and the...
Cemex has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions, focusing on providing more sustainable alternatives to growing urban centers. The new plant is equipped with the latest technology to enable the production of traditional and specialty mortars with enhanced sustainability attributes. Cemex’s nearby...
Cemex USA (“Cemex”) announced today it has finalized an acquisition that secures new long-term aggregates reserves, expanding its aggregates footprint and further strengthening the company’s position in aggregate constrained markets. Cemex recently closed on its purchase of the assets of Atlantic Minerals Limited in Newfoundland, Canada, consisting of a construction and chemical aggregates quarry and...
At the beginning of May 2023, Cemex reported a 9% growth in Sales and a 6% growth in EBITDA in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation, and contributions from the company’s growth investments and the Urbanization Solutions business. EBITDA margin showed significant sequential improvement, with...
First six start-ups announced to receive the backing of world-leading cement companies as part of the industry’s drive to reach net zero Low carbon concrete and carbon capture, utilisation and storage among sustainable start-ups backed by global cement industry The Global Cement and Concrete Association (GCCA) has revealed the first six start-ups that...
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced strong results for the full year 2021 with double-digit EBITDA growth, the highest in more than a decade, coupled with a double-digit increase in sales driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved.