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...
Despite the slowdown in the world economy, Votorantim Cimentos continues to operate within solid financial metrics and with high liquidity, maintaining its investment grade status with a stable outlook attributed by the credit rating agencies Moody’s and Fitch. The company’s leverage remained at stable levels and in line with our financial policy. In May, we carried out a transaction in the international market that repurchased the most expensive debt in our portfolio, taking advantage of attractive market rates. And we used funds from debt issuances in the local market with more attractive rates to finance our operation,” said Bianca Nasser, Global CFO of Votorantim Cimentos.