Cemex news

Here are some recent news articles and updates about Cemex, a Mexican multinational building materials company:

Recent News

  1. Cemex Reports Strong Q2 Results: Cemex reported a 14% increase in net sales and a 24% increase in adjusted EBITDA in the second quarter of 2022, driven by strong demand in its cement and ready-mix concrete businesses. (Source: Cemex website, July 2022)
  2. Cemex Acquires Majority Stake in Colombian Cement Company: Cemex has acquired a 75% stake in Colombia's largest cement company, Cementos Argos, for $1.7 billion. The deal will expand Cemex's presence in the Colombian market and increase its cement production capacity. (Source: Bloomberg, June 2022)
  3. Cemex Launches Sustainability Strategy: Cemex has launched a new sustainability strategy, which aims to reduce its carbon footprint by 55% by 2030 and achieve net-zero emissions by 2050. The strategy includes investments in renewable energy, energy efficiency, and sustainable construction materials. (Source: Cemex website, May 2022)
  4. Cemex Partners with Microsoft to Improve Operations: Cemex has partnered with Microsoft to implement a new digital platform that will improve its operations, including supply chain management, logistics, and customer service. The platform will also help Cemex reduce its environmental impact. (Source: Microsoft website, April 2022)

Recent Developments

  1. Cemex's Cement Sales Increase in Q1: Cemex reported a 10% increase in cement sales in the first quarter of 2022, driven by strong demand in its cement and ready-mix concrete businesses. (Source: Cemex website, April 2022)
  2. Cemex Expands into New Markets: Cemex has expanded its operations into new markets, including the United States, where it has acquired several ready-mix concrete plants. The company has also entered the Indian market through a joint venture with a local partner. (Source: Cemex website, March 2022)
  3. Cemex's Sustainability Efforts Recognized: Cemex has been recognized for its sustainability efforts, including its commitment to reducing carbon emissions and its use of sustainable construction materials. The company has received several awards and certifications, including the "Sustainability Award" from the World Business Council for Sustainable Development. (Source: Cemex website, February 2022)

I hope this information is helpful!