Welcome to our dedicated page for Cemex Sab news (Ticker: CX), a resource for investors and traders seeking the latest updates and insights on Cemex Sab stock.
Cemex SAB de CV (CX) is a global leader in building materials, providing essential cement, ready-mix concrete, and aggregates for infrastructure projects across 50+ countries. This dedicated news hub offers investors and industry professionals centralized access to official updates shaping the construction sector.
Track critical developments including quarterly earnings reports, sustainability initiatives, strategic partnerships, and operational expansions. Our curated collection ensures timely access to press releases and verified news affecting CX’s market position and industry trends.
Discover updates on product innovations, regulatory compliance efforts, and global supply chain developments. Bookmark this page to monitor how CX navigates evolving construction demands while maintaining its commitment to quality and operational efficiency.
Cemex announced that Jaime Muguiro has officially begun his role as CEO, following his appointment by the Board of Directors on February 10. Muguiro succeeds Fernando A. Gonzalez, who retired after his tenure at the company.
Muguiro, who joined Cemex in 1996, brings extensive experience from various senior leadership positions across regions, most recently serving as President of Cemex USA. The new CEO emphasized his commitment to maximizing shareholder returns through operational efficiency and customer partnership.
The company's strategy focuses on growth opportunities in the United States through small to medium-sized bolt-on acquisitions. Having achieved its deleveraging objectives and consolidated operations, Cemex is transitioning from financial stabilization to growth phase while maintaining focus on sustainable value creation.
Cemex has released its 2024 Integrated Report highlighting significant operational and sustainability achievements. The company achieved its second-strongest sales and Operating EBITDA in recent history, along with the highest free cash flow after maintenance capital expenditures since 2017.
Key financial highlights include regaining an investment-grade rating from Standard & Poor's and Fitch, reaching a record US$939 million in net income, and announcing a progressive shareholder dividend program.
Through its Future in Action program, Cemex has made substantial progress in decarbonization efforts:
- 15% reduction in cement Scope 1 CO2 emissions since 2020
- 18% reduction in Scope 2 emissions
- 63% of cement sales and 55% of concrete sales from Vertua products
- Received €157 million EU Innovation Fund grant for CO2 capture at Rüdersdorf plant
The company ranked #1 in climate transition among 91 companies in hard-to-abate industries and achieved a Net Promoter Score of 74.
Cemex has been named one of the World's Most Ethical Companies® for 2025 by Ethisphere, highlighting its commitment to business integrity and ethical practices. The company joins an elite group of 136 organizations across 19 countries and 44 industries recognized this year.
The recognition is based on Cemex's adherence to its Code of Ethics and Business Conduct, which establishes high standards for behavior both internally and externally. The assessment process involved over 240 proof points evaluated through Ethisphere's Ethics Quotient®, examining various aspects including ethics, compliance, governance, environmental and social impact, and value chain initiatives.
CEO Fernando A. González emphasized that ethics is a core value at Cemex, highlighting how this recognition reflects their employees' dedication to maintaining a culture of transparency and trust. The company's commitment to ethical standards supports its strategic vision and guides interactions with all stakeholders.
Cemex marks the 25th anniversary of its El Carmen Nature Reserve, a 130,000-hectare wilderness spanning between Mexico and the United States. The reserve, comparable in size to Los Angeles, stands as one of North America's most biodiverse areas.
The reserve hosts an impressive biodiversity including:
- 1,500 plant species
- 289 bird species
- 81 reptile and amphibian species
- 80 mammal species
A notable achievement is the successful rewilding project that reintroduced 117 American bison, marking their first breeding cycle in 2023 after a century's absence. The reserve has also reestablished desert bighorn sheep, pronghorn antelope, and desert mule deer populations, while housing one of Mexico's largest black bear communities.
El Carmen has received the Wildlife Habitat Council's Gold Conservation Certification, the highest recognition from the Council. The initiative enhances ecosystem CO2 removal capacity through increased biomass stocks, supporting Cemex's commitment to a nature-positive, carbon-neutral future.
Cemex has announced significant organizational changes following the retirement of CEO Fernando Gonzalez and appointment of Jaime Muguiro as new CEO effective April 1st, 2025. The company revealed several key leadership transitions:
- Jesus Gonzalez moves from President of South, Central America, and Caribbean to President of USA
- Sergio Menendez transitions from President of Europe, Middle East, and Africa to President of Mexico
- Jose Antonio Cabrera appointed as President of Europe, Middle East, and Africa
- Alejandro Ramirez shifts from President of Colombia and Peru to President of South, Central America, and Caribbean
- Ricardo Naya moves from President of Mexico to Executive VP of Sustainability and Operations Development
All changes will be effective April 1st, 2025, demonstrating Cemex's commitment to leadership development and organizational success.
Cemex announced a significant leadership transition as CEO Fernando A. González will retire after more than 35 years with the company. The Board of Directors has appointed Jaime Muguiro, current President of Cemex USA, as the new CEO, effective April 1, 2025.
Under González's decade-long leadership as CEO, Cemex has achieved notable success, becoming an industry leader in sustainability, innovation, and digitalization. The company has regained its investment-grade ratings and is positioned for continued growth.
Muguiro, who joined Cemex in 1996, brings extensive experience from various executive positions within the company, including Strategic Planning, Business Development, Ready-Mix Concrete, Aggregates, and Human Resources. He has led several regional operations and served as CEO of Cemex Latam Holdings.
Cemex has been awarded the Net-Zero Industries Award at COP29 for developing a revolutionary clinker decarbonization process using concentrated solar power. The breakthrough technology, developed in collaboration with cleantech company Synhelion, enables solar-powered clinker production, a key component in cement manufacturing. The partnership, which began in 2019, achieved its first successful solar clinker production in 2022 through a small-scale pilot, followed by continuous production capabilities in 2023. The companies are now progressing toward developing a solar-driven, industrial-scale pilot cement plant.
Cemex and Linde have been selected to receive €157 million in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex's Rüdersdorf Cement Plant in Germany. The project aims to capture 1.3 million metric tons of CO2 per year, ultimately decarbonizing the site by 2030.
Linde's HISORP® CO2 capture technology will be deployed in a cryogenic-adsorptive process that captures CO2 from the exhaust gas. The liquid CO2 will be transported by rail to an intermediate CO2 Hub and shipped to an offshore storage site in the North Sea. The project's environmental credentials will be enhanced by regional green electricity generation and water recycling.
This initiative is part of Cemex's Future in Action sustainability program, which aims to make the company a net-zero CO2 company by 2050.
Cemex has been included in Fortune's 2024 Change the World list, ranking 24th out of 52 companies. This marks the fourth time Cemex has received this recognition, which highlights businesses making positive social impacts through their core strategies. Fortune acknowledged Cemex's work with VeryNile, an initiative in Egypt that cleans the Nile River and develops sustainable solutions for collected waste.
The VeryNile project, supported by Egypt's Ministry of the Environment, upcycles recovered plastics and uses non-recyclable waste as alternative fuel in Cemex's Assiut cement plant. This initiative has created 150 alternative jobs for local fishermen and women affected by river contamination. Cemex's CEO, Fernando A. González, emphasized the company's sustainable business model that aligns environmental conservation with social empowerment.
Cemex's social impact strategy focuses on supporting local economies, building resilient communities, and empowering people through skills development. The Fortune Change the World list evaluates companies based on measurable social impact, business results, and innovation degree.
Cemex has acquired a majority stake in RC-Baustoffe Berlin GmbH & Co. KG, a recycling company part of the Heim Group, to expand its Regenera circularity business. The Berlin-based facility can process up to 400,000 tons of construction, demolition, and excavation materials (CDEM) annually, which will be repurposed into aggregates for concrete production. This acquisition aligns with Cemex's commitment to circularity and promoting a more circular economy.
The facility also operates Germany's first plant to permanently store biogenic CO₂ in recycled mineral waste. In 2023, Regenera recovered over 9 million tons of CDEM and aims to recover 14 million tons annually by 2030. Cemex recently partnered with the Ellen MacArthur Foundation to further leverage the cement value chain's potential in circularity.
