Cemex S.A.B. de C.V. - CX STOCK NEWS

Cemex (CX) unveiled the first fully electric ready-mix truck in the Middle East during COP28 in Dubai. The company now has over 1,000 heavy-duty trucks powered with lower-carbon fuels, part of its transition strategy to decarbonize its global fleet. Cemex aims to become a net-zero CO2 company by 2050. The company has reduced approximately 5% in CO2 emissions from its owned fleet and is committed to reducing third-party transport emissions by 30% by 2030. Cemex is actively collaborating with multiple original equipment manufacturers to advance net-zero transportation technologies.

Cemex is supplying a specialty mix of Vertua concrete products for the construction of Rise Tower in Monterrey, Mexico, which is expected to become the tallest tower in Latin America. The project aims to achieve the highest standards of sustainable construction and become the tower with the most environmental certifications in Mexico.

Fernando A. González, CEO of Cemex, has been elected as the new President of the Global Cement and Concrete Association (GCCA). The GCCA’s members account for 80% of global cement production capacity outside of China and have committed to achieving Net Zero CO2 emissions by 2050.

SaverOne announces pilot with Cemex in Spain, following successful installation in Cemex Israel's fleet.

Cemex (CX) and Synhelion scale solar-driven cement production technology to industrially-viable levels, achieving continuous clinker production using only solar heat. This milestone marks progress towards net-zero CO2 cement and concrete production, with potential for carbon neutrality by 2050.

On March 21, 2023, Vulcan Materials Company (NYSE: VMC) reported that CEMEX (NYSE: CX), with armed police and military, forcibly occupied its port facilities in Playa del Carmen, Mexico, without legal authorization. The prior lease agreement expired on December 31, 2022, with Vulcan open to negotiations for a new contract. CEMEX is reportedly ignoring a federal court order mandating their vacate of the property, while the Mexican government unlawfully disrupts Vulcan's quarrying and shipping operations. Vulcan asserts ownership of the facilities and has not authorized CEMEX's use of their property.

Vulcan Materials Company (NYSE: VMC) reported that CEMEX (NYSE: CX) forcibly occupied its port facilities in Playa del Carmen, Mexico, as of March 14, 2023. CEMEX's previous lease agreement with Vulcan expired on December 31, 2022, and there is no current contract allowing CEMEX's use of the property. Vulcan has been open to renegotiations, but CEMEX resorted to threats involving the Mexican military and police instead. A Mexican federal court has ordered CEMEX to vacate the property, yet operations remain halted. Vulcan asserts legal ownership of the properties, including the port concession.

Cemex has a longstanding agreement with Calica, a subsidiary of Vulcan Materials, to utilize a marine terminal in Playa del Carmen for cement transport. However, since late 2022, Cemex faced access issues to the terminal. Following unsuccessful negotiations, Cemex filed a lawsuit that resulted in a local court granting injunctive relief for access to the terminal. Despite Calica's non-compliance, Cemex secured further legal relief from Quintana Roo’s authorities. On March 14, 2023, the authorities enforced this relief, allowing Cemex to resume operations at the terminal.

Cemex has unveiled a new brand identity, its first change in over 30 years, to align with its evolution towards sustainable living. The refreshed logo reflects Cemex's commitment to innovation and sustainability, showcasing its ongoing initiatives such as Cement Go and Future in Action, which aim to decarbonize the building materials industry by 2030 and achieve net-zero CO₂ emissions by 2050. CEO Fernando A. González emphasized the importance of sustainable construction. This rebranding is part of Cemex’s strategy to enhance its role in the building materials sector and its focus on digital solutions and urbanization.