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Cemex S.A.B. de C.V. issues company news about its global construction materials business, including cement, ready-mix concrete, aggregates, urbanization solutions, and related services across Mexico, the United States, EMEA, and South, Central America and the Caribbean.
Recurring updates cover operating and financial results, material agreements, capital-structure matters, shareholder votes, governance, and senior leadership changes. Company news also addresses sustainability reporting, climate disclosure, circular-economy initiatives, alternative raw materials and energy use, and decarbonization technologies such as concentrated solar power for clinker production.
Cemex has been recognized as the industry's top-scoring company in the World Benchmarking Alliance's 2024 Climate and Energy Benchmark, showcasing its commitment to transitioning to a lower-carbon future and aiming to be a net-zero CO2 company by 2050. The company achieved the highest score in the cement industry ranking, reflecting its dedication to climate action and social impact.
Cemex has been upgraded to investment grade by Fitch Ratings, achieving BBB- status. This follows an earlier upgrade by S&P Global Ratings. The CEO sees this as a significant milestone, highlighting the company's strategic execution and cost optimization to enhance financial flexibility. Recent developments include the divestment of operations in the Philippines and a successful bank refinancing.
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