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Cemex S.A.B. de C.V. (NYSE: CX) is a leading global building materials company headquartered in San Pedro, near Monterrey, Mexico. Since its foundation, Cemex has established itself as a significant player in the construction industry, with a presence in more than 50 countries. The company is primarily engaged in the production, marketing, sale, and distribution of cement, ready-mix concrete, and aggregates, offering comprehensive building solutions to its customers.
Cemex's core business revolves around providing sustainable and innovative construction materials. The company is committed to reducing its carbon footprint through the use of alternative fuels and raw materials, aligning with global efforts for environmental sustainability. Cemex is at the forefront of the circular economy within the construction value chain, pioneering the recycling of waste materials into productive use.
Recent achievements highlight Cemex's dedication to technological innovation and global partnerships. For instance, Cemex has launched a pilot project with SaverOne 2014 Ltd. in Spain, following a successful deployment in Israel. This initiative aims to enhance transportation safety by installing SaverOne’s advanced safety solutions across Cemex's fleet.
The company's financial condition remains robust, supported by a diverse portfolio and strategic expansions. Cemex continues to invest in digital technologies to enhance customer experience and optimize operations. Its products and solutions cater to growing markets worldwide, driven by a multinational workforce dedicated to meeting customer needs.
Overall, Cemex stands as a cornerstone in the construction materials industry, continuously evolving through innovation, strategic partnerships, and a steadfast commitment to sustainability.
CEMEX has secured US$3.2 million from the U.S. Department of Energy for the Solar MEAD project, aimed at revolutionizing cement production through the use of concentrated solar thermal (CST) energy.
The initiative, in partnership with Sandia National Laboratories and Synhelion, seeks to eliminate fossil fuels in clinker production, a critical step for decarbonization.
Previous achievements include producing the first solar clinker in 2022. The project will enhance heat transfer efficiency and potentially lower costs in the carbon capture process, aligning with CEMEX's commitment to achieving net-zero emissions by 2050.
CEMEX, S.A.B. de C.V. (NYSE: CX) has partnered with Volvo Trucks to introduce the world’s first fully electric heavy concrete mixer truck, showcased in Berlin, Germany. This initiative stems from a 2021 agreement aimed at enhancing productivity and reducing carbon emissions in the construction sector. The Volvo FMX electric truck will operate from the Berlin Spandau ready-mix plant, demonstrating advancements in emissions-free transport. CEMEX aims to reduce CO2 emissions by approximately 47% by 2030 and achieve net-zero emissions by 2050 under its Future in Action program.
CEMEX, S.A.B. de C.V. (NYSE: CX) has launched Regenera, a circularity solutions business focused on waste management, recycling, and coprocessing. It aims to use non-recyclable refuse and industrial byproducts to substitute fossil fuels and raw materials in construction. Regenera serves various clients, including governments and NGOs across multiple regions, with notable projects in Mexico, Colombia, France, and Egypt. With over 20 years of experience in alternative fuels, CEMEX expects Regenera to drive revenue growth. The Urbanization Solutions sector of CEMEX has seen double-digit growth recently, indicating strong performance.
CEMEX has validated its 2030 carbon reduction goals through the Science Based Targets initiative (SBTi), positioning itself among the first in the cement industry aligning with a 1.5ºC climate scenario.
The company aims to become net-zero in CO2 emissions by 2030, demonstrating substantial progress and commitment through its Future in Action program. CEMEX's initiatives are designed to reduce carbon emissions at every stage of the value chain, providing lower-carbon products to customers and playing a pivotal role in combating climate change.
CEMEX has launched CEMEX Ventures Leaplab, an acceleration program aimed at innovative startups tackling construction industry challenges. This 14-week initiative connects startups with CEMEX business units across six countries, offering mentorship and resources to enhance their value propositions in areas like Green Construction and Enhanced Productivity. The program seeks to validate business models quickly, ensuring CEMEX remains at the forefront of construction technology innovations.
CEMEX has partnered with Red Ambiental and Ocean Conservancy to clean Cancun's beaches, utilizing the collected waste as a sustainable alternative fuel for its cement operations. This initiative is part of CEMEX's Future in Action program aimed at achieving carbon neutrality. Ricardo Naya, President of CEMEX Mexico, emphasized their commitment to the circular economy, noting the importance of clean beaches for tourism. The waste collected will reduce CO2 emissions by replacing fossil fuels in cement production, supporting CEMEX's sustainability goals.
CEMEX has announced a commitment to achieve net-zero CO2 emissions by 2050, submitting its Future in Action roadmap to the Science Based Targets initiative for validation. The company aims to align with a more ambitious 1.5º C scenario, moving beyond its previous 2º C goals. CEMEX plans to establish targets for scope 3 emissions and promote its Vertua product line, which includes lower-carbon solutions. The firm emphasizes innovation and sustainability as key components of its strategy in the construction materials industry.
CEMEX has announced the addition of nearly 200 natural gas-powered trucks to its fleet, part of its commitment to decarbonize and achieve net-zero emissions by 2050. This initiative, under the Future in Action program, will replace diesel trucks, reducing carbon emissions by approximately 25%. The trucks are predominantly located in Mexico, with some in Southern California and Colombia. CEMEX aims to lower transport carbon emissions by 20% by 2030, and is collaborating with partners on innovative zero-emission technologies.
CEMEX has partnered with Advent International to enhance the growth of NEORIS, a tech consultancy firm. Advent will acquire a 65% stake in NEORIS, with CEMEX retaining 35%. This strategic partnership aims to bolster NEORIS's capabilities in digital transformation areas such as artificial intelligence and cloud solutions, thereby improving the customer experience at CEMEX. The partnership is expected to finalize in the second half of 2022, pending approvals from antitrust authorities.
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