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 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.
CEMEX, through its subsidiary Pro Ambiente, participated in the "United for the Mexican Beaches" initiative, conducting a beach cleanup at La Ventanilla Beach in Oaxaca. In June, volunteers collected over 50,000 plastic bottles along a five-kilometer stretch of coastline, promoting both ecological health and recycling efforts. The collected waste will be treated for energy recycling in a CEMEX cement kiln, contributing to carbon emission reductions. Pro Ambiente aims to enhance waste management and support a circular economy, aligning with CEMEX's commitment to achieving net-zero carbon emissions by 2050.
CEMEX recently inaugurated the Carbon Neutral Alliance, aiming to transform its Rüdersdorf plant into the first carbon-neutral cement facility by 2030. This initiative is part of CEMEX's broader climate action program, Future in Action, which targets a 40% reduction in carbon emissions worldwide by 2030 and 55% in Europe, aligning with EU goals. The alliance includes over 20 partners focusing on innovative technologies, including waste heat recovery and sustainable aviation fuel production, reinforcing CEMEX's commitment to decarbonization.
CEMEX has inaugurated its Climafuel facility at the Rugby cement plant in the UK, a key investment aimed at eliminating fossil fuel usage and transitioning to 100% alternative fuels. This facility is projected to save carbon emissions equivalent to over 135,000 cars annually. CEMEX leads with a goal of 55% emissions reduction in Europe by 2030, and is on track for a 40% reduction this year. The investment aligns with the company’s Future in Action strategy to achieve net-zero CO2 concrete by 2050.
