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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.
Energy Vault, Inc. has announced a $50 million licensing deal with Atlas Renewable LLC and a $200 million upsized PIPE to fund its business combination with Novus Capital Corporation II (NYSE: NXU). The agreement, marking a first-of-its-kind partnership for gravity-based energy storage between a U.S. and Chinese firm, will support renewable energy projects in China. The initial deployment of a 100MWh energy storage system is set for 2022 in Jiangsu Province. The funds will ensure sufficient cash for the business combination, crucial for Energy Vault's expansion and sustainability efforts.
CEMEX has acquired sustainable waste management company Broquers Ambiental in Mexico as part of its Future in Action program aimed at achieving carbon neutrality. This acquisition will enable CEMEX to enhance its waste-to-fuel operations, currently processing over 500,000 tons of waste annually and avoiding the emission of more than 730,000 tons of CO2. Broquers plans to increase its workforce by 50 employees to expand its capacity, contributing to sustainability in Queretaro. The initiative aligns with CEMEX's goal of promoting a circular economy and reducing fossil fuel reliance.
Energy Vault, Inc. announces an upsized PIPE investment from $100 million to $150 million alongside a merger with Novus Capital Corporation II (NYSE:NXU). A strategic partnership with Korea Zinc's Sun Metals aims for a decarbonization plan, utilizing Energy Vault’s energy storage technology. The deal is expected to enhance deal certainty and support Energy Vault's growth initiatives. Sun Metals targets 100% renewable power by 2040. The business combination is anticipated to close in Q1 2022, subject to regulatory approvals.
CEMEX, S.A.B. de C.V. (NYSE: CX) announced that its 2030 global carbon emissions targets have been validated by the Science Based Targets initiative (SBTi). These targets aim for a 40% reduction in net GHG direct emissions from a 1990 baseline and a 42% reduction in indirect electricity emissions by 2030. CEMEX's Future in Action program supports this goal, targeting below 475 kg CO2 emissions per ton of cement and increasing clean electricity consumption from 29% to 55% by 2030.
CEMEX (NYSE: CX) has officially joined the Business Ambition for 1.5°C commitment by the We Mean Business Coalition and the UN Global Compact, as part of The Race to Zero Campaign. This commitment aligns with CEMEX's goal to achieve carbon neutrality by 2050 through its Future in Action program. The company aims to limit its CO2 emissions to below 475 Kg per ton of cementitious product by 2030. CEO Fernando A. González emphasized the importance of collaborative climate solutions and encouraged other organizations to participate in these efforts.
CEMEX has recognized female leadership through the Mujer Construrama event, underscoring its commitment to gender equality. This year, 320 women from its Construrama network participated in virtual workshops and conferences designed for their professional growth. Notably, women lead about 30% of Construrama's 2,100 stores. CEMEX is a signatory of the UN Women's Empowerment Principles, promoting equality in various sectors. With a focus on sustainable practices and enhanced services, CEMEX continues to support the development of women in the construction industry.
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