Tallest tower in Latin America built with Cemex’s Vertua lower-carbon concrete

Rhea-AI Summary

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.

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• Cemex brings vast experience in sustainable construction, providing lower-carbon building materials, lower-waste practices, and zero use of potable water in concrete production. Rise Tower will seek LEED, WELL, Green Globes, bEQ, and NMX-164 certifications. Cemex will provide a special concrete pouring system to reach high altitudes, offering high-strength products and advanced technologies to provide the highest levels of safety, promptness, consistency, and efficiency. Rise Tower is part of a complex that integrates several mixed-use areas, including residential and office spaces, a hotel, stores, and green areas. Cemex’s Vertua family of products offers a specialized portfolio of sustainable, high-quality construction products through its five specific and measurable attributes: lower-carbon, energy efficiency, water conservation, recycled materials, and design optimization. Vertua is a part of Cemex’s Future in Action program, which focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company by 2050.

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MONTERREY, Mexico--(BUSINESS WIRE)-- 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 at a height of 475 meters and 100 stories.

Rise Tower will be the tallest skyscraper in Latin America and is being built with Cemex´s Vertua concrete. (Photo: Business Wire)

Led by the renowned real estate developer Inmobiliaria Ancore, this project aims to achieve the highest standards of sustainable construction and become the tower with the most environmental certifications in Mexico. Rise Tower will seek LEED, WELL, Green Globes, bEQ, and NMX-164 certifications.

“We’re honored to be working on a project that will establish the new standard for sustainable high-rise construction in Latin America,” said Ricardo Naya, President of Cemex Mexico. “Cemex brings vast experience in sustainable construction, providing lower-carbon building materials, lower-waste practices, and zero use of potable water in our concrete production.”

Given the magnitude of the project, Cemex will provide a special concrete pouring system to reach high altitudes, offering high-strength products and advanced technologies to provide the highest levels of safety, promptness, consistency, and efficiency.

Helping to address the city’s environmental challenges, Cemex has eliminated the use of potable water in its concrete production, and it is prioritizing sustainable construction practices for the building’s construction. Rise Tower, expected to be completed in 2026, is part of a complex that integrates several mixed-use areas, including residential and office spaces, a hotel, stores, and green areas.

Cemex’s Vertua family of products offers a specialized portfolio of sustainable, high-quality construction products through its five specific and measurable attributes: lower-carbon, energy efficiency, water conservation, recycled materials, and design optimization. Vertua is a part of Cemex’s Future in Action program, which focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company by 2050.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex’s most recent annual report and detailed from time to time in CEMEX’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations, expected results, and/or the project referred herein not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024958083/en/

Analyst and Investor Relations - Monterrey

Fabián Orta

+52 (81) 8888-4327

ir@cemex.com



Analyst and Investor Relations - New York

Scott Pollak

+1 (212) 317-6011

ir@cemex.com



Media Relations

Jorge Pérez

+52 (81) 8259-6666

jorgeluis.perez@cemex.com

Source: Cemex

FAQ

What certifications will Rise Tower seek?

Rise Tower will seek LEED, WELL, Green Globes, bEQ, and NMX-164 certifications.

What is Cemex's role in the project?

Cemex is supplying a specialty mix of Vertua concrete products for the construction of Rise Tower.

What are the attributes of Cemex's Vertua family of products?

Cemex's Vertua family of products offers lower-carbon, energy efficiency, water conservation, recycled materials, and design optimization attributes.

What is Cemex's Future in Action program?

Cemex's Future in Action program focuses on achieving sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company by 2050.

When is Rise Tower expected to be completed?

Rise Tower is expected to be completed in 2026.