An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Vertua Low-Carbon to Account for Majority of Cement and Concrete Sales By 2025
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
CEMEX, a leader in construction materials, has set an ambitious target to achieve over 50% of its cement and concrete sales from Vertua low-carbon products by 2025. This initiative aims to support the transition towards a net-zero carbon future, with Vertua products showing a CO2 reduction of at least 25% compared to traditional options. The company's products have seen significant global adoption, accounting for 34% of cement sales in Q1 2022, almost doubling year-over-year. CEMEX emphasizes its commitment to sustainability and the circular economy.
Positive
CEMEX targets over 50% Vertua product sales by 2025, promoting sustainability.
Vertua products show a 25% CO2 reduction compared to traditional cement.
34% of total cement sales came from Vertua products in Q1 2022, indicating strong customer demand.
Negative
None.
CEMEX establishes aggressive 2025 goal for Vertua cement and concrete sales.
Growth in Vertua cement and concrete volumes reflecting significant customer adoption.
Customers around the world using Vertua products for landmark projects.
MONTERREY, Mexico--(BUSINESS WIRE)--
CEMEX, S.A.B. de C.V. (“CEMEX) announced today that it is setting an ambitious goal for its Vertua low-carbon cement and concrete products of reaching more than half of all cement and concrete sales by 2025.
Vertua cement and concrete play an important role in the transition of the built environment to a net-zero world, meeting customer needs through low-carbon products without compromising performance. The development and customer acceptance of Vertua low-carbon products serves as an important milestone in CEMEX´s journey to become a net-zero CO2 company by 2050.
“The ultimate objective of our Future in Action program is to provide our customers with net-zero carbon products and solutions,” said Fernando A. Gonzalez, CEO of CEMEX. "Our Vertua products are an important step in this direction, designed to meet society’s demand for resilient and long-lasting buildings and infrastructure built with a lower carbon footprint.”
Vertua products have a CO2 reduction of at least 25% versus traditional cements. In concrete, the CO2 reduction ranges from 30% up to a full net-zero option.
After a successful global launch in 2020, Vertua products have been widely accepted by customers worldwide. Vertua cement and concrete accounted for 34% and 31% of total sales, respectively in the first quarter of 2022, almost double the prior year. This adoption rate speaks to strong customer demand for low-carbon products.
Vertua concrete has already been used in landmark projects around the world like La Marseillaise, a new skyscraper in Marseille; as well as in the new HS2 high-speed railway in London; the Querétaro-Irapuato highway in Mexico; the new San Diego State University stadium in California; and the Pereira shopping center in Colombia, among many others.
Vertua cement and concrete have been rolled out in Colombia, Croatia, the Czech Republic, the Dominican Republic, Egypt, France, Germany, Guatemala, Mexico, Panama, the Philippines, Poland, Puerto Rico, Spain, the US, the UK, and the United Arab Emirates.
CEMEX (NYSE: CX) 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 use 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: cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release. 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. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. 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. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
