CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has completed the acquisition of a 53% stake in German aggregates company ProStein.
Fitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of CEMEX, S.A.B. de C.V. (CEMEX) to 'BB+' from 'BB', its senior unsecured notes to 'BB+' from 'BB', and its subordinated hybrid issuance to 'BB-' from 'B+'.
CEMEX, S.A.B. de C.V. and its partners have announced the inauguration of the Carbon Neutral Alliance, which aims to accelerate the development of innovative technologies designed to transform CEMEX’s Rüdersdorf plant into the first carbon-neutral cement facility by 2030.
CEMEX has announced that CEMEX Ventures, its corporate venture capital and open innovation unit, is increasing its investment in Carbon Clean.
For the fourth consecutive year, the company has been named US EPA ENERGY STAR Partner of the Year for its longstanding efforts in energy management and sustainability.
The growth was led by a 12% increase in cement prices in like-to-like terms, 8% in ready-mix, and 7% in aggregates, with all regions contributing to pricing gains.
This investment will increase production capacity by one-third and allow CEMEX Dominicana to serve its customers better in high-growth markets in the Caribbean.
CEMEX has announced that it has successfully tested a process that converts flue gases emitted by the cement kiln into carbon nanomaterials, thereby transforming 'bad' carbon into 'good' carbon.
The company is joining forces with integrated chemicals and energy company Sasol ecoFT and renewable energy company ENERTRAG in a project that will combine CO2 with hydrogen to produce sustainable aviation fuel.