Cemex reported 2023 results, with an 8% growth in sales to $17,416 million in 2023, and 5% to $4,243 million in the fourth quarter. This performance, coupled with the board’s confidence in the medium-term outlook and strong free cash flow generation over the last few years, allows Cemex to initiate a formal shareholder return program, subject to approval at the…
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Cemex Touts 1,000 Low-Carbon Trucks
Cemex announced that it now has more than 1,000 heavy-duty trucks powered with lower-carbon fuels as part of a comprehensive transition strategy seeking to decarbonize its global fleet. This initiative is part of the company’s flagship Future in Action program to become a net-zero CO2 company by 2050. Cemex has made significant investments over the last two years in heavy-duty…
Read MoreCemex U.S. Sales Up 5% in Third Quarter
Cemex reported another quarter of growth, with a 9% increase in sales and 32% increase in EBITDA in the third quarter of 2023. For the first time since the launch of Cemex’s pricing strategy in 2021, designed to regain profitability after a surge in input cost inflation, quarterly EBITDA margin exceeded its goal of recovering 2021 margins, the company stated.…
Read MoreCemex U.S. Business Up 10% in Second Quarter
Cemex reported second quarter 2023 results, with a net sales increase of 10% resulting in revenues of $4.566 billion. Net profit came in at $272 million, up 2% from the year-ago quarter. Cemex said it is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Cemex’s operations in the United States reported a…
Read MoreBuilding Partner Relationships
In Arizona, CEMEX’s West Region Is Identifying Community Partners And Building Relationships With Key Organizations. By Therese Dunphy Sometimes, a fresh perspective can lead to exciting new prospects for community outreach. Such was the case in 2020, when CEMEX split its West region into two groups. The move brought in a new president for the Arizona region, David Nabavi, who…
Read MoreCemex Receives Wildlife Habitat Council Recognition
Cemex announced its recent recognition from the Wildlife Habitat Council (WHC) for its outstanding commitment to environmental conservation programs across 10 locations worldwide.
Read MoreMexican Government Again Seizes Private Property
The Mexican government sent in marines to take over part of a private railway line in southern Mexico, according to an AP report. It marked the second time this year that President Andrés Manuel López Obrador’s administration has seized ports or rail lines from private companies. In March, police and soldiers stormed in to seize a Caribbean coast seaport owned by…
Read MoreCEMEX U.S. Operations Up 5% in First Quarter
CEMEX reported net sales increased 9% to $4,036 million in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation and contributions from the company’s growth investments and the Urbanization Solutions business, the company stated. CEMEX said its operations in the United States achieved a net sales increase of 5% to $1,255 million despite…
Read MoreNSSGA’s Young Leaders Features Mark S. Walsh Award
The National Stone, Sand & Gravel Association (NSSGA) met in Fort Lauderdale, Fla., to convene its Young Leaders Annual Meeting. NSSGA’s Young Leaders is a group of aggregates professionals, age 40 and under, who are committed to growing in their professional development and establishing a strong network within the industry. The annual meeting, held from April 23-26, attracted a record…
Read MoreVulcan, CEMEX Reportedly Reach Agreement on Disputed Port Facility in Mexico
CEMEX has reportedly reached a temporary deal to use Vulcan Materials Co.’s port facilities at Punta Venado in Playa del Carmen, Mexico, potentially defusing a legal battle that recently became a flashpoint for U.S.-Mexico relations. The companies are still working on a long-term agreement, according to CEMEX spokesman Jorge Perez. “Vulcan owns the four parcels of property that make up its…
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