Cemex directors have appointed Jaime Muguiro to replace retiring CEO Fernando González, a 35-year veteran of the global cement, aggregate and concrete producer, effective April 2025. “In over a decade as CEO, Fernando has led Cemex to great success, and he will leave us with a company that is an industry leader in sustainability, innovation, and digitalization to better serve…
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Cemex Reports Record Net Income
Cemex reported its fourth quarter and full-year 2024 results, with net income of $939 million, a record in the company’s recent history. Net sales decreased by 1% to $16,200 million in 2024 and remained flat at $3,811 million in the fourth quarter. Cemex launched “Project Cutting Edge”, a three-year, $350 million saving initiative to streamline operations and improve efficiency, heavily…
Read MoreNurturing the Community
Cemex Supports Area Youth, From the Disabled To the Homeless To Military Children, Through Its Community Outreach Programs. By Therese Dunphy Building partnerships with organizations that support those in need has been an ongoing focus in Cemex’s Southwest region, explained Deborah Wells, director of public affairs, communications & social impact. Through an assortment of partnerships managed by Bri Kaites, community…
Read MoreCemex Secures Funding for Lower-Emission Vehicle Replacements
Cemex announced its participation in multiple government-sponsored sustainability initiatives, securing funding from state and federal programs to deploy several lower-emission vehicles across its U.S. footprint. This investment is a crucial step in the company’s ongoing efforts to decarbonize its operations, the company stated.
Read MoreCemex U.S. Sales Decline 4% in Third Quarter
Cemex reported third-quarter results, achieving an EBITDA of $747 million and net sales of $4.09 billion in a period impacted by adverse weather conditions in all its markets and significant foreign exchange movements.
Read MoreCemex Named to Texan by Nature Top 20 List
Texan by Nature (TxN), a Texas-led conservation non-profit, announced 20 honorees of the sixth annual Texan by Nature 20 (TxN 20) – an official ranking of companies with Texas operations that have made a demonstrative commitment to conservation. Cemex was one of the companies on this year’s list. The TxN 20 recognizes the best and most innovative work in conservation…
Read MoreCemex Included on Fortune’s 2024 Change the World List
Cemex was included in Fortune’s 2024 Change the World list. The list, selected by Fortune reporters and editors from a list of about 250 companies, showcases businesses that are having a positive social impact through activities that are part of their core business strategy. Cemex is receiving this distinction for the fourth time. Fortune recognized Cemex’s work with VeryNile in…
Read MorePublicly Traded Companies
Here Are The Latest Reports From Publicly Traded Aggregates Companies, In Alphabetical Order. ArcosaArcosa has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corp. and its affiliated entities for $1.2 billion in cash, subject to customary post-closing adjustments. Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the…
Read MoreScouts and Mining
Cemex’s FEC And Brooksville Quarries Help Boy Scouts Earn Their Geology And Mining And Society Merit Badges. By Therese Dunphy For the better part of a decade, Boy Scouts in Florida have had the opportunity to earn one of the Boy Scouts of America’s more difficult merit badges to attain: Mining and Society. This badge can be challenging to earn…
Read MoreCalCIMA on Tour
Sept. 6, 2024 – Politicians need to see plants. To that end, California Construction and Industrial Minerals Association (CalCIMA) teamed with Assembly member Juan Carrillo for a tour of member facilities in Assembly District 39 (Palmdale). Participants talked about innovations in decarbonization, sustainability, distance matters, impacts of policies like Joshua Tree on the cost of public infrastructure, and mineral availability. In…
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