Associated tags: Carbon, Building material, Urbanization, CX, CEMEX, Renewable energy, Other Construction & Property, Construction & Property, Manufacturing, CO2, Other Manufacturing, Cemex, Environment, Commercial Building & Real Estate, Professional Services, Knowledge
Locations: LATIN AMERICA, SWITZERLAND, FLORIDA, CHINA, NEW JERSEY, MEXICO, UNITED STATES, CENTRAL AMERICA, NORTH AMERICA, NEW YORK, PHILIPPINES
Cemex and the Mission Possible Partnership collaborate on an analysis of decarbonization levers in partnership with the Bezos Earth Fund.
Key Points:
- Cemex and the Mission Possible Partnership collaborate on an analysis of decarbonization levers in partnership with the Bezos Earth Fund.
- MPP is driving industrial decarbonization across the entire value chain of the world's heaviest-emitting industry and transport sectors, including cement and concrete.
- Cemex is proud to partner with MPP in advancing decarbonization in the cement and concrete sector.
- Through Future in Action, Cemex has achieved record-breaking progress in decarbonization.
Other Energy,
Environment,
Other Construction & Property,
Sustainability,
Energy,
Construction & Property,
Climate Change,
ACT,
Paris Agreement,
Science,
CO2,
WBA,
Climate,
Renewable energy Cemex has been recognized as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark.
Key Points:
- Cemex has been recognized as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark.
- This recognition demonstrates Cemex’s commitment to transitioning to a lower-carbon cement industry, with the aim of becoming a net-zero CO2 company by 2050.
- Cemex achieved the highest score in the overall cement ranking after the WBA assessed the company’s climate performance using industry specific Accelerate Climate Transition (ACT) methodologies, as well as social and just transition indicators.
- “We are proud to achieve the highest score in the 2024 Climate and Energy Benchmark ranking, demonstrating Cemex’s leadership in climate action and social impact,” said Fernando A. González, CEO of Cemex.
Cemex announced today that it has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings.
Key Points:
- Cemex announced today that it has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings.
- This follows S&P Global Ratings’ upgrade announced in March 2024.
- “Achieving investment grade is a milestone for Cemex,” said Fernando A. González, CEO of Cemex.
- Also, Cemex also recently announced the closing of a €750 million bank refinancing as part of its comprehensive financing plan designed to increase liquidity and flexibility.
Retrieved on:
Wednesday, March 13, 2024
Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation.
Key Points:
- Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation.
- “Achieving an investment-grade credit rating from S&P is a very important milestone for Cemex,” said Fernando A. González, CEO of Cemex.
- “While we had record results last year, this rating is recognition of successful execution against our medium-term strategy and consistent financial performance over several years.”
In 2023, Cemex’s EBITDA grew 25%, while Free Cash Flow after maintenance capex more than doubled.
- S&P also upgraded Cemex’s national scale issue-level rating (Mexico) scale to mxAA+ from mxAA.
Retrieved on:
Wednesday, December 20, 2023
Technology,
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Professional Services,
Software,
Networks,
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AWS,
ForeFront Records,
Acquisition,
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Advent International,
AI,
CEMEX,
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IP,
Cloud computing,
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DevOps,
ERP,
Sales ForeFront is to join NEORIS as a wholly-owned U.S.-based subsidiary and looking to accelerate NEORIS’ growth in the U.S. market as well as to spearhead NEORIS’ Salesforce practice worldwide.
Key Points:
- ForeFront is to join NEORIS as a wholly-owned U.S.-based subsidiary and looking to accelerate NEORIS’ growth in the U.S. market as well as to spearhead NEORIS’ Salesforce practice worldwide.
- View the full release here: https://www.businesswire.com/news/home/20231220287045/en/
NEORIS Strengthens Position in U.S. Market with Strategic Acquisition of ForeFront (Photo: Business Wire)
The acquisition of ForeFront is another step toward NEORIS’ goal of strengthening its positioning and accelerating its expansion plans in the U.S. market.
- The strategic partnership between NEORIS and Forefront will aim to revolutionize the digital market and expand the boundaries of innovation.
- "We are excited to welcome the ForeFront team to NEORIS," said Martín Mendez, CEO of NEORIS.
Retrieved on:
Tuesday, December 5, 2023
Other Manufacturing,
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Construction & Property,
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Electric Vehicles,
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Other Construction & Property,
Carbon,
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COP28 This week, during COP28 in Dubai, Cemex unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East.
Key Points:
- This week, during COP28 in Dubai, Cemex unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East.
- View the full release here: https://www.businesswire.com/news/home/20231205492588/en/
Cemex unveiled the first fully electric ready-mix truck in the Middle East during COP28 in Dubai.
- (Photo: Business Wire)
The truck is fully operational and has the capacity to transport a full load of concrete.
- These critical transitional technologies will enable a reduction in carbon emissions in the short term as heavy-duty electric vehicles become viable at scale.
Chemicals,
Plastics,
Automotive Manufacturing,
Construction & Property,
Green Technology,
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Investment,
Volvo Trucks,
Carbon,
CO2,
Multimedia,
Natural gas,
FMC,
COP28,
Transport,
Renewable energy,
Cemex This initiative is part of the company’s flagship Future in Action program to become a net-zero CO2 company by 2050.
Key Points:
- This initiative is part of the company’s flagship Future in Action program to become a net-zero CO2 company by 2050.
- View the full release here: https://www.businesswire.com/news/home/20231204697349/en/
Cemex unveiled a prototype of a fully electric mixer truck and expects to continue introducing and testing new technologies gradually.
- Most recently, at COP28 in Dubai, Cemex unveiled a prototype of a fully electric mixer truck and expects to gradually continue introducing and testing new technologies.
- While fully electric heavy-duty trucks are not yet widely available on an industrial scale, Cemex is actively collaborating with multiple original equipment manufacturers to advance net-zero transportation technologies.
Retrieved on:
Tuesday, October 24, 2023
Other Construction & Property,
Residential Building & Real Estate,
Manufacturing,
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Construction & Property,
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WELL,
BEQ,
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Rise Tower,
LEED,
Multimedia,
Renewable energy,
Anna Vertua Gentile,
Cemex 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.
Key Points:
- 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.
- View the full release here: https://www.businesswire.com/news/home/20231024958083/en/
Rise Tower will be the tallest skyscraper in Latin America and is being built with Cemex´s Vertua concrete.
- 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.
Other Construction & Property,
Construction & Property,
Other Manufacturing,
Manufacturing,
Multimedia,
United Nations,
Global Cement and Concrete Association,
Industrial waste,
Building,
Carbon,
GCCA,
United,
Renewable energy,
Engineered wood,
Management,
Cemex Fernando A. González, CEO of Cemex, has been elected as the new President of the Global Cement and Concrete Association (GCCA).
Key Points:
- Fernando A. González, CEO of Cemex, has been elected as the new President of the Global Cement and Concrete Association (GCCA).
- The GCCA’s members account for 80% of global cement production capacity outside of China and have committed to achieving Net Zero CO2 emissions by 2050.
- View the full release here: https://www.businesswire.com/news/home/20231016461145/en/
Fernando A. Gonzalez, Cemex CEO and new President of the GCCA (Photo: Business Wire)
Mr. González, who has served as GCCA Vice-President since 2018, succeeds outgoing GCCA President Jan Jenisch.
- Promoting building codes and norms that allow the extensive adoption of lower-carbon cement and concrete products.
Chemicals,
Plastics,
Environment,
Manufacturing,
Sustainability,
Alternative Energy,
Green Technology,
Energy,
Sandia National Laboratories,
Partnership,
U.S. Department of Defense Strategy for Operating in Cyberspace,
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Carbon,
Clinker,
US,
Fossil,
Solar energy,
Entrepreneurship,
Corporate social responsibility,
U.S. Department of Energy, Office of Inspector General,
CO2,
Boston College Center for Work and Family,
Renewable energy,
Pharmaceutical industry,
Cement,
Cemex Cemex and Synhelion announced today a significant milestone in their joint effort to develop fully solar-driven cement production: the scaling of their technology to industrially-viable levels.
Key Points:
- Cemex and Synhelion announced today a significant milestone in their joint effort to develop fully solar-driven cement production: the scaling of their technology to industrially-viable levels.
- This includes the continuous production of clinker, the most energy-intensive part of cement manufacturing, using only solar heat.
- Cemex and Synhelion will now take further steps toward building a solar-driven industrial-scale pilot cement plant.
- “I am convinced we are getting closer to the technologies that will enable net-zero CO2 cement and concrete production,” said Fernando A. González, CEO of Cemex.
