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    CEMEX CPO   MXP225611567

CEMEX, S.A.B. DE C.V.

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CEMEX B de C : Vertua net-zero concrete conquers the world

06/16/2021 | 07:02pm EDT
Vertua net-zero concrete conquers the world

June 16, 2021

  • The highly climate friendly concrete is being used globally for all kinds of construction projects.

CEMEX, S.A.B. de C.V. ('CEMEX') (NYSE: CX) announced today that Vertua, its net-zero and low-carbon ready-mix concrete, is being accepted by customers worldwide. Vertua concrete is part of CEMEX´s family of net-zero and low carbon products, which also includes cement and aggregates.

For housing projects, office buildings, schools, and warehouses, customers in different countries chose Vertua to achieve industry-low emissions without sacrificing quality or performance. Vertua was used in the following projects:

  • In France, CEMEX delivered concrete for La Marseillaise, a new skyscraper in the city of Marseille. Designed by renowned architect Jean Nouvel, it is located at the heart of the Euroméditerranée site, the biggest urban renovation project in Southern Europe.

  • In Colombia, CEMEX supplied Vertua concrete to the Edificio 978, a mixed-use building and the most recent addition to the Bogota skyline.

  • In Gard, France, local authorities will welcome 720 secondary school students into a new modern and sustainable building in 2022, thanks to Vertua.

  • In Germany, CEMEX supplied Vertua concrete to an apartment building in Geisenhausen, Bavaria.

  • In Mexico, general contractor Construcciones MS built an industrial warehouse for fertilizers totally with Vertua. This facility is located in Manzanillo, the busiest port in the country.

  • CEMEX provided Vertua low carbon concrete for a new office development in the Climate Innovation District in Leeds in the UK.

  • Also, in the UK, Vertua was selected by A J Morrisroe for the Berkeley Group's landmark 250 City Road development. Located in Islington, 250 City Road will be a 36-storey mixed-use tower designed by world renowned architects, Foster + Partners.

CEMEX initially launched the Vertua low CO2 products in France in 2018. Following its success, it is being introduced globally and the company continues the rollout of Vertua during 2021.

Vertua ready-mix concrete is possible thanks to innovative breakthroughs lead by CEMEX's R&D center in Switzerland and is a crucial part of CEMEX's ambition to achieve carbon neutrality as part of its Future in Action program.

CEMEX 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

The content of this press release is for informational purposes only and shall not be construed as advice to invest in CEMEX or elsewhere. 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.

Disclaimer

CEMEX SAB de CV published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 23:01:00 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 14 382 M - -
Net income 2021 1 110 M - -
Net Debt 2021 8 621 M - -
P/E ratio 2021 272x
Yield 2021 -
Capitalization 240 B 11 985 M -
EV / Sales 2021 17,3x
EV / Sales 2022 16,3x
Nbr of Employees 42 304
Free-Float 31,3%
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