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    CEMEX CPO   MXP225611567

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

(CEMEX CPO)
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CEMEX B de C : supplies newest resort, tallest building in Downtown Las Vegas

05/27/2021 | 01:24pm EDT
CEMEX supplies newest resort, tallest building in Downtown Las Vegas

May 27, 2021

  • CEMEX delivered approximately 65,000 cubic meters (85,000 cubic yards) of concrete for new Circa Resort & Casino.

CEMEX, S.A.B. de C.V. ('CEMEX') (NYSE: CX) announced today it supplied more than 65,000 cubic meters (85,000 cubic yards) of ready mix concrete to support the construction of the newly-opened Circa Resort & Casino, the tallest building in Downtown Las Vegas, Nev., and the first new resort property to open in downtown in more than 40 years.

CEMEX ready-mix operations across Las Vegas began delivering concrete for the project in 2019, supporting the efforts of General Contactor McCarthy Building Companies, Inc., to build the approximately 150-meter high (500-foot,) 35-story resort. Circa Resort & Casino is located on the historic Fremont Street in Las Vegas, so throughout construction, CEMEX crews had to successfully and safely navigate through heavy traffic and crowds to deliver on a tight schedule. CEMEX mixer trucks delivered an average of 30 loads of ready-mix concrete per day.

'CEMEX's operations are growing in Las Vegas, and our ability to help fuel large and iconic projects like Circa Resort & Casino speaks to the strength of our operations and supply chain throughout the southwestern United States,' said Jaime Muguiro, CEMEX USA President. 'We are proud to have supplied the high-quality materials for a marquee destination that is expected to be a tourist attraction for years to come.'

The new Circa Resort & Casino opened in Las Vegas in October 2020. The resort boasts 777 hotel rooms, six bars and lounges, six temperature-controlled swimming pools that have an overall capacity of 4,000 people as well as the world's largest sportsbook with seating for 1,000 people and a three-story high-definition screen.

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

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.

Disclaimer

CEMEX SAB de CV published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 17:23:01 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 13,5x
Yield 2021 -
Capitalization 11 940 M 11 885 M -
EV / Sales 2021 1,43x
EV / Sales 2022 1,30x
Nbr of Employees 42 304
Free-Float 31,3%
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Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Maher Al-Haffar CFO, Executive VP-Finance & Administration
Rogelio Zambrano Lozano Executive Chairman
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
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