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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  CEMEX, S.A.B. de C.V.    CEMEX CPO   MXP225611567

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

(CEMEX CPO)
  Report
End-of-day quote. End-of-day quote Mexican Stock Exchange - 11/26
9.29 MXN   -1.38%
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CEMEX B de C : to Offer Vertua® Net-Zero CO2 Concrete Worldwide

10/26/2020 | 07:31am EST

  • Vertua® is a milestone towards carbon-neutral construction becoming a reality.
  • CEMEX already successfully supplied Vertua® to key projects in Europe.

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that Vertua®, its first-ever net-zero carbon concrete, will soon be available in its major markets worldwide after a successful launch in Europe.

Vertua®, a family of products that ranges from low carbon to the first net-zero CO2 concrete in the market, places CEMEX at the forefront of the building materials industry’s efforts to mitigate climate change.

“We believe that climate change is one of the biggest challenges of our time, and we are committed to doing our part to address it. Vertua® is clear evidence that we can transition to a carbon-neutral economy, where concrete is an essential component in the development of climate-friendly urban projects, sustainable buildings, and resilient infrastructure,” said Fernando A. Gonzalez, CEO of CEMEX.

Customers in several European countries are using Vertua® in flagship infrastructure projects and many climate-friendly building projects, reducing their construction CO2 footprint significantly.

Vertua® net-zero carbon concrete is possible due to an innovative geopolymer binder solution created by CEMEX’s Research and Development Center in Switzerland. This solution has a reduced carbon footprint of up to 70% without sacrificing performance. The compensation of the remaining CO2 is achieved by participating in reforestation projects, among other initiatives.

Early this year, CEMEX announced its Climate Action strategy, defining a global target of a 35% reduction of CO2 emissions per ton of cementitious products by 2030. Additionally, it is the industry's first company to target a CO2 reduction in its European operations of at least 55% by 2030. To complement this strategy with a longer-term vision, CEMEX also established an ambition to deliver net-zero CO2 in all its concretes globally by 2050.

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.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.


© Business Wire 2020
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Financials (USD)
Sales 2020 12 662 M - -
Net income 2020 -981 M - -
Net Debt 2020 10 042 M - -
P/E ratio 2020 -4,65x
Yield 2020 -
Capitalization 6 834 M 6 790 M -
EV / Sales 2020 1,33x
EV / Sales 2021 1,24x
Nbr of Employees 40 140
Free-Float 31,3%
Chart CEMEX, S.A.B. DE C.V.
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CEMEX, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends CEMEX, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 0,45 $
Last Close Price 0,46 $
Spread / Highest target 12,1%
Spread / Average Target -3,15%
Spread / Lowest Target -23,6%
EPS Revisions
Managers
NameTitle
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Rogelio Zambrano Lozano Executive Chairman
Maher Al-Haffar Executive Vice President-Finance & Administration
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CEMEX, S.A.B. DE C.V.31.21%6 821
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VULCAN MATERIALS COMPANY-1.15%18 860
ULTRATECH CEMENT LIMITED18.68%18 708
MARTIN MARIETTA MATERIALS, INC-3.09%16 877
HEIDELBERGCEMENT AG-6.87%14 352