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    CEMEX CPO   MXP225611567

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

(CEMEX CPO)
  Report
End-of-day quote Mexican Stock Exchange  -  2023-01-30
10.04 MXN   +1.01%
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Mexico's Cemex to Assist Construction Technology Startups

11/01/2022 | 10:00am EST

By Anthony Harrup


MEXICO CITY--Mexican construction materials company Cemex SAB is making its facilities and experts available to promising construction technology startups to speed up development of innovations for the industry.

Under Leaplab, venture capital unit Cemex Ventures will connect startups with Cemex facilities in six countries, providing advice and real-world experience, the company said.

The focus is on developers using artificial intelligence to further ecologically friendly construction, efficiency, supply-chain issues and innovation.

"Piloting, testing, and scaling in the construction industry can be costly and time consuming. Barriers to entry can stunt promising ideas before they have a chance to prove their value," Cemex said.

Leaplab will begin operations with seven three-month pilot programs in Mexico, the U.S., Israel, the U.K., Spain and Colombia, Cemex said. The pilots involve artificial intelligence and machine learning in cement, concrete, aggregates and supply-chain operations.

The program offers startups quick validation of their business models, while giving Cemex early access to those with high potential, some of which could eventually become partners or suppliers, Cemex said.


Write to Anthony Harrup at anthony.harrup@wsj.com


(END) Dow Jones Newswires

11-01-22 1059ET

Stocks mentioned in the article
ChangeLast1st jan.
CEMEX LATAM HOLDINGS, S.A. 0.00% 5500 End-of-day quote.0.00%
CEMEX, S.A.B. DE C.V. 1.01% 10.04 End-of-day quote.27.41%
NASDAQ COLOMBIA 0.46% 301.641782 Real-time Quote.3.29%
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Analyst Recommendations on CEMEX, S.A.B. DE C.V.
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Financials (USD)
Sales 2022 15 765 M - -
Net income 2022 910 M - -
Net Debt 2022 7 740 M - -
P/E ratio 2022 1,74x
Yield 2022 -
Capitalization 7 737 M 7 737 M -
EV / Sales 2022 0,98x
EV / Sales 2023 0,92x
Nbr of Employees 43 864
Free-Float 31,8%
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Technical analysis trends CEMEX, S.A.B. DE C.V.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 0,53 $
Average target price 0,65 $
Spread / Average Target 22,4%
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Managers and Directors
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Maher Al-Haffar CFO, Executive VP-Finance & Administration
Rogelio Zambrano Lozano Executive Chairman
Armando Jorge García Segovia Independent Director
Rodolfo García Muriel Independent Director
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