Grupo Cementos de Chihuahua, S.A.B. de C.V. Signs Long-Term Agreement with Renewable Energy Supplier for its Mexico Operations
December 17, 2019 at 04:30 pm EST
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Grupo Cementos de Chihuahua, S.A.B. de C.V. announced that it has signed a long-term agreement with a leading Mexico-based energy supplier of solar energy for the Company’s Mexico operations, including GCC’s Juarez cement plant, ready mix and aggregates operations and to GCC’s corporate offices. This agreement covers approximately 20% of the total electricity consumed at the Company's Mexico operations. The 15-year agreement takes effect beginning January 2021 and represents a significant decrease from current electricity costs for these operations, translating into roughly $2.5 million in annual savings as well as reducing CO2 by ~21,000 metric tons; equivalent to around 4,600 passenger vehicles driven for a year based on a U.S. Environmental Protection Agency estimate. Today’s announcement, the second renewable energy agreement signed by the Company in 2019, is a further reflection of GCC's unwavering commitment to clean energy at both its Mexico and U.S. operations; reducing overall energy costs while successfully mitigating related price fluctuation. GCC remains focused on implementing global best practices related to sustainability throughout the organization while further strengthening the Company’s overall profitability.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
