Cemex news

Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.

Three of four regions, markets accounting for 90% of consolidated EBITDA, experienced a combined growth rate of 15%.

The refinancing agreement extends the final maturity of existing €450 million Term Loan to 2029 and increases facility size by €300 million through a new Revolving Credit Facility maturing in 2028.

Cemex presents operational and sustainability highlights in its 2023 Integrated Report.

Cemex expects to accelerate growth in the US, lead profitable decarbonisation in Europe, leverage leading position in Mexico, and scale its fast-growing Urbanisation Solutions business.

Cemex has entered into a collaboration with specialised energy transition infrastructure investor and manager White Summit Capital.

Rating agency Standard & Poor’s (S&P) announced that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-).

This is a new smart technology set to revolutionise the on-site concrete curing process.

The company has developed an approach designed to decrease CO2 emissions in cement production by reducing the size of clinker particles.

Cemex has invested in an improvement programme on the site at its Raynes Quarry, in Conwy, North Wales.