Skip to main content

Cemex obtains 'green' financing from IFC

World Cement,

Cemex, S.A.B. de C.V. has announced that the International Finance Corporation will grant Cemex a loan of approximately €106 million to support Cemex’s sustainable investment programs in emerging markets.

After a thorough assessment of Cemex’s environmental, governance and social practices, the IFC will grant Cemex funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by Cemex. Approximately 60% of the funds will be allocated for projects related to the reduction of Cemex’s greenhouse gas emissions, while the remainder of the funds will be allocated to cover improvements to Cemex’s overall air emission controls.

“IFC’s support underscores and validates Cemex’s sustainability efforts and vision,” said Fernando A. Gonzalez, CEO of Cemex. “We are very proud and encouraged by this relationship, and we continue to seek opportunities for further collaboration.”

“IFC’s financing to Cemex sustainable programs is part of our commitment to invest in critical climate-smart solutions across emerging markets,” said Liz Bronder, IFC Director for Latin America and the Caribbean. “We are encouraged by Cemex’s innovative initiatives and look forward to the company’s leadership expanding the climate change agenda among global key players”.

The IFC is joining Cemex’s facilities agreement dated 29 September 2014, as amended and restated maturing in 2020. This transaction increases the currently outstanding commitments under the Credit Agreement by approximately €106 million and diversifies Cemex’s sources of funding.

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets.

Read the article online at:

You might also like


Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):