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GCC signs long term agreement with renewable energy supplier for Odessa, Texas cement plant

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World Cement,

Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, a supplier and producer of cement and concrete in the United States, Mexico and Canada today announced that it has signed a long-term agreement with a leading US-based energy provider to supply solar and wind power to GCC’s Odessa, Texas cement plant, thereby covering 100% of the electricity consumed at these operations. Resulting in a reduction of approximately 45 000 metric tons of CO2, annually; equivalent to around 9500 passenger vehicles driven for a year, based on the US Environmental Protection Agency estimate.

The 10-year fixed-price agreement takes effect beginning July 2022 and represents a ~22% decrease from the current electricity price for the Odessa plant, translating into ~US$4.6 million in total savings for this period.

Today’s announcement is further reflection of GCC´s unwavering commitment to the use of clean energy at both its Mexico and US 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.

About GCC

GCC is a leading supplier and producer of cement, concrete, aggregates, and construction-related services in the United States, Mexico and Canada, with an annual cement production capacity of 5.8 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC.

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