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CEMEX S.A.B. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near
Monterrey Monterrey ( , ) is the capital and largest city of the northeastern state of Nuevo León, Mexico, and the third largest city in Mexico behind Guadalajara and Mexico City. Located at the foothills of the Sierra Madre Oriental, the city is ancho ...
,
Mexico Mexico ( Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guate ...
. It manufactures and distributes
cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggregate) together. Cement m ...
, ready-mix concrete and aggregates in more than 50 countries. In 2020 it was ranked as the 5th largest cement company (by amount of cement produced annually) in the world, at 87.09 million tonnes. Lorenzo Zambrano was the chairman and
chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
until his death on May 21, 2014. The Board of Directors named Rogelio Zambrano Lozano as chairman, and Fernando A. Gonzalez as CEO. About a quarter of the company's sales come from its Mexico operations, a third from its plants in the U.S., 30% from its operations in Europe, North Africa, the Middle East and Asia, and the rest from its other plants around the world. CEMEX currently operates on four continents, with 64 cement plants, 1,348 ready-mix-concrete facilities, 246 quarries, 269 distribution centers and 68 marine terminals. In the 2021
Forbes Global 2000 The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...
, Cemex was ranked as the 1178th -largest public company in the world with over US$13 billion in annual sales. The company's world headquarters are in San Pedro Garza García, a city that is part of the Monterrey metropolitan area in the northeastern Mexican state of Nuevo León. Corporate World Headquarters - Company's website
Retrieved February 10, 2009.
Corporate Headquarters according to Company's Website world locations map
Retrieved February 10, 2009.

onterrey, Mexico, 140 miles south of the Texas border Retrieved February 10, 2009.
Cemex Corporate World Headquarters situated in San Pedro Garza Garcia, Mexico, per Linkedin
Retrieved February 10, 2009.


History

CEMEX was founded with the opening of Cementos Hidalgo, in 1906. Meanwhile, Cementos Portland Monterrey began operations in 1920, and in 1931, the two companies merged, becoming Cementos Mexicanos, now CEMEX. In the 1960s, CEMEX grew significantly when it acquired several more plants throughout Mexico. In 1976, the company went public on the Mexican stock exchange, and that same year, became the largest cement producer in Mexico with the purchase of three plants from Cementos Guadalajara. In 1982, the company made significant progress in overseas markets, doubling its exports. Further acquisitions of Mexican cement companies were made in 1987 and 1989, making CEMEX one of the ten largest cement companies in the world. In 2004, CEMEX received the Wharton Infosys Business Transformation Award for their creative and efficient use of information technology.


Internationalization, 1990–2006

In 1992, CEMEX began its push into the international landscape with the purchase of Spain's two largest cement companies, Valenciana de Cementos (Valcem, currently head of CEMEX Spain) and Cementos SANSON.
Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in ...
's largest cement company, VENCEMOS, was acquired by CEMEX in 1994, and plants were purchased the same year in the United States and in
Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...
. In 1995 CEMEX acquired a cement company in the
Dominican Republic The Dominican Republic ( ; es, República Dominicana, ) is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with ...
, and with the purchase of a majority stake in a Colombian cement company in 1996, CEMEX became the third largest cement company in the world. In 1997–1999, the company expanded its scope to include Asia and Africa, making major purchases in the
Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
,
Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
and
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Med ...
, as well as Costa Rica. The acquisition of U.S. based Southdown made CEMEX the largest cement company in North America, and further international purchases were made in the following two years—a Thai company in 2001, and in 2002, a Puerto Rican company. On March 1, 2005, CEMEX completed its $5.8 billion acquisition of the London-based RMC Group, which made CEMEX the worldwide leader in ready-mix concrete production and increased its exposure to European markets. With the acquisition, the company expected its annual cement production to increase to 97 million tons. Also they had hoped to see its annual sales grow to $15 billion, just shy of the market leader, Lafarge , which had sales of $17 billion. As none of these targets was met, CEMEX started looking for another suitor in its M&A push. On October 27, 2006, CEMEX announced a US$12.8 billion offer to acquire all of the outstanding shares of Rinker Group, Limited. Seven months later, on April 10, 2007, the Rinker board of directors approved an upgraded offer of USD 14.2 billion, and on June 7, 2007, CEMEX secured the commitment from the holders of more than 50% of the shares to complete the acquisition.


Recent history (2006–)

In November 2006, an American embassy cable released via
WikiLeaks WikiLeaks () is an international non-profit organisation that published news leaks and classified media provided by anonymous sources. Julian Assange, an Australian Internet activist, is generally described as its founder and director and ...
listed Cemex among "Mexico's monopolists", with a market share of 87.6%; its competitor
Holcim Apasco Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. ...
was listed with a market share of 12.4%. Shortly after the apparent finalization of the Rinker deal in 2007, the United States Department of Justice brought an antitrust lawsuit against CEMEX, blocking the acquisition. After a lengthy process, CEMEX complied with regulators by divesting (selling) 40+ cement and concrete plants formerly part of itself or Rinker, essentially devaluing the initial deal. In April 2008, the President of
Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in ...
,
Hugo Chávez Hugo Rafael Chávez Frías (; 28 July 1954 – 5 March 2013) was a Venezuelan politician who was president of Venezuela from 1999 until his death in 2013, except for a brief period in 2002. Chávez was also leader of the Fifth Repub ...
, announced the nationalization of "the whole cement industry" in that country, in response to the belief that the industry was exporting its products in order to receive prices above those it was allowed within the country. In mid-2008 the Venezuelan government took over the Venezuelan operations of CEMEX, the largest Venezuelan producer with around a 50% market share; a deal on compensation was still to be reached in March 2009, despite agreements being reached in mid-2008 with the other two major cement producers. In December 2011, an agreement was reached, with Cemex receiving $600m in compensation, and benefiting from the cancellation of $154m in debt. After having problems with the Mexican peso devaluation of 2008, including problems with derivatives, CEMEX had to rethink its international standings to decrease debt and avoid a default. In June 2009, CEMEX sold its Australian operations to Holcim for A$ 2.2 billion ( US$1.75 billion) helping refinance its US$14 billion debt, which partly was due to the acquisition, two years earlier, of the Rinker Group. In December 2010, DOL Resolves Employee Back Wage Case With CEMEX – The U.S. Department of Labor announced the filing of a consent judgment in a case against CEMEX Inc. and the recovery of $1,514,449 in overtime back wages for 1,705 current and former ready-mix drivers who worked in eight states. In 2016, Cemex sold its Rinker Materials pipe business to Quikrete. In February 2018, the company reported record earnings of $750 million for all of 2016, the highest in a decade. Lowering company debt after recent acquisitions were a main cause of the company's financial performance. In the second-quarter 2021 CEMEX reported a net profit of US$270 million and a Debt-to-Ebitda 2.85 leverage ratio, within investment-grade range. In July 2022, Cemex acquired majority stake in ProStein, a German aggregates producer.


CEMEX worldwide

CEMEX World Corporate Headquarters is in Monterrey, Mexico and its U.S. operations headquarters is in Memorial City, Houston,
Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
. The company operates in over 30 countries/territories around the world including:


Subsidiaries

*Cemento Ponce General (See Ponce Cement, Inc.) – Ponce,
Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...
*
Puerto Rican Cement Company Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Orient ...
Guaynabo,
Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...
*Compania Valencia de Cementos Portland S.A. –
Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), an ...
, Spain * CEMEX Asia Holdings Ltd. – Philippines * CxNetworks
Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a coastal metropolis and the county seat of Miami-Dade County in South Florida, United States. With a population of 442,241 at th ...
,
Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, a ...
, United States *CEMEX USA –
Houston Houston (; ) is the List of cities in Texas by population, most populous city in Texas, the Southern United States#Major cities, most populous city in the Southern United States, the List of United States cities by population, fourth-most pop ...
,
Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
, United States ** Western Rail Road
New Braunfels, Texas New Braunfels ( ) is a city in Comal and Guadalupe counties in the U.S. state of Texas known for its German Texan heritage. It is the seat of Comal County. The city covers and had a population of 90,403 as of the 2020 Census. A suburb just nort ...
, United States **Mojave Northern Railroad *CEMEX UK Limited –
Rugby, Warwickshire Rugby is a market town in eastern Warwickshire, England, close to the River Avon. In the 2021 census its population was 78,125, making it the second-largest town in Warwickshire. It is the main settlement within the larger Borough of Rugby whi ...
, United Kingdom * New Sunward Holding
Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...
, Netherlands * CEMEX Mexico –
Monterrey Monterrey ( , ) is the capital and largest city of the northeastern state of Nuevo León, Mexico, and the third largest city in Mexico behind Guadalajara and Mexico City. Located at the foothills of the Sierra Madre Oriental, the city is ancho ...
,
Nuevo Leon Nuevo is the Spanish word for "new". It may refer to: * Nuevo, California, a town in the state of California * Nuevo (band), featuring singer and musician Peter Godwin Peter Godwin (born 4 December 1957) is a Zimbabwean author, journalist, ...
, Mexico * Ready Mix USA –
Birmingham, Alabama Birmingham ( ) is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of the 2021 census estimates, Birmingham had a population of 197,575, down 1% fr ...
* Caribbean Cement Company Limited – Kingston, Jamaica * Trinidad Cement Limited –
Trinidad Trinidad is the larger and more populous of the two major islands of Trinidad and Tobago. The island lies off the northeastern coast of Venezuela and sits on the continental shelf of South America. It is often referred to as the southernmos ...
* Island Cement Company – Nassau, The Bahamas * Bahamas Concrete Holdings – Freeport, The Bahamas


Social responsibility

CEMEX has developed a number of educational and social responsibility initiatives. For example, it instituted the
Premio CEMEX The and its twin the are sedans sold in Japan from 2001 to 2021 by Toyota. The sedans are designated as a compact car by Japanese dimension regulations and the exterior dimensions do not change with periodic updates. Unlike Toyota's other v ...
, an annual award that recognizes works in the fields of sustainability, accessibility, construction and architecture. Also, it funds the Catedra Blanca, and honors architecture courses in three universities: the
ITESM Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) ( en, Monterrey Institute of Technology and Higher Education), also known as Tecnológico de Monterrey or just Tec, is a secular and coeducational private university based in ...
, in Monterrey, the Universidad Iberoamericana, in Mexico City, and the Barcelona School of Architecture. Also, CEMEX has created the Centro CEMEX-Tecnológico de Monterrey, which is a research and development program for sustainable communities across Mexico thru the Premio CEMEX-TEC. In 2007, the Organization of American States (OAS), through their Trust for the Americas, awarded the company The Corporate Citizen of the Americas Award 2007, for the social benefits of their program "Patrimonio Hoy", in Mexico, that according to José Miguel Insulza, President of the OAS, has a positive effect in low-income families. This initiative, conceived in 1998, aims to reduce the Mexican housing deficit, which leaves more than 20 million people with inadequate shelter. Patrimonio Hoy organizes low-income families into self-financing cells that facilitate and expedite the typical homebuilding process. CEMEX and its network provide the products needed but also the technical assistance, including an architect who helps design homes to optimize space and reduce waste. To date, more than 150,000 Mexican families have realized their dreams of home ownership As of 2020, CEMEX Social Responsibility initiatives had benefited over 23 million people in its neighboring communities world-wide. The company also restated its Social Impact policy, with the goal of benefiting 30 million people by 2030. Fortune Magazine ranked CEMEX in 39th place in its 2020 Change the World Index.


Environmental record

CEMEX has been accused of violating environmental laws in the United States. Environmental watchdog groups and the
United States Environmental Protection Agency The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it ...
are threatening to file suit claiming the company has committed numerous violations of the Clean Air Act in
Lyons, Colorado The Town of Lyons is a Statutory Town in Boulder County, Colorado, United States. The town population was 2033 at the 2010 United States Census, up from 1585 at the 2000 United States Census. Lyons is located at the confluence of North St. ...
. CEMEX divested its operation in Lyons, Colorado, in 2016. The United States Environmental Protection Agency has also filed suit against CEMEX in Victorville, California, claiming the company failed to install modern air pollution controls, despite spending millions in renovations. The case was settled in 2009. In February, 2021 the U.S. Department of Energy awarded funding for research on carbon-capture at the CEMEX Victorville cement plant. In the United Kingdom, CEMEX was originally fined £400,000 in October 2006 after hazardous dust was deposited up to three miles (5 km) away from its Rugby works. The fine was the highest ever given under the
Integrated Pollution Prevention and Control Directive 2008/1/EC of the European Parliament and of the Council of 15 January 2008 concerning integrated pollution prevention and control is a directive of the European Union. It replaces the Council Directive 96/61/EC of 24 September 1996 on ...
regulations, and was also the highest for an
Environment Agency The Environment Agency (EA) is a non-departmental public body, established in 1996 and sponsored by the United Kingdom government's Department for Environment, Food and Rural Affairs, with responsibilities relating to the protection and en ...
prosecution for six years. The fine was, however, judged excessive by the Court of Appeal and so reduced to £50,000. In April 2007, CEMEX announced that it had installed a £6.5 million dust abatement system at the same works in Rugby, which had cut particulate emissions by 80%. The site comes under the auspices of the EU Waste Incineration Directive as it burns waste tires for fuel. There are concerns over the impact on both the environment and human health from this practice, although it is common practice in many cement works. In 2021 CEMEX announced investments in Europe to promote an environmentally-friendly “ circular economy,” safely using waste as a substitute for fossil fuels, including in its Rugby plant. During tests conducted from June 10 to August 5, 2008, the Monterey Bay (California) Unified Air Pollution Control District reported high levels of chromium VI, also known as hexavalent chromium, a cancer causing chemical agent, at an elementary school and fire department in
Davenport, California Davenport is a census-designated place (CDP) in Santa Cruz County, California. Davenport sits at an elevation of . The 2020 United States census reported Davenport's population was 388. Situation Davenport lies along the coast of the Pacific Ocea ...
. Chromium VI is the contaminant that inspired the movie, '' Erin Brockovich''. The toxic substance apparently originated from dust emitted by the Cemex Cement plant in Davenport, as the levels of Chromium VI measured eight times the air district's acceptable level at Pacific Elementary School and 10 times at the Davenport Fire Department. Both are located less than a half-mile from CEMEX. Chromium VI may have been unwittingly produced at the CEMEX plant in Davenport for the last seven years. According to Ed Kendig, the executive director of the Monterey Bay Unified Air Pollution Control District, it's "highly possible" that Chromium VI continues to be produced across the country as an accidental, previously unknown byproduct of the cement-making process.Source: http://www.metrosantacruz.com/metro-santa-cruz/10.15.08/nuz-0842.html In 2007, the EPA filed a complaint against CEMEX for violating federal air regulations at its Victorville plant, and in 2006, CEMEX was cited for violations at plants in Santa Barbara and Michigan. Cemex had a sand mining operation in the city of Marina, California along the
Monterey Bay Monterey Bay is a bay of the Pacific Ocean The Pacific Ocean is the largest and deepest of Earth's five oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean (or, depending on definition, to Antarctica ...
coastline that concerned environmentalists and scientists. The California Coastal Commission in March 2016 issued a Cease and Desist order asking for "administration civil penalties" stating that "the operation is narrowing beaches and impacting environmentally sensitive habitat." Cemex denied the allegations and continued to operate. A settlement was reached in 2017 and CEMEX ended mining in December 2020. In 2020 CEMEX announced a new climate action strategy, aiming to lower its overall carbon footprint by 35% in 2030 compared to a 1990 baseline, and to deliver
net zero Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the ...
concrete by 2050. In May 2021 CEMEX partnered with British oil company BP to research industry-wide decarbonization of cement production.


Competitors

Main CEMEX competitors / global cement players are:The Global Cement Industry
, Global Strategic Management Mini Cases Series, Philippe Lasserre- Globalisation Cement Industry, 2007
* Holcim * HeidelbergCement *
Votorantim Cimentos Votorantim Cimentos is the largest cement company of Brazil and the eighth largest in the world. The company was founded in the city of Votorantim in 1933 and is headquartered in São Paulo. In February 2010, the Votorantim Cimentos acquired 21. ...
*
Unibeton Ready Mix Unibeton is a building materials company based in Abu Dhabi, United Arab Emirates. Unibeton has annual production capacity of 10 million meter cube and over 3000 employees. Unibeton has operations in Saudi Arabia, Qatar and India. Unibeton Ready-mi ...


See also

* List of companies traded on the Bolsa Mexicana de Valores * List of Mexican companies * Economy of Mexico


References


External links

* * {{Authority control Cement companies of Mexico Manufacturing companies based in Monterrey Manufacturing companies established in 1906 Mexican brands Multinational companies headquartered in Mexico Mexican companies established in 1906 Companies listed on the Mexican Stock Exchange Companies listed on the New York Stock Exchange Companies listed on the Colombia Stock Exchange Companies listed on the Philippine Stock Exchange