CEMEX S.A.B. DE C.V., known as CEMEX, is a Mexican multinational
building materials company headquartered in San Pedro , near Monterrey
Mexico . It manufactures and distributes cement , ready-mix concrete
and aggregates in more than 50 countries. It is the second largest
building materials company worldwide, only after
Lorenzo Zambrano was the chairman and chief executive officer until
his death on May 21, 2014. About one-third of the company's sales come
Mexico operations, a quarter from its plants in the U.S., 15%
from Spain, and smaller percentages from its plants around the world.
Cemex ready-mix truck departing jobsite after dispensing concrete
for a multi-storey residential project. The location is Villahermosa,
CEMEX currently operates on four continents, with 66 cement plants,
2,000 ready-mix-concrete facilities, 400 quarries, 260 distribution
centers and 80 marine terminals. 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.
* 1 History
* 1.1 Internationalization 1990-2006
* 1.2 Recent history (2006-)
* 2 CEMEX worldwide
* 3 Subsidiaries
* 4 Social responsibility
* 5 Environmental record
* 6 See also
* 7 References
* 8 External links
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
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.
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 's largest cement company, VENCEMOS, was acquired by CEMEX
in 1994, and plants were purchased the same year in the United States
Panama . In 1995 CEMEX acquired a cement company in the
Dominican Republic , 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
Egypt , 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
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 NYSE : LR, which had sales of $17 billion. As none of these
targets was met, CEMEX started looking for another suitor in its M its
Holcim Apasco was listed with a market share of 12.4%.
Shortly after the apparent finalization of the Rinker deal on 2007,
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
Hugo Chávez , 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,
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
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.
United States offices in Memorial City ,
CEMEX World Corporate
Headquarters is in Monterrey,
Mexico and its
U.S. operations headquarters is in
Memorial City, Houston ,
The company operates in over 50 countries/territories around the
United Arab Emirates
United Arab Emirates
* Cemento Ponce General (See
Ponce Cement, Inc. ) - Ponce , Puerto
* Puerto Rican
Cement Company -
* Compania Valencia de Cementos Portland S.A. -
Madrid , Spain
* Rinker Materials Corporation -
West Palm Beach
West Palm Beach ,
Florida , United
* CEMEX Australia Pty Limited -
Chatswood , Australia
* CEMEX Asia Holdings Ltd. - Philippines
* CxNetworks -
Florida , United States
* CEMEX USA -
Texas , United States
Western Rail Road - New Braunfels,
Texas , United States
* CEMEX UK Limited -
Thorpe, Surrey , United Kingdom
* New Sunward Holding -
Amsterdam , Netherlands
* Cena Acquisitions Corporation -
Texas , United States
* CEMEX MEXICO -
Nuevo Leon , Mexico
* Ready Mix USA-
Cement Company Limited - Kingston,
Cement Limited -
CEMEX has developed a number of educational and social responsibility
initiatives. For example, it instituted the Premio CEMEX , an annual
award that recognizes works in the fields of sustainability,
accessibility, construction and architecture. Also, it funds the
Catedra Blanca , an honors architecture courses in three universities:
ITESM , 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
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
CEMEX has been accused of violating environmental laws in the United
States. Environmental watchdog groups and the United States
Environmental Protection Agency are threatening to file suit claiming
the company has committed numerous violations of the Clean Air Act in
Lyons, Colorado . 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.
In the United Kingdom, CEMEX was originally fined £400,000 on
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
Integrated Pollution Prevention and Control regulations, and
was also the highest for an
Environment Agency 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 tyres 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.
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 .
Chromium VI is the contaminant that inspired
the movie, Erin Brockovich . The toxic substance apparently originated
from dust emitted by the
Cement plant in Davenport, as the
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
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.
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.
Environmentalists and scientists are concerned for the Monterey Bay
Cemex has a sand mining operation in the city of
Marina, CA . 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 denies the allegations and
as of May 2017 continues to operate.
* Companies portal
Main CEMEX competitors / global cement players are:
Unibeton Ready Mix
List of companies traded on the Bolsa Mexicana de Valores
* List of Mexican companies
* Economy of
* ^ Sirkin, Harold L.; James W. Hemerling, and Arindam K.
Bhattacharya (11-06-2008). GLOBALITY: Competing with Everyone from
Everywhere for Everything Archived September 23, 2008, at the Wayback
Machine .. New York: Business Plus, 304. ISBN 0-446-17829-2 .
* ^ A B Corporate World
Headquarters - Company\'s website Archived
February 20, 2009, at the
Wayback Machine . Retrieved February 10,
* ^ A B Corporate
Headquarters according to Company\'s Website
world locations map Archived February 7, 2009, at the Wayback Machine
. Retrieved February 10, 2009.
* ^ A B Corporate World
Headquarters at San Pedro Garza Garcia -
Monterrey, ML, Mexico, per Hoover\'s Dun & Bradstreet Profile
Retrieved February 10, 2009.
* ^ A B The headquarters remain in the bustling Mexican industrial
city of Monterrey,
Mexico , 140 miles south of the
Retrieved February 10, 2009.
* ^ A B
Cemex Corporate World
Headquarters situated in San Pedro
Garza Garcia, Mexico, per Linkedin Retrieved February 10, 2009.
* ^ Reuters, From (2000-09-30). "Mexico\'s
Cemex to Buy Southdown
of Houston". Los Angeles Times. ISSN 0458-3035 . Retrieved 2016-03-28.
* ^ "cable 06MEXICO6413, WHO ARE MEXICO\'S MONOPOLISTS?".
Wikileaks. (see also )
* ^ Source:
* ^ http://www.justice.gov/atr/cases/f243500/243560.htm
* ^ Hugo Chavez Nationalizes
Cement Industry, CBS News, April 4,
* ^ "FACTBOX: Venezuela\'s nationalizations under Hugo Chavez".
Reuters. March 5, 2009.
* ^ "
Venezuela Is Set to Take Control of
Cemex Plants". The New
York Times. August 19, 2008. Retrieved April 28, 2010.
* ^ Cemex, CEMEX and
Venezuela sign agreement on compensation for
nationalization of CEMEX
Venezuela Archived January 22, 2012, at the
Wayback Machine .
* ^ "UPDATE 2-Mexico\'s
Cemex tumbles on peso, derivatives".
Reuters. October 9, 2008.
* ^ Battersby, Lucy. "Mexican sell-off puts Australian concrete
operations in Swiss hands".
The Sydney Morning Herald
The Sydney Morning Herald . Retrieved
* ^ "DOL Resolves Employee Back Wage Case With CEMEX".
nessaccess.com. Retrieved 2016-12-22.
* ^ CEMEX, Inc. - Company Overview - Hoover\'s Archived February 7,
2009, at the
Wayback Machine .
* ^ Recibe