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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 , Mexico
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 LafargeHolcim .

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 from its Mexico
Mexico
operations, a quarter from its plants in the U.S., 15% from Spain, and smaller percentages from its plants around the world. Cemex
Cemex
ready-mix truck departing jobsite after dispensing concrete for a multi-storey residential project. The location is Villahermosa, Mexico.

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.

CONTENTS

* 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

HISTORY

CEMEX was founded with the opening of Cementos Hidalgo, in 1906. Meanwhile, Cementos Portland Monterrey
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
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
'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
. In 1995 CEMEX acquired a cement company in the Dominican Republic
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 Philippines
Philippines
, Indonesia
Indonesia
and Egypt
Egypt
, as well as Costa Rica
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 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 competitor Holcim Apasco was listed with a market share of 12.4%.

Shortly after the apparent finalization of the Rinker deal on 2007, the United States
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
, 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, with Cemex
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$
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.

CEMEX WORLDWIDE

Cemex
Cemex
United States
United States
offices in Memorial City , Houston
Houston

CEMEX World Corporate Headquarters
Headquarters
is in Monterrey, Mexico
Mexico
and its U.S. operations headquarters is in Memorial City, Houston , Texas
Texas
.

The company operates in over 50 countries/territories around the world including:

* Angola
Angola
* Argentina
Argentina
* Brazil
Brazil
* Brunei
Brunei
* Canada
Canada
* Colombia
Colombia
* Costa Rica
Costa Rica
* Croatia
Croatia
* Czech Republic
Czech Republic
* Dominican Republic
Dominican Republic
* Egypt
Egypt
* El Salvador
El Salvador
* Finland
Finland

* France
France
* Germany
Germany
* Haiti
Haiti
* Hungary
Hungary
* Ireland * Indonesia
Indonesia
* Israel
Israel
* Jamaica
Jamaica
* Latvia
Latvia
* Malaysia
Malaysia
* Mexico
Mexico
* Morocco
Morocco
* Nicaragua
Nicaragua
* Nigeria
Nigeria
* Norway
Norway

* Panama
Panama
* Philippines
Philippines
* Poland
Poland
* Puerto Rico
Puerto Rico
* Singapore
Singapore
* Spain
Spain
* Sweden
Sweden
* Switzerland
Switzerland
* Trinidad
Trinidad
* Turkey
Turkey
* United Arab Emirates
United Arab Emirates
* United Kingdom
United Kingdom
* United States
United States

SUBSIDIARIES

* Cemento Ponce General (See Ponce Cement, Inc. ) - Ponce , Puerto Rico * Puerto Rican Cement
Cement
Company - Guaynabo , Puerto Rico
Puerto Rico
* Compania Valencia de Cementos Portland S.A. - Madrid
Madrid
, Spain * Rinker Materials Corporation - West Palm Beach
West Palm Beach
, Florida
Florida
, United States * CEMEX Australia Pty Limited - Chatswood , Australia * CEMEX Asia Holdings Ltd. - Philippines * CxNetworks - Miami
Miami
, Florida
Florida
, United States * CEMEX USA - Houston
Houston
, Texas
Texas
, United States * Western Rail Road - New Braunfels, Texas
Texas
, United States * CEMEX UK Limited - Thorpe, Surrey , United Kingdom * New Sunward Holding - Amsterdam
Amsterdam
, Netherlands * Cena Acquisitions Corporation - Houston
Houston
, Texas
Texas
, United States * CEMEX MEXICO - Monterrey
Monterrey
, Nuevo Leon , Mexico * Ready Mix USA- Birmingham, Alabama
Birmingham, Alabama
* Caribbean Cement
Cement
Company Limited - Kingston, Jamaica
Jamaica
* Trinidad
Trinidad
Cement
Cement
Limited - Trinidad
Trinidad

SOCIAL RESPONSIBILITY

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: the ITESM
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
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

ENVIRONMENTAL RECORD

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
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 under the 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 Cemex
Cemex
Cement
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
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 coastline where Cemex
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
Cemex
denies the allegations and as of May 2017 continues to operate.

SEE ALSO

* Mexico
Mexico
portal * Companies portal

Main CEMEX competitors / global cement players are:

* Heidelberg Cement
Cement
* Votorantim Cimentos * Unibeton Ready Mix * List of companies traded on the Bolsa Mexicana de Valores * List of Mexican companies * Economy of Mexico
Mexico

REFERENCES

* ^ 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
Headquarters
- Company\'s website Archived February 20, 2009, at the Wayback Machine . Retrieved February 10, 2009. * ^ A B Corporate Headquarters
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
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
Mexico
, 140 miles south of the Texas
Texas
border Retrieved February 10, 2009. * ^ A B Cemex
Cemex
Corporate World Headquarters
Headquarters
situated in San Pedro Garza Garcia, Mexico, per Linkedin Retrieved February 10, 2009. * ^ https://www.infosys.com/newsroom/press-releases/Pages/business-transformation-awards.aspx * ^ Reuters, From (2000-09-30). "Mexico\'s Cemex
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.fromthedoj.com/2009/03/us-doj-blocks-cemex-acquisition-of-rinker/ * ^ http://www.justice.gov/atr/cases/f243500/243560.htm * ^ Hugo Chavez Nationalizes Cement
Cement
Industry, CBS News, April 4, 2008. * ^ "FACTBOX: Venezuela\'s nationalizations under Hugo Chavez". Reuters. March 5, 2009. * ^ " Venezuela
Venezuela
Is Set to Take Control of Cemex
Cemex
Plants". The New York Times. August 19, 2008. Retrieved April 28, 2010. * ^ Cemex, CEMEX and Venezuela
Venezuela
sign agreement on compensation for nationalization of CEMEX Venezuela
Venezuela
Archived January 22, 2012, at the Wayback Machine . * ^ "UPDATE 2-Mexico\'s Cemex
Cemex
tumbles on peso, derivatives". Reuters. October 9, 2008. * ^ http://www.fool.com/investing/international/2008/10/10/precarious-peso-pounds-cemex.aspx * ^ Battersby, Lucy. "Mexican sell-off puts Australian concrete operations in Swiss hands". The Sydney Morning Herald
The Sydney Morning Herald
. Retrieved 2009-07-07. * ^ "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 Cemex
Cemex
reconocimiento, by El Norte , in Spanish, requires subscription (original text: " Cemex
Cemex
México recibió el reconocimiento internacional por los beneficios sociales de su programa Patrimonio Hoy, durante la entrega de "The Corporate Citizen of the Americas Award 2007" que organiza The Trust for the Americas y la Organización de Estados Americanos (OEA). El secretario general del organismo interamericano, José Miguel Insulza, destacó que conoce el programa Patrimonio Hoy y sabe de su positivo impacto social en favor de familias de escasos recursos." * ^ cemex Archived September 27, 2007, at the Wayback Machine . * ^ Epa Sues