4.90 +0.01 (0.20%)
After hours: 4:15PM EST
|Bid||4.85 x 45100|
|Ask||5.20 x 46000|
|Day's Range||4.8900 - 5.0000|
|52 Week Range||4.4700 - 7.6000|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||16.30|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.19|
The competition is aimed at entrepreneurs and startups that seek to innovate in the construction industry. CEMEX Ventures announced today the launch of Construction Startup Competition 2019 to identify startups with the ambition to lead the transformation of the construction industry. Make Your Mark.,” CEMEX Ventures, CEMEX’s open innovation and corporate venture capital unit, presents its third call, open from February 19 through April 21, 2019.
CEMEX mobilized a concrete plant, a paver, and other supplies from Mexico to guarantee the durability and quality of the new airport’s roads. CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that it led an international team of specialists in charge of renovating 35,000m2 of taxiways for the International Sangster Airport in Montego Bay, Jamaica, the main point of entry to this country. To ensure the quality and durability of the new roads, CEMEX mobilized from Mexico a specialized team, a concrete plant, supplies that weren’t available in the area, and a next-generation paver to place 22,500m3 of concrete.
Mexican cement producer Cemex on Thursday reported a loss for the fourth-quarter, missing analyst expectations' for a profit and sending shares lower. Monterrey-based Cemex, one of the world's largest cement producers, reported a net loss of $37 million for the quarter, when analysts had expected a profit of $136 million, according to a Reuters poll. Share in Cemex fell almost 2 percent after the report to 9.99 pesos per share.
Free cash flow after maintenance capex for the full year was US$918 million and conversion of EBITDA into free cash flow after maintenance capex reached 36%. CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4% during the fourth quarter of 2018 to US$3.5 billion, and increased 6% for the full year 2018 to US$14.4 billion versus the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the fourth quarter of 2018 at US$604 million and increased by 1% for the full year to US$2.6 billion versus 2017.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it's joining the Global Alliance for YOUth (All4YOUth), a business alliance of more than 200 companies that seeks to strengthen the capabilities of young people between the ages of 18 and 29 years to enter the professional world. CEMEX is one of 20 multinational companies that recently joined the alliance and were announced at the World Economic Forum in Davos, Switzerland. CEMEX, together with the Global Alliance for YOUth, continues its contribution to the United Nations Sustainable Development Goals (SDGs), particularly six SDGs focused on youth, including Zero Hunger, Quality Education, Gender Equality, Decent Work and Economic Growth, Reduced Inequalities, and Climate Action.
If you think 2018 was a rough year for American stocks, take a look overseas. Emerging markets were absolutely hammered last year. The iShares MSCI Emerging Markets ETF (EEM), the most widely followed proxy for emerging-markets stocks, finished 2018 down 17%. Many individual developing countries fared even worse. The Xtrackers Harvest SCI 300 China A-Shares ETF (ASHR) - which tracks the performance of China's largest domestically traded shares - lost 29% last year. The iShares MSCI Turkey ETF (TUR) shed 43%. But as we jump into 2019, there are several reasons you might want to give EMs another look. To start, emerging-markets stocks actually were less volatile than American stocks during the wretched final quarter of 2018. Three months isn't a long enough period to draw any firm conclusions, but it's starting to look like investors have already largely abandoned emerging markets and there's "no one left to sell." That could mean a relatively low-risk entry point for an investor looking to allocate new money to emerging markets. Secondly - and perhaps most importantly - emerging markets also are wildly cheap relative to American stocks. Perhaps not surprisingly, the U.S. market is now one of the most expensive in the world, according to estimates by Star Capital, trading at a cyclically adjusted price-to-earnings ratio ("CAPE") of 26.8. To put that in perspective, developed markets as a whole trade at a CAPE of 22.2, while emerging markets as a group trade at a CAPE of just 14.5. Emerging markets can be a roller-coaster ride. The booms can make you wealthy, but the busts can be devastating. So don't overload your portfolio in EM stocks. But at today's prices, it makes sense to have a little skin in the game. With that said, here are five solid emerging-markets stocks to buy in 2019. ### SEE ALSO: 20 Top Stock Picks the Analysts Love for 2019
President Trump continues to dominate the attention of the global media, from his ongoing trade spat with China (and hopes of a looming deal) to the machinations of the U.S. government shutdown and his pledge to fulfill a campaign promise to build a wall on the southern border. He was even partially responsible for the market unpleasantness in December, as he reportedly considered firing Federal Reserve chairman Jerome Powell for his policy hawkishness. Things have appeared to calm in recent days, with Trump shying away from declaring a national emergency at the Mexican border in his first Oval Office address Tuesday night. Perhaps the market is pricing in a loss of political capital, because a number of "Anti-Trump" stocks are moving higher, and quickly becoming stocks to buy again. They range all the way from Chinese tech giants to Mexican cement makers. I'm not making a political statement, but merely reporting the situation on the ground. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors With all of that said, here are five stocks to buy: ### JD.com (JD) Shares of online Chinese retailer JD.com (NASDAQ:JD) are emerging from a three-month consolidation range that capped an epic decline of more than 60% from the highs last January. This came despite evidence of a deepening slowdown in Chinese manufacturing activity and falling retail activity by China's consumers. Perhaps the market is pricing in a trade deal between the United States and China, an indication Trump may be softening his stance to bag a policy win. The company will next report results on Feb. 18, before the bell. Analysts are looking for a loss of 11 cents per share on revenues of $19.2 billion. When the company last reported on Nov. 19, earnings of 80 cents per share beat estimates by 13 cents per share on a 25.1% rise in revenues. ### Cemex (CX) Shares of Mexican cement maker Cemex (NYSE:CX) are rallying off of a three-month low that has capped a decline of roughly 55% from the highs seen in the summer 2017. It seems ironic that a Mexican maker of the stuff Trump wants to use to build the border wall -- beautiful and strong cement -- is rallying as the odds of such a barrier being built fade. * 10 Stocks You Can Set and Forget (Even In This Market) Instead, the latest is that a steel slat barrier (or fence?) is the best outcome for him. Shares are benefiting from a general rise in emerging market stocks thanks to weakness in the U.S. dollar and signs of slowing in the U.S. economy. ### Alibaba (BABA) Chinese internet giant Alibaba (NYSE:BABA) is watching as its shares rally back over its 50-day moving average in another upside breakout attempt. The move marks the third bounce off of support at the $130-a-share level, which capped a near 40% decline from the summer 2018 high. Trump has in the past pointed to weakness in Chinese stocks as evidence he was winning the trade war. Unfortunately, the performance gap has closed in recent weeks. Strength in stocks like BABA will close the gap further. The company will next report results on Feb. 1 before the bell. Analysts are looking for earnings of $1.38 per share on revenues of $17.3 billion. The company last reported results on Nov. 2, with earnings of $1.11 per share beating estimates by a penny on a 49.6% rise in revenues. ### Amazon (AMZN) Tech giants like Amazon (NASDAQ:AMZN) have been a frequent foil for Trump and his supporters amid accusations of bias against conservative voices as well as CEO Jeff Bezos' purchase and operation of the Washington Post, which is no fan of the President. Trump has frequently threatened to tighten regulation on these guys, including raising the cost of shipping via the U.S. Postal Service. * 7 Dow Jones Stocks Set to Charge Higher After a nasty 30%+ decline from its September high, AMZN shares are on the path to recovery and are making another challenge of its 200-day moving average. The company will next report results on Jan. 31 after the close. Analysts are looking for earnings of $5.48 per share on revenues of $73.9 billion. When the company last reported on Oct. 25, earnings of $5.75 beat estimates by $2.66 on a 29.3% rise in revenues. ### Facebook (FB) Shares of Facebook (NASDAQ:FB), the social media platform that has been plagued by privacy scandals and frequent criticisms of leaning against conservative media, have broken above their 50-day moving average for the first time since July. This move is beginning to unwind the decline of more than 40% from the highs seen in July. The company will next report results on Jan. 30 after the close. Analysts are looking for earnings of $2.17 per share on revenues of $16.4 billion. When the company last reported on Oct. 30, earnings of $1.76 per share beat estimates by 32 cents on a 32.9% rise in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 "Anti-Trump" Stocks to Buy As They Blitz Higher Today appeared first on InvestorPlace.
While the winter season typically brings a festive spirit, investors have only just begun to spread the joy in the New Year. December 2018 proved to be worrisome for many investors as the major indices experienced some their worst pain in a decade. Understandably, there are still some investors who are seeking shelter from the storm. Nevertheless, risk-tolerant contrarians can use this time to consider emerging-market stocks to buy. At first glance, the notion seems ludicrous. Since the beginning of October 2018, the Dow Jones Industrial Average has hemorrhaged badly, erasing nearly 16% of market value. More critically, common wisdom indicates that the U.S. is the international bellwether. In other words, wherever the Dow goes, the rest of the world will follow. But for those looking to pick up strong companies at severely undervalued rates, emerging-market stocks represent compelling stories. Sector-based exchange-traded funds, such as the benchmark iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) have suffered steep declines throughout 2018. As a result, these investments haven't lost much ground in recent months, perhaps because the worst has faded. InvestorPlace - Stock Market News, Stock Advice & Trading Tips On the flipside, the domestic markets could be due for sustained turmoil. While other international indices never quite got traction in 2018, the Dow stubbornly managed to go against the grain. At one point, it even appeared that blue chips would once again enjoy a standout year. But that didn't prove to be the case at the end of 2018. However, because many investors are still shying away from any equity class, emerging-market stocks potentially offer a path to long-term profitability. Admittedly, it's a risky play because the U.S. anchors everyone else. That said, while domestic investments might still struggle, the bad news has already been baked in for several foreign names. * 10 Stocks You Can Set and Forget (Even In This Market) For the adventurous souls, here are ten emerging-market stocks to buy: ### America Movil (AMX) Source: Shutterstock When it comes to innovations in the telecommunication industry, most of the developments center on the big guns, such as Verizon (NYSE:VZ) or AT&T (NYSE:T). Because they lever significant resources, a conservative portfolio will feature some exposure to these stalwarts. But for greater upside potential, look south to the border at America Movil (NYSE:AMX). According to the its website, America Movil is the "leading provider of integrated telecommunications services in Latin America." In addition, if you exclude Chinese and Indian consumers, the company features the largest base of wireless subscribers. Since Latin America has always represented a growth opportunity, America Movil's dominant position signals a must-buy for AMX stock. More importantly, management is aggressively implementing the technologies and infrastructure necessary for the 5G rollout. In September, the company announced that it will be the first company to offer 5G services. Verizon beat them to the punch, but that hasn't stopped America Movil from gaining a foothold in Puerto Rico. In my view, there's nothing better than emerging-market stocks with the goods to deliver. ### Cemex (CX) Source: Dan Davison via Wikimedia (Modified) For obvious reasons, the term "building" now has a sour undertone in Mexico. Nevertheless, contrarians should take a look at Cemex (NYSE:CX). Headquartered in Monterrey, CX stock offers exposure to one of the biggest building-materials firms in the world. Moreover, Cemex has a strong global presence in Central America, Europe and the Middle East. Unfortunately for shareholders, the October 2018 rout devastated CX stock over a short timeframe. Over the trailing 90 days, the company lost over 30% of its market value. While that is normally cause for serious concern, I believe Wall Street is ignoring key positives. * 10 Virtual Assistants for the Future of Smart Homes Fundamentally, management has significantly improved its stability. Throughout the middle of this decade, massive debt levels significantly impeded Cemex. Not only that, the company's net income consistently saw red ink. However, CX has turned the ship around recently, eliminating its debt and maintaining respectable growth and profitability. ### Grupo Televisa (TV) Source: Flash.pro via Flickr (modified) Like so many traditional media outlets, Grupo Televisa (NYSE:TV) suffered steep losses this year. Since the January opener, TV stock has dropped more than 33%. Admittedly, Grupo Televisa is one of the riskiest emerging-market stocks to buy. As we all know, the cord-cutting phenomenon has negatively impacted American media giants like Comcast (NASDAQ:CMCSA). But Latin American audiences have particularly gravitated towards streaming entertainment. For instance, Mexico binge-watched the most content on Netflix (NASDAQ:NFLX) in 2017. So why take a shot on TV stock? For one thing, the company wields two powerhouse channels in Univision and Telemundo. Both are obviously very popular in Central America, but they also facilitate a path toward Spanish-speaking U.S.-based audiences. Another important factor is demographics. Mexico has a growing and young population, which makes them an obvious marketing target. In addition, Generation Z leans strongly Hispanic. These two tailwinds should eventually lift TV stock to a surprising turnaround. ### Wal-Mart de Mexico (WMMVY) Source: Mike Mozart via Flickr Generally speaking, Walmart (NYSE:WMT) provides a reasonably stable investment during bull markets and lean cycles. While broader volatility can impede any name, a big-box retailer offers a convenient platform for essential household goods. So if you like "Wally World," you should consider adding Wal-Mart de Mexico (OTCMKTS:WMMVY) among your stocks to buy. As I mentioned earlier, Mexico's demographic is a goldmine for advertisers and virtually all businesses. This is because percentage-wise, Mexico has very few old people, who are unlikely to shop for the latest trends. Instead, the majority of Mexicans (40.5%) fall under the 25 to 54 years age group. Moreover, nearly 28% are aged zero to 14 years. * 7 Dow Jones Stocks Set to Charge Higher In other words, Mexican retailers can expect a constant flow of recurring consumers over the next several decades. Logically, WMMVY stock stands to benefit handsomely from this favorable dynamic. ### TIM Participacoes (TSU) Source: Rodrigo Soldon Via Flickr Thanks to its blistering speed, the upcoming 5G network opens the door for multiple applications. As a major player in the Brazilian telecom industry, TIM Participacoes (NYSE:TSU) is a prime pick among emerging-market stocks. Recently, I featured TSU stock for its broad coverage, writing: "The underlying company was the first mobile operator to establish a presence in all Brazilian states. Currently, TIM has 56.2 million customers under its belt, and 33.1 million are 4G customers. Overall, the telecom firm has a 24% market share in its home market." But especially under this current context, we should note that TSU stock absorbed significant pain in the first half of 2018. Since mid-September 2018, though, shares have not only stabilized, but they have steadily gained traction. I anticipate this trend to continue as we go through 2019. In recent years, management has focused on paying down debts and instilling fiscal discipline. Their improved profitability should endear them to investors looking for some predictability. ### Cosan (CZZ) Source: Shutterstock It's no secret that many emerging-market stocks benefit from rising energy and commodity prices. Usually, rapidly developing nations leverage their natural resources to gain a leg up on the competition. But with broader weakness cratering most industries, energy and agricultural firm Cosan (NYSE:CZZ) appears a lost cause. However, the markets might be signaling a possible recovery. After nearly halving from this year's high, CZZ stock is on a veritable comeback trail. Since mid-September, shares have gained a very impressive 28%. Additionally, CZZ is charting a series of higher lows, suggesting nearer-term upside. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns But regardless of what happens over the next few weeks, I believe Cosan is a long-term winner. CZZ stock features exposure to the natural gas distribution business, where the underlying industry could continue to rise based on geopolitical pressures. Furthermore, its ethanol division aligns with society's push for alternative-fuel sources. ### VanEck Vectors Vietnam ETF (VNM) Source: Shutterstock Among emerging-market stocks, the Vietnamese investment sector represents a radical paradigm-shift for the better. Long associated with the tumultuous Vietnam War, the Southeast Asian country has become a vibrant center for commerce. While individual opportunities remain limited for Americans, interested parties should consider the VanEck Vectors Vietnam ETF (NYSEARCA:VNM). I can probably write a book about the importance of Vietnam, and by logical deduction, the VNM fund. Primarily, the country is a critical counterweight to China's dominance. Unless you've been living under a rock, you know that our relations with the world's second-biggest economy is frayed. More worryingly, we apparently have a Presidency unwilling to assert American influence in critical global affairs. Fortunately, the Vietnamese government have their own problems with Chinese aggression. As the old saying goes, the enemy of my enemy is my friend. Second, Vietnam features a triangular population pyramid. This simply means that the country's elderly population represent a much smaller share. More importantly, the younger adult populace, or those aged between 25 to 30, have the biggest share. As such, you can expect this Southeast Asian powerhouse to lever tremendous influence over the next few decades. ### iShares MSCI Malaysia ETF (EWM) Source: Shutterstock The iShares MSCI Malaysia ETF (NYSEARCA:EWM) offers an intriguing opportunity for the hardened contrarian. In mid-August 2018, analysts maintained a neutral outlook on Malaysian markets due to a balanced risk-reward ratio. However, these same folks noted that valuations looked attractive. Since then, the EWM has dropped roughly double-digit percentage points. Moreover, the fundamentals haven't changed that much. What really spooked the Malaysian markets is geopolitical concerns involving the China trade war. While this event is obviously a worrisome headwind, it's nothing new. The EWM had previously cratered earlier in 2018 due to deteriorating U.S.-China relations. Evidence suggests, though, that the positives may be taking over the narrative. Malaysia had recently undergone a governmental change. The new administration is working hard to implement all its election promises. So far, Malaysian insiders have noted a slowing in the volatility. * 7 High-Risk Chinese ETFs to Avoid ... For Now Although anything can change this year, the EWM presents an underappreciated upside prospect. ### Emerging-Market Stocks to Buy: Infosys (INFY) Source: Shutterstock Just for the sheer fact that India boasts the second-biggest population in the world, the country offers a natural place to search for emerging-market stocks to buy. Thanks to its burgeoning economy, American investors today have an ample choice of individual names to pick. During this down period, I'd take a long look at technology firm Infosys (NYSE:INFY). Buying INFY stock brings exposure to the company's core divisions of business consulting, information technology and outsourcing. Unlike other sector names, though, INFY features stout fundamentals. For starters, Infosys enjoys an A+ balance sheet: management is sitting on $3.5 billion in cash, and has zero debt. Second, INFY has excellent growth and profitability metrics, along with consistently stable free cash flow. Of course, that hasn't helped INFY stock from taking some losses this year. Since the beginning of September, shares are down 12%. Still, the company hasn't made fresh lows since late October, providing hope for a turnaround. ### VanEck Vectors Africa Index ETF (AFK) Source: Shutterstock On the surface level, the African continent seemingly offers an ideal environment for emerging-market stocks to buy. The region is rich with natural resources. Moreover, several African countries feature massive population growth rates. So long as economic development keeps pace, the area can become a goldmine on multiple levels. Unfortunately, that's not occurring due to widespread corruption and administrative mismanagement. So while I want to confidently buy into the VanEck Vectors Africa Index ETF (NYSEARCA:AFK), it remains a highly speculative venture. Adding to the risks is South Africa. The country is on course to repatriate white-owned land and distribute among black South Africans. While I don't want to get into the racial component of this story, the economic threat is rather pernicious. If the government can forcibly take private land -- a fundamental human right -- commerce will inevitably collapse. Worse yet, Zimbabwe attempted similar measures to devastating results. Their ridiculous hyperinflation became an internet meme, and they're still recovering from the damage. So why mention AFK? First, if cooler heads miraculously prevail, AFK could skyrocket. Second, other African countries could potentially pick up the slack. After all, the continent offers viable platforms for commodities and energy extraction. * 10 Top Stock Picks From the Street's Best Analysts Just be careful as AFK is one of the riskiest funds available. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 10 Key Emerging-Market Stocks to Buy for Contrarian Investors appeared first on InvestorPlace.
Shares of cement producers were mixed in morning trade Monday, after President Trump said over weekend that the border wall he wants could be made of steel, rather than the concrete wall he had promised during his campaign, in an effort to reach a deal to re-open the government. Among shares of the companies that were expected to benefit from a concrete wall, Cemex SAB de CV rose 0.2%, Heico Corp. slipped 0.8%, Vulcan Materials Co. rose 0.5%, CRH PLC shed 1.6% and Martin Marietta Materials Inc. eased 0.1%. Elsewhere, U.S. Concrete Inc.'s stock fell 0.9% and Summit Materials Inc. advanced 0.9%. Meanwhile, steel maker shares were also mixed, with U.S. Steel Corp. down 0.2%, AK Steel Holding Corp. trading flat%, Steel Dynamics Inc. up 0.6% and Nucor Corp. slipping 0.5%.
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ a complex analysis to determine the best stocks to invest in. A particularly […]
Cemex SAB de CV (CX) is the largest ready-mix concrete company in the world. In a recent Instagram post, Floyd Mayweather shared photos of his brand new mansion, which is 100% concrete. Warning! GuruFocus has detected 3 Warning Signs with AME.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
CEMEX, S.A.B. de C.V. announced today that it has commenced its previously announced stock repurchase program , which was approved at its 2017 annual general ordinary shareholders’ meeting held on April 5, 2018.
NEW YORK, Nov. 27, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Energy Vault, an Idealab company that creates renewable energy storage products, today announced the commercial availability of its groundbreaking solution. Based on the principles that underpin traditional gravity-based pumped hydro plants, the new technology combines conventional physics fundamentals of potential and kinetic energy with a proprietary, cloud-based software platform to operate a newly developed six-arm crane. The crane operation is fully automated and orchestrates the positioning of the massive concrete bricks that provide the basis for the efficient storage and discharge of electricity.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that its digital platform CEMEX Go is celebrating its first anniversary, transforming the experience of more than 20,000 customers in 18 countries, and leading the digital transformation in the global building materials industry. The 20,000 customers represent approximately 60 percent of CEMEX’s total recurring customers worldwide. Currently, those customers are placing around a third of their orders—or about 20 percent of CEMEX’s global sales—through the platform.
Mexico's Cemex on Thursday reported higher third-quarter revenue, raised its expectation for U.S. concrete sales and said it had cut its debt, sending the cement company's battered shares up almost 5 percent. Cemex's net sales grew 8 percent to $3.7 billion in the quarter when adjusted for exchange rate fluctuations and asset sales, beating analyst expectations. On a conference call, Cemex executives said they had raised their expectations for U.S. concrete sales and for Mexican aggregates for this year.
Mexican cement company Cemex reported a 39.8 percent slump in third-quarter profit on Thursday, hurt by lower demand in its South and Central America and the Caribbean. The company said net profit fell ...
CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 8% during the third quarter of 2018 to US$3.7 billion versus the comparable period in 2017. The increase in quarterly consolidated net sales was due to higher prices of our products, in local currency terms in most of our regions, as well as higher volumes in Mexico, the U.S., and our Europe and Asia, Middle East & Africa regions.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it participated in the expansion of BMW Group’s Research and Innovation Center in Germany. Located in northern Munich, the new building offers an innovative working environment where approximately 5,000 BMW Group employees will develop hardware and software for the company’s future vehicles. CEMEX participated in the first phase of the expansion project, supplying over 105,000 cubic meters of concrete through an agile solution: a mobile on-site mixing plant.
Mexico's Cemex has begun restructuring its unit in Spain and plans to close two of its seven plants there, a company spokesman said on Wednesday.
The 8th edition of the CEMEX-Tec Center for Sustainable Development Award recognized 17 projects from entrepreneurs and innovators that aim to generate high social impact in communities around the world. The two first place (Mexico and International Prize) award winners will receive US$25,000 each for the implementation of their projects in the "Transforming Communities" category. In the "Social Entrepreneurs" category, 15 additional projects will obtain training, and the three first place award winners will receive US$10,000 each in seed capital.