|Bid||4.0700 x 40000|
|Ask||4.2500 x 40000|
|Day's Range||4.0000 - 4.1200|
|52 Week Range||2.8200 - 6.5300|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||18.64|
|Forward Dividend & Yield||0.05 (1.23%)|
|1y Target Est||5.86|
With the U.S.-China trade war again showing no sign of resolution, and combined with other geopolitical flashpoints, plowing into growth stocks is probably the last thing on many investors' agendas. And while the U.S. markets have certainly printed some red ink recently, a growth-based strategy surprisingly isn't completely insane. We just may be looking at the wrong place.Stereotypically, Americans tend not to think much beyond their zip code, let alone their country. That's perhaps the privilege of living in the greatest nation on earth. In this case, though, being self-absorbed has some tangible consequences. Looking beyond our borders, international growth stocks offer interesting plays for the risk-tolerant investor.In full disclosure, I've been negative on both the domestic and global economies. Obviously, I'm not the arbiter of what happens next. And certain indicators, such as the economic surprise indices, suggest that global markets are stronger than advertised. This includes countries like Japan, Canada, China, and the Eurozone. If true, that bodes very well for international growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother factor potentially bolstering international growth stocks is that the U.S. markets are stretched. Shrewd investors want to see more bang for their buck. Likely, they're not going to get much stateside. However, global markets offer upside, if you're willing to stomach the risk. * Do These 7 Retail Stocks Make the Grade? If that's you, here are seven international growth stocks to consider: Barrick Gold (GOLD)Source: Shutterstock Headquartered in Canada, Barrick Gold (NYSE:GOLD) is easily one of the best international growth stocks to put on your short list. With fears rising about geopolitical flashpoints, as well as our own economic stability, GOLD stock is a perfect choice for those who want exposure to safe-haven assets, but don't want the hassle of owning physical bullion.Plus, if you're pessimistic about the broader narrative, GOLD stock offers a hybrid play: you can indirect exposure to safe-haven assets while still participating in the financial system. Better yet, analysts project serious growth for the mining company. Next year, they anticipate growth of 46%, and nearly 34% per annum over the next five years.While this sounds rather robust, it's not at all unreasonable. Gold prices have been deflated for several years, so they're due for a pick-me-up. Additionally, the catalysts - primarily fear and uncertainty - are evident in the markets. Thus, keep GOLD stock close to your chest. Something tells me you'll be glad you did. Sibanye Gold (SBGL)Source: Shutterstock I don't intend to turn this list of international growth stocks into a mining-centric write-up. Nevertheless, the bullish narrative for Sibanye Gold (NYSE:SBGL) is, in my opinion, extremely powerful.For starters, SBGL stock offers the same hybrid opportunity as Barrick Gold: you get the indirect protection that precious metals provide if we suffer economic hardship, as well as the convenience of plugging into the financial system. More importantly, though, the South African-headquartered mining firm specializes in platinum and palladium production.Both metals are critical for the development of catalytic converters. Due to stricter emissions standards in the automotive industry, palladium demand has already skyrocketed. While electric vehicles aim to overturn traditional fossil-fueled cars, this complete transition won't happen so quickly. This situation augurs very well for SBGL stock. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? Moreover, we have to think about the political situation. Increasingly, climate change and its associated issues have taken center stage. For now, the best way to address earth's climate is through more rigorous emissions standards. This will only spike up palladium and platinum demand, further bolstering SBGL stock. Sony (SNE)Long playing second fiddle to consumer electronics king Apple (NASDAQ:AAPL), my alma mater Sony (NYSE:SNE) offers an interesting play among international growth stocks. For one thing, I tend to believe in market cycles. As one organization dominates, they must provide increasingly compelling storylines to keep investors interested. Because SNE stock is on the outside looking in, they don't have to worry about that pressure.Fundamentally, SNE stock may be fortuitously well positioned. I say this because with peak smartphone, it's become exponentially harder to excite customers. According to some sources, for instance, Apple's new iPhone 11 isn't all that great.In contrast, I'm very excited about Sony's upcoming product pipeline. Sure, I'm biased. But with something as powerful as the upcoming PlayStation 5, it doesn't matter: it's almost a guarantee that Sony's flagship product will receive massive fanfare. Obviously, this is a net positive for SNE stock.Plus, Sony isn't just riding the PlayStation horse. They've got other viable platforms, such as artificial intelligence-based video-content creators, as well as next-generation "pro-sumer" digital cameras. It all makes for a strong contrarian candidate among international growth stocks. Cemex (CX)Source: Wikimedia CommonsPresident Donald Trump may not always show his appreciation, but Mexico is a vital partner to the U.S. Of course, because of the current political situation, this relationship is unfortunately strained, to put it mildly. But that shouldn't dissuade you from considering Cemex (NYSE:CX) among your list of international growth stocks.Since July of 2017, CX stock has unfortunately suffered substantial volatility. Some of the harsh rhetoric from the White House has spilled over into our trade agreements with Mexico. As such, many investors have chosen to dump Cemex.But with shares down so much since then, I think it's time to put CX stock on your radar. First, the U.S. isn't Mexico's only trading partner. Thanks to modernization initiatives and various efficiencies, Mexico represents an attractive place for business. Unsurprisingly, foreign direct investment dollars have flowed in from Japan and the European Union. * 8 Dividend Stocks to Buy for a Recession Finally, keep in mind that Mexico features very favorable demographics. Currently, almost half of the country's population is what we would term working age. Also, because of their robust population growth, Mexicans aged zero to 14 years represent almost 27% of the country's tally. Thus, you're looking at a very important global labor market, which is net positive for CX stock. Tencent (TCEHY)Source: Shutterstock With Chinese growth stocks at the forefront of the U.S.-China trade war, this sector seems inevitably doomed. Again, in the interest of full transparency, I've recently adopted a less-than-positive stance on China. As the word of words continue to heat up, it's hard to imagine that companies like Tencent (OTCMKTS:TCEHY) can emerge from the muck without a trade deal.That said, TCEHY stock is a name you shouldn't ignore. Although many investors like to put tags on Tencent, such as China's Facebook (NASDAQ:FB), it's much more than that. For example, Tencent owns the WeChat app, which has more than a billion monthly users. That's second only to Facebook's WhatsApp and Messenger platforms.But a more critical point boosting the bullish thesis for TCEHY stock is WeChat's comprehensive nature. Like any messaging app, it's any easy way to connect with family, friends and colleagues. However, WeChat also arranges payments and books flights and hotel rooms.As China continues its push toward full modernization, WeChat will play a pivotal role. Therefore, you've got to keep TCEHY stock on your short list, irrespective of how you feel about the trade war. Ericsson (ERIC)Ericsson (NASDAQ:ERIC) and especially rival Nokia (NYSE:NOK) once dominated the "old school" cellphone market. But once Apple's iPhone launched, it has largely been dead man walking for ERIC stock.And there's really no question that Ericsson is a speculative name. For context, back during the tech bubble, ERIC stock once had a triple-digit price. Today, with shares firmly priced under $10, those glory days are long gone.Ordinarily, most conservative investors wouldn't give a second thought to Ericsson. However, with the telecom industry's 5G rollout, the long-embattled company suddenly has a lifeline. Through key global partnerships, Ericsson has provided the equipment necessary to implement this next-generation technology. As this rollout continues, ERIC stock may attract more investor dollars. * Do These 7 Retail Stocks Make the Grade? Analysts project growth of 35.1% next year, and nearly 64% per annum over the next five years. It's an interesting opportunity. However, just be careful that ERIC has a history of wild volatility. Credicorp (BAP)Admittedly, the idea of incorporating Credicorp (NYSE:BAP) into this list of international growth stocks is fraught with risk. As Peru's largest financial holding, BAP stock immediately loses credibility. If you haven't heard, the country is chest-deep in a political crisis. To very briefly summarize, Peru's president and vice president each claim to be the nation's rightful leader.So, why even think about BAP stock? For one thing, Peru has endured massive structural changes over the last few decades. While this present crisis is indeed worrisome, the Peruvian people have a long history of dealing with these high-level shenanigans. While I'm not trying to make light of the situation, it's not unreasonable to believe that the nation will eventually resume business as usual.When it does, Peru has interesting characteristics that could help lift BAP stock. Primarily, the country's GDP is mostly tied to the services sector. Because of that, Peru needs a robust workforce, which they have. Their population pyramid is very favorable, featuring a very large allocation of young people.As of this writing, Josh Enomoto is long gold bullion and SNE stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Do These 7 Retail Stocks Make the Grade? * The 10 Best CEOs of the Third Quarter * 5 Big IPOs That Are Getting Smashed The post 7 International Growth Stocks for Your Shortlist appeared first on InvestorPlace.
CEMEX, S.A.B. de C.V. announced today that Forbes ranked CEMEX the world’s 15th best-regarded company on its third annual list of the World’s Best Regarded Companies.
GoFor helps customers to solve the challenge of delivering building materials, allowing them to execute quickly through a very intuitive platform and the right selection of delivery vehicle according to the requested load. CEMEX strengthens its position on the forefront of innovation in the construction ecosystem with this investment focused on the final stage of the delivery process. CEMEX Ventures, CEMEX’s open innovation and Corporate Venture Capital unit, announced today its investment in GoFor Industries, a last-mile logistics marketplace for on-demand delivery of building materials and equipment for the home improvement and construction industries.
The $1.8 billion luxury condo project, developed by the Trump Group (no relation to the president) and built by general contractor Coastal Construction, will include two 50-story towers with a total of 247 units. The south tower will have 154 units, and the north tower will have 93 units. "A project like this where no expense has been spared to deliver an unrivaled luxury experience can obviously have their choice of suppliers," said Jeff Bobolts, CEMEX USA Regional President—Florida Region.
Do headlines of a slowing global economy or raised trade war threats have your attention? It may be time to look at the price charts of infrastructure stocks U.S. Steel (NYSE:X), Alcoa (NYSE:AA) and Cemex (NYSE:CX) to build long-term profits shorting and buying X stock, AA and shares of CX in your portfolio. Let me explain.Are you mulling why the Federal Reserve cut rates for the first time in over a decade? Or does the latest news of an additional 10% tariff on $300 billion in Chinese goods by the U.S. government have you worried? Well, you're not alone.These macroeconomic and geopolitical environment have Wall Street's undivided attention, while earnings season has quickly been shown the exit. But in order to profit from today's headlines, you have to look at the big picture. And that's where X stock, AA and CX come in.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 of the Most Shorted Stocks in the Markets Right Now Along with large-cap tech stocks such as Apple (NASDAQ:AAPL) or an industrial play like Caterpillar (NYSE:CAT), infrastructure stocks are obviously a group worth watching. And within this market area X, AA stock and shares of CX are companies to put on the radar for selling and buying based on what their price charts and not today's headlines are telling us. Infrastructure Stocks: U.S. Steel (X)U.S. Steel is the first of our three infrastructure stocks. The provided weekly chart shows X stock has formed a bearish flag beneath lateral resistance dating back to the financial crisis. Even U.S. Steel's better-than-expected earnings report hasn't been able to put a bid in this one!That's not the only bearish evidence in X stock either. Today's pattern is the second time where shares have fallen below support. Coupled with a failed uptrend attempt in 2018, this second attempt at breaking through this critical area looks all the more ominous. The X Stock Trade Short this infrastructure stock now and look for an eventual move towards the 2016 low. To keep losses contained and prevent fighting a bearish trend, I'd recommend a stop-loss slightly above the pattern high. Alcoa (AA)Alcoa is the next of our infrastructure stocks to put on your radar. However, I'm watching AA stock for a purchase. The monthly chart in AA stock does a good job of displaying a large broadening pattern that has developed over the past decade. Shares of Alcoa are near support and that's bullish.The formation isn't perfect, but life rarely is either. More importantly, I see the spirit of this corrective base as being intact. And with a bullishly diverging stochastics setup, a bottom should be closer, rather than farther away. The AA Stock TradeShould a confirmed candlestick low in this infrastructure stock form in the coming weeks, AA stock offers plenty of upside and bang for the buck. * 7 A-Rated Stocks Under $10 Based on the most recent pattern highs and angular resistance, a long in Alcoa could see $65 to $70 over the next 12 to 18 months. Cemex (CX)You'll have to be the judge of whether I left the best infrastructure stock for last. Mexico-based Cemex never quite recovered from last decade's financial crisis. And conditions could get a great deal worse for CX stock.Now, as a victim of slowing global growth and trade wars, CX stock has broken neckline support on its monthly chart. And with shares trading at $3.25 it's hard not to see this bearish pattern as possibly being the final straw for shares of CEMEX. The CX Stock TradeMy recommendation on CX stock is to gain short exposure today. I'd personally suggest a longer-term option such as the January 2021 $3 put. Priced for 55 cents, this bearish contract greatly reduces and limits risk in the event of an adverse pattern failure. And optimistically, if we're right this could be a near five-bagger.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 3 Infrastructure Stocks to Ground Your Trading appeared first on InvestorPlace.
Mexican cement maker Cemex SAB de CV reported a 3% fall in quarterly sales amid a drop in volumes in all its markets except the United States, sending the company's shares lower on Thursday. The global economic climate took a toll on Cemex's results, Chief Executive Fernando Gonzalez said in a statement. The lower volumes were partly offset by higher prices across the board, Cemex said.
Mexican cement producer Cemex SAB de CV on Thursday posted a 3% fall in quarterly sales, hurt by lower volumes in key markets such as Mexico. Chief Executive Officer Jaime Muguiro said cement demand trends remained positive in Colombia, but it was not enough to offset increases in coal, electricity and distribution costs in Colombia, and weaker markets across Central America.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that, for the fourth consecutive year, the Mexican Stock Exchange (Spanish:Bolsa Mexicana de Valores or BMV) recognized CEMEX as the company with the highest overall sustainability credentials from a total of 57 listed companies. As part of this annual assessment, CEMEX also outperformed the average score of its industry. For the eighth consecutive year, the Mexican Stock Exchange included CEMEX in its Sustainability Index, which comprises the top performers in the three pillars of sustainability: Corporate Governance, Social Responsibility, and Environmental Care.
On the edge of a possible economic hurricane, President Donald Trump is taking the biggest political gamble of his life. In an apparently contentious decision, Trump threatened a 5% tariff on all imported goods from Mexico beginning June 10. Like most of the administration's policy, there's a method behind the madness. But the madness also means you should consider now which stocks to sell.To understand this latest round of economic conflicts requires understanding Trump, an admittedly difficult task. Throughout his campaign, though, the former real-estate mogul made clear he wanted a border wall to stem Central American immigration. Frustrated with opposition stonewalling, the president overruled several of his key advisors. The optics that the commander-in-chief has gone rogue gives bearish investors extra incentive to target Mexican stocks to sell.Like clockwork, Mexican stocks did indeed fall. Once the tariff threats filtered throughout Wall Street, the exchange-traded fund iShares MSCI Mexico Capped ETF (NYSEARCA:EWW) dropped nearly 4%. As an export-driven economy, Mexico heavily depends on positive relations with the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut contrary to initial gut reactions, it's not just Mexican stocks that present challenges to investors. First, our neighbor to the south is a key partner to the global economy, not just the U.S. Second, many of the cheap or reasonably priced goods we enjoy, we have thanks to Mexico.In other words, we're going to suffer here in the U.S. too.The wrinkle in all this is that Mexico, again, heavily depends on us. As a result, Mexican President Andres Manuel Lopez Obrador has hinted at making concessions on migration management. * 7 Bank Stocks to Leave in the Vault Still, this is a dynamic situation because Mexico cannot show weakness, especially after years of suffering Trump's insults. Therefore, hold tight and watch these stocks to sell: Stocks to Sell: Ford (F)Having watched The Apprentice several times, President Trump would undoubtedly want to see Mexican stocks tumble into the abyss. But I believe that if this new tariff threat translates into a prolonged trade war, American icons like Ford (NYSE:F) will ultimately suffer the steepest consequences.Here's the thing about American cars: they're terribly overpriced for what you get but at least they're unreliable. According to Consumer Reports, Ford is the most reliable American car. Compared to all brands, they're ranked 18 out of 29. No wonder why F stock has taken a hit.But now, Ford executives are shifting their attention from Tokyo to Trump. Due to longstanding economic pressures, Ford along with its competitors have shifted production to Mexico. It was really the only way to keep F stock afloat. But with potential new tariffs on the horizon, the automaker will face double trouble from China and Mexico, leaving it begging to be included in a list of stocks to sell.Because historically, countries don't win dual-front battles. I'm sure the same could be said about dual-front trade wars. General Motors (GM)Source: GMIn recent weeks, I've really bashed American car brands like Ford and General Motors (NYSE:GM). Although it might seem unpatriotic to do so, I beg to differ. With a bailout and high hopes, we anticipated better things. Now, GM stock deserves its coming pain.I believe the real treason here is for American companies to sell their people junk goods which disproportionately affects poor and disenfranchised communities. To better illustrate my point, I highly recommend watching the "greed…is good" speech from the movie Wall Street. It's the American taxpayers that deserve better.But to be fair, GM stock was already on life support as the first round of the U.S.-China trade war kicked off. General Motors depends greatly on China, which is the world's largest automotive market. And thanks to unique historical and cultural factors, Chinese consumers love American car brands like GM. Of course, that loyalty is now under direct fire. * 7 Stocks to Buy for Monster Growth Tensions with Mexico, then, serve as the executioner's bullet. According to The Wall Street Journal, GM sold 663,000 Mexico-built vehicles in the U.S. This accounts for roughly 22% of domestic sales. If tensions escalate, you must put GM on your list of stocks to sell. Nissan Motor (NSANY)Source: Shutterstock Perhaps one of the most underappreciated components of this fresh conflict is that the bears won't simply focus on Mexico when seeking stocks to sell. In fact, in addition to U.S. companies, some of the worst victims will likely hail from abroad, such as Nissan (OTCMKTS:NSANY).While Japanese cars have transformed the automotive landscape, Nissan is decidedly the black sheep. Many years ago, the company sold its soul to the French, which was problem number one. Second, Japanese authorities arrested Nissan CEO Carlos Ghosn last year for financial-misconduct allegations.Thanks to its troubles, NSANY stock has crumbled this year. And unfortunately, tensions between the U.S. and Mexico threaten to undermine any comeback efforts.Nissan does significant business in Mexico. Anecdotally, several Mexicans with whom I spoke expressed pride in this brand. Unfortunately, market pressures have forced the company to scale back its Mexican operations. The tariff threats are exactly what NSANY stock doesn't need right now. Cemex (CX)Source: Dan Davison via Wikimedia (Modified)Invariably, when you're talking about potential tariffs against Mexico, you're most worried about which Mexican stocks to sell. Based purely on dynamic headlines, Cemex (NYSE:CX) stands to lose significant ground, especially if tensions don't find immediate resolution.For one thing, CX stock was already choppy heading into this stunning news. Shares slipped into negative territory for the year in April. They have since failed to return to the break-even point.But more worrisome are the broader implications. As an exporting economy, Mexico relies on its commodities distribution and manufacturing strengths. Specifically concerning Cemex's concrete business, Mexico exported nearly $184 million worth of the material last year. Our southern neighbor also ranks as one of the top-20 cement-exporting nations in the world. * 7 Stocks to Sell Amid an Escalating Trade War Therefore, a tariff on Mexico's exported goods would negatively impact Cemex's multinational business, which includes the U.S. Plus, Trump threatened additional tariffs beyond the 5% if he doesn't get certain concessions.It's an ugly situation all around for some Mexican stocks, and CX stock is among the ugliest. Wal-Mart de Mexico (WMMVY)Source: Shutterstock If Wal-Mart de Mexico (OTCMKTS:WMMVY) had a bit more trading volume here, I'd rank it higher among stocks to sell. Still, WMMVY stock is an easy one. Obviously, tariffs don't just hurt corporations. They filter down to the everyday man or woman working in those companies, eventually translating to consumer-sentiment erosion.But it's not all terrible news for WMMVY stock. Unlike many other Mexican stocks, Wal-Mart de Mexico shares have performed admirably this year. They've returned double digits since the January opener. So with another trade war possibly in the making, you have a great opportunity to pocket those profits.In other words, I think you should live for another day.Don't get me wrong: I think Mexico longer-term presents a wonderful opportunity. The country features a young labor force. This will become extremely relevant as developed countries focusing on digitalization will outsource their manufacturing components to other nations.But with a nationalistic president at the helm, you can't dismiss the threat toward all Mexican stocks. Kroger (KR)Source: Shutterstock Recently, The Washington Post ran a story entitled in part "Bigger than avocados." The implication, of course, is that Mexico is a huge exporter of food products and agricultural goods. As such, grocers like Kroger (NYSE:KR) face substantial risks. It's really no surprise that KR stock plummeted over 10% in May.Like the rest of this stocks to sell list, Kroger can ill afford a trade war with a major supplier. Even before the heightened tensions with both China and Mexico, KR stock was on the ropes. The company badly disappointed for its most recent earnings report, delivering only $28 billion in sales. That represented a 9.5% loss year-over-year.As you might expect, Kroger also suffered from squeezed margins. But with a potential trade war with Mexico, management has no choice but to push costs onto the consumer. * 7 Stocks to Buy for June I'm not sure how they'll react to this move, as the timing couldn't be worse. We're entering the summer season where gas prices typically jump. Additionally, the U.S.-China trade war might eliminate well-paying jobs, hurting the broader consumer base. Sony (SNE)Source: Game GavelThis one hurts me personally as I'm a shareholder. However, I think it's important to include Sony (NYSE:SNE) on this list of stocks to sell for two reasons. Number one, it limits the number of hate-mail and internet-stalking incidents I receive when writing bearish stories. Second and more importantly, I want to demonstrate my objectivity toward SNE stock and other risky names.Excepting the automakers, the other companies I mentioned have viable businesses. Unfortunately, the geopolitical winds just didn't turn favorably for them. Thus, I must respect the tape and resist fighting obvious challenges.SNE stock is a perfect example. Because consumer-tech leader Apple (NASDAQ:AAPL) is facing competitive threats to its hardware, I like Sony to disrupt them. Perhaps smartphones are dead ends, but the company has undisputed leadership in video games. With its massive content empire, Sony will likely maintain this advantage for several gaming-product cycles.But here's the problem right now: SNE, like other Japanese firms, made significant investments in Mexican manufacturing facilities. A possible tariff negatively impacts multiple Sony products, including high-profile ones like the PlayStation consoles.As of this writing, Josh Enomoto was long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post 7 Stocks to Sell Impacted by the Mexican Tariffs appeared first on InvestorPlace.
U.S. President Donald Trump announced a 5-percent tariff on all goods coming from Mexico, demanding the country curb illegal immigration into the U.S. Trump has long accused Mexico of not doing enough ...
MONTERREY, Mexico, May 30, 2019 /PRNewswire/ -- CEMEX announced today it has successfully completed the deployment of its CEMEX Go platform worldwide, setting the foundation for a higher standard of customer service in the global building materials industry. CEMEX is committed to proactively developing innovative products and cutting-edge solutions to help fulfill its customers' business needs. The ongoing success of CEMEX Go is a testament to the company's customer-centric commitment and relentless focus on continuous innovation and improvement.
CEMEX Go is a cutting-edge digital solution for customers’ business needs. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has successfully completed the deployment of its CEMEX Go platform, setting the foundation for a higher standard of customer service in the global building materials industry. CEMEX is committed to proactively developing innovative products and cutting-edge solutions to help fulfill its customers’ business needs.
The company has adopted the United Nations Sustainable Development Goals (SDGs) to help build a better future for society. It has called on business leaders to join this initiative and promote inclusive prosperity and sustainable development. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritizing five goals that are directly connected with the company’s business and represent a better opportunity to contribute to the UN 2030 Agenda.
CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced today its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network. Energy Vault’s transformative energy storage technology solves a key challenge for renewables, which have struggled to replace, in a significant manner, fossil fuel power due to production unpredictability and intermittency of wind and sunlight.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to close this divestment during the second quarter of 2019. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany.