During COP28 in Dubai, Cemex unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East.

The truck is fully operational and has the capacity to transport a full load of concrete. It is equipped with a state-of-the-art 350kWh battery which allows it to complete an average full workday with a single recharge.

Cemex is actively collaborating with partners and manufactures to discover, pilot, learn, and scale the long-term solutions needed for hybrid and zero-emission vehicles to be available at scale.

At the same time, Cemex is adding trucks powered by renewable diesel and natural gas which have a carbon footprint that is 70% and 25% lower than regular diesel, respectively. These critical transitional technologies will enable a reduction in carbon emissions in the short term as heavy-duty electric vehicles become viable at scale.

About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

Contact information

Media Relations
Jorge Pérez
+52 (81) 8259-6666
jorgeluis.perez@cemex.com

Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex’s most recent annual report and detailed from time to time in CEMEX’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations, expected results, and/or the project and investment referred in this press release not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

Cemex UAE, has announced signing a cooperation agreement with Star Cement Co LLC , a wholly owned subsidiary of UltraTech Cement Limited, India, an Aditya Birla Group Company. The partnership aims to recycle concrete waste in the construction industry as well as reduce carbon emissions and improve the overall environmental impact of construction projects.

Through the partnership, the companies will deploy new solutions to manage and reuse concrete waste by utilizing advanced and environmentally safe practices. Furthermore, Cemex will provide low carbon byproducts to Star Cement, helping to reduce the carbon footprint of the built environment.

“We are keen to connect and work closely with partners that possess an equal sense of urgency in addressing the challenges of climate change” said Rafael Villalona, Country Director Cemex UAE. “This partnership is one of the many consistent steps that we, as Cemex UAE, are taking towards our sustainability goals, and our Climate Action Program, 'Future in Action',” he added.

Ayman Attia, CEO, Star Cement, said, “We are delighted to collaborate with Cemex UAE, as a part of our unwavering endeavour to accelerate progress on our sustainability goals, which includes improving waste management practices and enhancing the circular economy. We are fully committed to UltraTech’s goal to achieve Net Zero by 2050. We believe in the value that this partnership will bring to the Building Materials industry specifically and to the environment in general”.

The partnership aligns with the UAE's 2050 vision to become a Net-Zero Nation and a Global Leader in Sustainability. Both companies are committed to embracing innovative solutions that contribute to a greener future for the Building Materials industry in the Middle East region.

Cemex UAE announced partnering with Thrifty Car Rental to change 13 of its vehicles to Polestar electric vehicles (EVs). This partnership aligns with Cemex global climate action program, "Future in Action," aimed at reducing the company's carbon footprint and promoting sustainable practices within the company’s operations.

The decision to shift to electric vehicles as part of Cemex UAE's daily operations is a strategic move that reflects the company's commitment to its environmental goals and its steady steps towards actively seeking innovative solutions to combat climate change.

About the partnership, Rafael Villalona, Country Director of Cemex UAE, said: "At Cemex, we recognize the urgent need to embrace sustainable practices within our circle of operations. By reducing our reliance on traditional fuel-powered vehicles and embracing technology, we are actively contributing to a cleaner environment and demonstrating our commitment to the sustainable development of the UAE.”

Thrifty Car Rental UAE – a group company of AA Al Moosa Enterprises ( ARENCO), was established in 1989 and specializes in fleet management, offering customized solutions for both individuals and corporations. The company is committed to providing sustainable transportation solutions, sharing Cemex’s vision for a better future.

Khaiser Pasha, General Manager of Thrifty Car Rental, commented, “We are delighted to support Cemex UAE in its journey towards decarbonization. Our partnership is a testament to the growing demand for sustainable alternatives in the transportation sector and we are glad to be fulfilling this demand. "

The partnership between Cemex UAE and Thrifty Car Rental underscores their commitment to actualize UAE's 2050 vision towards becoming a net-zero nation and a global leader in sustainability.

Cemex UAE announced that it has signed a contract with China State Construction Engineering Corporation to supply DAMAC Properties, a leading luxury real estate developer in the UAE, with around 105 Km³ of Vertua concrete for the construction of the iconic Cavalli Tower in Dubai Marina.

The Tower is a 70-storey ultra-luxurious residential building in collaboration with world famous luxury fashion designer Roberto Cavalli and is set to become a landmark in Dubai Marina. Cemex UAE is supplying Vertua concrete to the project to meet the high sustainability requirements and reduce around 36% CO₂ through Vertua.

Speaking about the project, Rafael Villalona, Cemex UAE Country Director, said, "We are proud to be contributing to the construction of the Cavalli Tower. Our Vertua products are more sustainable by design and reduce the carbon footprint of the construction process while maintaining the highest standards of quality and performance. The use of Vertua concrete in the construction of the Cavalli Tower aligns with our commitment to sustainability and innovation according to our climate action program, Future in Action."

DAMAC Properties has a track record of delivering some of the most iconic and luxurious developments in the UAE. The Cavalli Tower is another example of the company's commitment to quality and innovation in design and construction.

The use of Vertua concrete in the construction of the Cavalli Tower underscores the importance of sustainability in the construction industry and in the United Arab Emirates in line with the country’s 2030 vision. Cemex UAE is committed to providing more sustainable solutions that help its customers reduce their environmental impact while building high-quality structures that meet the most demanding standards.

Cemex announced today its partnership with Dutco Construction Company through supplying its low-carbon “Vertua” concrete to “The Link” project in Masdar City, Abu Dhabi.

The project involves the construction of 5 residential and commercial buildings spanning an area of 30,000 sqm in Masdar City, which is designed to be a sustainable urban living model with zero carbon emissions and zero waste. “The Link” – expected to be completed by Q2 2025 – will be the region's first Net-Zero energy shared working and living space that connects sustainable offices, residences, a visitor center, a multi-use hall, and leisure amenities.

Cemex UAE will supply 55,000m³ of Vertua Plus concrete which saves more than 60% CO₂. Vertua products are aligned with Masdar City's requirement and provides better durability and long-term strength.

According to Rafael Villalona, Cemex UAE Country Director, “We are proud to be a part of this prestigious project and to provide more sustainable cement and concrete solutions that align with the UAE’s 2030 vision.” He added: “Our partnership with Dutco Construction Company reflects our commitment to the development and prosperity of the UAE through delivering high-quality products and services that meet our clients' needs while promoting sustainability and environmental responsibility.”

The Link project will be constructed to LEED Platinum, WELL Gold, 4 Pearl PBRS Estidama, and LEED SmartPark Silver standards, with a planned annual energy reduction of up to 117%. The project is expected to use energy-efficient structures as well as sustainability features including high-efficiency heating, ventilation and cooling, energy monitoring, in addition to being powered by renewable energy.

Vertua is Cemex’s portfolio of products and solutions that are more sustainable by design and contribute to decarbonizing the built environment and building a better, more sustainable future. Vertua represents one of the pillars of the company’s climate action program “Future in Action”, which aims to achieve sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company.

Cemex UAE announced today that it will be contributing with its paving solution in the development of the topside infrastructure for its cutting-edge CMA Terminals Khalifa Port. Cemex will be providing over 200K m3 of Vertua CBGM Concrete to be used in paving with a continuous flow plant at site. This CBGM (Cement Bound Granular Material) will achieve up to 60% CO₂ reduction vs traditional paving concrete, by using blended cement and recycled material in the mix for the first time in the country.

The agreement between AD Ports & China Harbour Engineering Company includes the development of the first net zero carbon administration building to be constructed for the joint venture. The award-winning administration building, which won the Net Zero Design Building Project of the Year in October, will be a highly energy-efficient building that is powered from renewable energy sources and offsets.

In addition, the agreement will see the development of 28 office and utilities across the terminal, more than 1 million m² of yard paving, reefer stacks, STS cranes and access roads.

“We are proud to be taking an active role in supporting the implementation of UAE vision 2030 and be part of iconic sustainable projects in the country. The UAE vision is aligned with Cemex Climate Action program “Future in Action” and this encourages us to avail our technology, Innovation and solutions for the progress of the country’s vision.” says Rafael Villalona, Country Director of Cemex UAE. “Cemex is always keen to provide innovative solutions to cater its customers’ need of being at the forefront of a lower carbon industry.”

Vertua is Cemex's portfolio of products and solutions that are more sustainable by design and contribute to decarbonizing the built environment and building a better, more sustainable future for all. Vertua represents one of the pillars of the company’s climate action program “Future in Action”. The program aims to achieve sustainable excellence through climate action, circularity, and natural resource management with the primary objective of becoming a net-zero CO₂ company. Through Future in Action, Cemex has achieved record-breaking progress in reducing its carbon footprint during recent years.