Vertua Low-Carbon to Account for Majority of Cement and Concrete Sales By 2025
May 05 2022 - 7:30AM
Business Wire
- CEMEX establishes aggressive 2025 goal for Vertua cement and
concrete sales.
- Growth in Vertua cement and concrete volumes reflecting
significant customer adoption.
- Customers around the world using Vertua products for landmark
projects.
CEMEX, S.A.B. de C.V. (“CEMEX) announced today that it is
setting an ambitious goal for its Vertua low-carbon cement and
concrete products of reaching more than half of all cement and
concrete sales by 2025.
Vertua cement and concrete play an important role in the
transition of the built environment to a net-zero world, meeting
customer needs through low-carbon products without compromising
performance. The development and customer acceptance of Vertua
low-carbon products serves as an important milestone in CEMEX´s
journey to become a net-zero CO2 company by 2050.
“The ultimate objective of our Future in Action program is to
provide our customers with net-zero carbon products and solutions,”
said Fernando A. Gonzalez, CEO of CEMEX. "Our Vertua products are
an important step in this direction, designed to meet society’s
demand for resilient and long-lasting buildings and infrastructure
built with a lower carbon footprint.”
Vertua products have a CO2 reduction of at least 25% versus
traditional cements. In concrete, the CO2 reduction ranges from 30%
up to a full net-zero option.
After a successful global launch in 2020, Vertua products have
been widely accepted by customers worldwide. Vertua cement and
concrete accounted for 34% and 31% of total sales, respectively in
the first quarter of 2022, almost double the prior year. This
adoption rate speaks to strong customer demand for low-carbon
products.
Vertua concrete has already been used in landmark projects
around the world like La Marseillaise, a new skyscraper in
Marseille; as well as in the new HS2 high-speed railway in London;
the Querétaro-Irapuato highway in Mexico; the new San Diego State
University stadium in California; and the Pereira shopping center
in Colombia, among many others.
Vertua cement and concrete have been rolled out in Colombia,
Croatia, the Czech Republic, the Dominican Republic, Egypt, France,
Germany, Guatemala, Mexico, Panama, the Philippines, Poland, Puerto
Rico, Spain, the US, the UK, and the United Arab Emirates.
CEMEX (NYSE: CX) 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 use 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: cemex.com
CEMEX assumes no obligation to update or correct the information
contained in this press release. 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. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. 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. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220505005489/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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