Cemex, S.A.B. de C.V. together with its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, clinker, other construction materials and Urbanization Solutions worldwide.
The company also provides related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world.
The company operates in different parts of the world, with operat...
Cemex, S.A.B. de C.V. together with its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, clinker, other construction materials and Urbanization Solutions worldwide.
The company also provides related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world.
The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA (Europe, the Middle East and Africa) region and the SCA&C (South America, Central America and the Caribbean) region.
As of December 31, 2024, the company’s cement production facilities were located in Mexico, the United States, the United Kingdom, Germany, Spain, Poland, the Czech Republic, Croatia, Egypt, the UAE, Colombia, Panama, Nicaragua (leased), Dominican Republic, Puerto Rico, Trinidad and Tobago, Jamaica and Barbados.
The company has also built an extensive network of marine and land-based distribution centers and terminals that gives it marketing access around the world.
On September 3, 2024, the company acquired from the Heim Group in Germany a 51% controlling interest in RC-Baustoffe Berlin GmbH & Co. KG (‘RC-Baustoffe Berlin’), a Berlin-based recycling company that processes mineral construction, demolition, excavation materials and operates one plant to permanently store biogenic CO2 in recycled mineral waste.
Businesses
The company strives to provide superior building solutions in the markets it serves. To this end, the company tailors its products and services to suit customers’ specific needs, from home construction, improvement, and renovation to infrastructure, commercial, industrial, agricultural, and marine/hydraulic applications.
Cement
Cement is a binding agent, which, when mixed with sand, stone or other aggregates and water, produces either ready-mix concrete or mortar. Whether in bags or in bulk, the company provides its customers with high-quality branded cement products and services. The company uses its professional knowledge and experience to develop customized products designed to satisfy the company’s clients’ specific requirements and that also foster sustainable construction. In many of the countries where the company has cement operations, a large proportion of cement sold is a bagged, branded product. The company often delivers the product to a large number of distribution outlets such that its bagged, branded cement is available to the end users at a point of sale in close proximity to where the product will be used. The company seeks to develop brand identity and recognition in its bagged product.
The company manufactures cement through a controlled chemical process, which begins with the mining and crushing of limestone and clay, and, in some instances, other raw materials. The clay and limestone are then pre-homogenized, a process which consists of combining different types of clay and limestone. The mix is typically dried, then fed into a grinder which grinds the various materials in preparation for the kiln. The raw materials are calcined, or processed, at a very high temperature in a kiln, to produce clinker. Clinker is the intermediate product used in the manufacture of cement. For limestone, clay and gypsum, requirements are based on chemical composition that, depending on the other materials available, matches the quality demanded by the production process. For cement limestone, clay and gypsum, the company runs chemical tests to prepare the mining plan of the quarry, to confirm material quality and reduce variations in the mineral content. The company considers that limestone and clay quality of its cement raw materials quarries are adequate for the cement production process.
There are two primary processes used to manufacture cement: the dry process and the wet process. The dry process is more fuel efficient. As of December 31, 2024, 48 of the company’s 50 operative cement production plants used the dry process and two used the wet process. The company’s operative production plants that use the wet process are in Nicaragua (leased) and Trinidad and Tobago. In the wet process, the raw materials are mixed with water to form slurry, which is fed into a kiln. Fuel costs are greater in the wet process than in the dry process because the water that is added to the raw materials to form slurry must be evaporated during the clinker manufacturing process. In the dry process, the addition of water and the formation of slurry are eliminated, and clinker is formed by calcining the dry raw materials. In the most modern application of this dry process technology, the raw materials are first blended in a homogenizing silo and processed through a pre-heater tower that utilizes exhaust heat generated by the kiln to pre-calcine the raw materials before they are calcined to produce clinker.
Clinker and gypsum are fed in pre-established proportions into a cement grinding mill where they are ground into an extremely fine powder to produce finished cement. The company primarily covers its gypsum needs from third parties; however, as of December 31, 2024, it also operates gypsum quarries in Mexico, Jamaica and the Dominican Republic and Egypt. The company’s main types of cement include the following:
Gray Portland Cement
The company’s gray portland cement is a high-quality, cost-effective building material, mainly composed of clinker, which meets applicable chemical and physical requirements and is widely used in all construction segments: residential, commercial, industrial, and public infrastructure.
White Cement
The company manufactures this type of cement with limestone, low iron content kaolin clay, and gypsum. Customers use the company’s white portland cement in architectural works requiring great brightness and artistic finishes, to create mosaics and artificial granite, and for sculptural casts and other applications where white prevails.
Masonry or Mortar
Masonry or mortar is a portland cement that the company mix with finely ground inert matter (limestone). The company’s customers use this type of cement for multiple purposes, including concrete blocks, templates, road surfaces, finishes, and brick work.
Blended Cement
Blended hydraulic cements are produced by inter-grinding or blending portland cement and supplementary cementitious materials, such as ground granulated blast furnace slag, fly ash, silica fume, calcined clay, hydrated limestone, and other pozzolans. The use of blended cements in ready-mix concrete reduces mixing water and bleeding, improves workability and finishing, inhibits sulfate attack and the alkali-aggregate reaction, and reduces the heat of hydration. Cemex offers an array of blended cements which has a lower CO2 footprint resulting from their lower clinker content due to the addition of supplementary cementitious materials. The use of blended cements reinforces the company’s dedication to sustainable practices and furthers its objective of offering an increasing range of products with sustainable attributes.
Ready-Mix Concrete
Ready-mix concrete is a combination of cement, fine and coarse aggregates, admixtures (which control properties of the concrete including plasticity, pumpability, freeze-thaw resistance, strength and setting time), and water. The company tailors its ready-mix concrete to fit the company’s clients’ specific needs. By changing the proportion of water, aggregates, and cement in the mix, the company modifies its concrete’s resistance, manageability, and finish. The company also uses additives to customize its concrete consistent with the transportation time from the company’s plant to the project, weather conditions at the construction site, and the project’s specifications. From the company’s water-resistant to its self-compacting concrete, the company produces a wide variety of specially designed concrete to meet the many challenges of modern construction.
The company develops solutions based on its thorough knowledge and application of ready-mix concrete technology. Leveraging years of experience, a global pool of knowledge, and state-of-the-art expertise about the different ready-mix concrete constituents and their interaction, the company offers its customers tailor-designed concrete. Cemex ready-mix concrete technologists are able to modify the properties of concrete through the use of innovative chemical admixtures, combined with the proper proportions of the various concrete constituents. For example, depending on the type of application and jobsite requirements, the company can design ready-mix concrete that is more fluid, stronger, develops strength faster, and retains workability longer. Through the development of chemical admixtures solutions, its researchers design special concretes that fulfill the construction industry’s increasingly demanding performance requirements. Cemex offers a special ready-mix concrete portfolio, consists of such products as ultra- rapid hardening concrete, crack-resistant/low shrinkage concrete, self-consolidating concrete, architectural concrete, pervious concrete, antibacterial concrete, and a number of others.
The company continuously works to improve the properties of ready-mix concrete that make it a key component of construction with sustainable attributes: durability, resistance to aggressive environments, light reflection, and capacity to store energy, among others. The company also constantly works to develop innovative solutions that advance the sustainable attributes of structures made with ready-mix concrete. This way, the company’s customers can design buildings with sustainable attributes that can take advantage of the benefits of concrete in a wide range of applications. The company offers engineered concrete for harbors and bridges with a distinctive design of high-performance concrete that combines durability and low maintenance with resistance to aggressive environments, and for industrial applications which consists of concrete with high acid resistance which is robust and durable for such uses as cooling towers. The company also offers concrete for building and housing used for structures such as self-compacting concrete that improves the strength and durability of building structures, while reducing energy use and noise due to concrete vibration, and envelope concrete such as structural lightweight concrete or insulating concrete forms which offer insulation solutions to improve energy efficiency in buildings, and concrete for building design that takes advantage of concrete’s capacity to store energy-its thermal mass-minimizing temperature fluctuations in a building over the course of the day, reducing the need for additional heating and cooling. The company also offers ready-mix concrete for water and wastewater management and for roads and pavements.
The types of ready-mix concrete the company offers its clients include, but are not limited to:
Standard Ready-Mix Concrete: Standard ready-mix concrete is the most common form of concrete. It is prepared for delivery at a concrete plant instead of mixed on the construction site.
Architectural and Decorative Concrete: This type of ready-mix concrete can provide a structural function, as well as an aesthetic or decorative finish. It can offer smooth or rough surfaces or textures, as well as a variety or range of colors.
Rapid-Setting Concrete: Designed to enhance early strength development, this type of ready-mix concrete allows fast formwork removal, accelerated construction sequencing, and rapid repair for such jobs as roads and airport runways. Typically used in low temperature (5-10°C) concreting during winter, this type of ready-mix concrete can also be used in buildings, railways, and precast applications. In addition to saving time, this type of ready-mix concrete technology offers improved durability and acid resistance.
Fiber-Reinforced Concrete: Ready-mix concrete designed with micro or macro fibers that can be used either for structural applications, where the fibers can potentially substitute for steel rebar reinforcement, or for reducing shrinkage, primarily early age shrinkage. Macro fibers can significantly increase the ductility of concrete, making it highly resistant to crack formation and propagation.
Fluid-Fill Concrete: Fluid mortar or ready-mix concrete simplifies the process of laying pipe and cable by surrounding the pipe or cable with a tightly packed shell that provides protection from the elements, prevents settling, and enables crews to work quickly.
Roller-Compacted Concrete: Compacted in place and cured, roller-compacted concrete is a zero-slump ready-mix concrete with the abrasion resistance to withstand high velocity water, making it the material of choice for spillways and other infrastructure subject to high flow conditions. It represents a competitive solution in terms of cost and durability when compared to asphalt.
Self-Consolidating Concrete: Self-consolidating concrete has very high flow; therefore, it is self-leveling, eliminating the need for vibration. Due to the superplasticizers used, chemical admixtures that impart extremely high flow, self-consolidating concrete exhibits very high compaction as a result of its low air content. Consequently, self-consolidating concrete can have very high strengths, exceeding 50 megapascals.
Pervious Concrete: Because of its unique design mix, pervious concrete is a highly porous material that allows water, particularly rainwater, to filter through, reduces flooding and heat concentration by up to 4°C, and helps to prevent skidding on wet roads. This ready-mix concrete is ideally used in parking lots, footpaths, and swimming pool border applications.
Antibacterial Concrete: This type of ready-mix concrete helps to control bacteria growth and is used to help maintain clean environments in structures, such as hospitals, laboratories, and farms.
Aggregates
The company is one of the world’s largest suppliers of aggregates: primarily the crushed stone, sand, and gravel, used in all forms of construction. The company’s customers use its aggregates for a wide array of applications as a key component in the construction and maintenance of highways, walkways, parking lots, airport runways, and railways; for drainage, water filtration, purification, and erosion control; as fill material; for sand traps on golf courses, beaches, playing field surfaces, horse racing tracks, and related applications; and to build bridges, homes, and schools.
Aggregates are obtained from land-based sources such as sand and gravel pits and rock quarries or by dredging marine deposits.
Hard Rock Production: Rock quarries usually operate for at least 30 years and are developed in distinct benches or steps. A controlled explosion is normally used to release the rock from the working face. It is then transported by truck or conveyor to a crusher to go through a series of crushing and screening stages to produce a range of final sizes to suit customers’ needs. Dry stone is delivered by road, rail, or water from the quarry.
Sand and Gravel Production: Sand and gravel quarries are much shallower than rock quarries and are usually worked and restored in progressive phases. Water can either be pumped out of the quarries allowing them to be worked dry or they can be operated as lakes with extraction below water. A conveyor draws the raw material into the processing plant where it is washed to remove unwanted clay and to separate sand. Sand separated during processing is dewatered and stockpiled. Gravel then passes over a series of screens that sieve the material into different sizes. Processing separates the gravel into stockpiles in a range of sizes for delivery.
Marine Aggregate Production: A significant proportion of the demand for aggregates is satisfied from rivers, lakes, and seabeds. Marine resources are increasingly important to the sustainable growth of the building materials industry. Marine aggregates also play a key role in replenishing beaches and protecting coastlines from erosion. At sea, satellite navigation is used to position a vessel precisely within its licensed dredging area. Vessels trail a pipe along the seabed and use powerful suction pumps to draw sand and gravel into the cargo hold. Dredged material is discharged at wharves, where it is processed, screened, and washed for delivery.
Aggregates are an indispensable ingredient in ready-mix concrete, asphalt, and mortar. Accounting for 60% to 75% of ready-mix concrete’s volume, aggregates strongly influence concrete’s freshly mixed and hardened properties. Aggregates not only increase concrete’s strength, but also can make the mix more compact, enabling applications such as weatherproofing and heat retention. They can further contribute to concrete’s aesthetic qualities. For example, sand gives surface treatments their brightness.
The types of aggregates the company offers its clients include, but are not limited to:
Crushed Stone and Manufactured Sand: These products are obtained by mining rock and breaking it down to a preferred size. In the case of manufactured sand, the product is obtained by crushing rock to the selected shape or texture, ensuring product and project specifications are met. Sources of crushed stone can be igneous, sedimentary, or metamorphic.
Gravel: Gravel deposits are produced through a natural process of weathering and erosion. It can be used for roads, for concrete manufacturing, or for decorative purposes.
Sand: Sand occurs naturally and is composed of fine rock material and mineral particles. Its composition is variable depending on the source. It can be used for roads, concrete manufacturing, or sanitation.
Recycled Concrete: Recycled concrete is created by breaking, removing, and crushing existing concrete to a preferred size. It is commonly used as a base layer for other construction materials because it compacts to form a firm surface.
Urbanization Solutions
Urbanization Solutions is one of the company’s four core businesses, a portfolio of products and services that leverages its building materials expertise to offer complementary solutions for sustainable cities, emphasizing net-zero and sustainability, circular solutions, and resilient buildings and infrastructure. Urbanization Solutions focuses on four key market segments:
Performance Materials.
Performance materials are formulated products that are used to modify or enhance the performance of building materials and construction systems. Performance materials include admixtures, mortars (e.g., masonry, rendering and plastering, tile setting systems, among others) and asphalt. The following are examples of performance materials the company offers to its customers:
Admixtures ISOMILL 4000 Series grinding aids and cement enhancers that provide significant carbon reduction, higher process efficiency and enhanced strength.
Admixtures ISOFLOW 6000 Series high-performance superplasticizer technology for ready-mixed concrete producers that enable water and carbon reduction of up to 50% in concrete mix designs.
Cemex dry silo mortar provides an innovative and efficient solution to mortar delivery, particularly to larger sites. There is no need for mixing areas on site as all the material is pre-blended in the silo. The guaranteed color, consistency and controlled workability are backed up by Cemex’s training and support. The resolute Cemex dry silo team can support with silo placement and specification.
VIALOW is the company’s low temperature asphalt, which enables quicker re-opening of road works after completion, as the asphalt reaches appropriate trafficking temperatures faster than conventional hot mix asphalt. VIALOW reduced carbon asphalt includes the option to offset residual CO2 to provide a carbon neutral product, in accordance with the CarbonNeutral Protocol.
Industrialized Construction.
The company manufactures finished building elements that are easy and safe to transport and install on-site. Industrialized construction products range from precast components to complete structures, 2D panels, 3D modules, 3D structures, etc. The following are examples of industrialized construction products the company offers to its customers:
Precast elements for mobility and urban infrastructure: These include rail sleepers, box culverts, bridges, drainage basins, barriers, and parking curbs.
High-end architectural concrete products with a range of styles for different building and urban landscaping projects: these include fully serviced façade panels, standard and architectural blocks, block paving, and decorative paving solutions.
Social infrastructure solutions for rapid response: These include solutions like fully equipped COVID-19 hospital sections.
Circularity
The company provides services that improve the circularity of the construction value chain by focusing on three waste streams:
Construction, Demolition & Excavation Materials—These are generated specifically from the built environment. All debris, returned concrete, bricks, shingles, wood, excavation soil, etc., that can be recycled and reintegrated is incorporated into the construction value chain as raw materials. As an example, the Cemex Circularity Center in France, located in an industrial harbor in Paris, offers a wide range of circular economy services to the construction industry. The center receives a variety of materials, including construction, demolition, and excavation waste, which is processed and transformed into recycled aggregates used in different infrastructure projects, such as the Grand Paris, and as insert materials for land restoration.
Industrial by-products—These are derived from waste streams of various industries. This allows Cemex to contribute to the preservation of natural resources and reduce the company’s CO2 footprint. Substances, such as slag, fly ashes, calcined clays, and other decarbonated raw materials serve as alternatives to limestone and clinker in its production processes.
Municipal & Industrial Waste—These originate from households, commercial activities, and industrial operations, including the waste generated from the company’s increasing operational presence in metropolitan areas in Mexico. The process sorts out recyclables from waste streams, and then transforms most of the remaining non-recyclable waste into alternative fuels. These fuels replace part of the fossil fuels used in the company’s cement kilns, subsequently increasing the sustainability attributes of its products, and reducing its carbon footprint.
The company’s Regenera business is part of the Circularity segment of Urbanization Solutions.
Related Services
The company provides complementary services to offer integrated solutions through logistics and transportation, retail, pavement services and design and engineering, among others, which add value along the construction value chain. These services enable Cemex to provide value for the company’s customers by offering building solutions for their construction needs. The following are examples of related services it offers to the company’s customers:
Logistics services provide multi-faceted transportation solutions like Alliera (a business unit that provides supply chain solutions in North America), as well as the company’s New Line Transport business that serves the pneumatic tank, aggregate dump, and flatbed markets promoting safety and providing a superior customer service through a centralized customer care dispatch center.
Retail services like ConstruramaSupply, an eCommerce platform for construction materials such as steel, hardware, plumbing, finishes and electrical material that brings the Cemex product offer closer to the Construrama retail network.
Pavement services specialize in surface schemes from major highways and airfield surfacing to business parks, car parks, storage, and materials handling depots where the company offers a comprehensive range of paving solutions to both private and public sector clients.
Design and engineering services like Construhub, a Building Information Modeling (‘BIM’) platform based on BIM methodology that reduces risks, improves quality, and facilitates the delivery of projects on time and within budget for the company’s clients.
Services
The company continuously communicates and interacts with its customers to try to identify and implement effective ways to meet their toughest challenges. The company recognizes that customer loyalty happens by design, not by chance.
In each market and locality in which the company operates, it seeks to provide its customers with integrated building solutions. For example, to solve infrastructure needs in major cities, the company provides ready-mix concrete, but for some projects it also designs the project, define technical solutions, offer different financial schemes, and execute the project in collaboration with local builders. Similarly, the company collaborates with its neighbors in small, less-affluent communities to help them try and solve their housing needs and pave their streets and sidewalks.
The following are examples of the different services offered to the company’s customers throughout its operations:
Enhanced Loading Experience: This service offers the company’s customers flexibility and efficiency by applying technologies and solutions in the loading process to, among other results, minimize loading time and improve truck efficiency. These technologies and solutions include ATM-like bulk-cement, fast lanes, real time loading status, license plate recognition, and radio-frequency identification. Aligned with the company’s commitment to provide flexibility and efficiency to its customers, the company continues to evolve and enhance loading technology. Over the past year, the company has improved processes by implementing innovative technologies and solutions to further reduce loading times and optimize truck efficiency. Additionally, this initiative has proven successful and is being replicated in other countries, strengthening the company’s global network, and ensuring a faster and more effective loading experience for customers.
Control Tower: As part of the company’s commitment in seeking operational excellence, its Control Tower integrated multiple services, including safety and real-time inventory visibility, to enhance supply chain efficiency. By leveraging advanced technologies and data-driven insights, the company improves coordination, reduce disruptions, and optimize decision-making. These capabilities enable it to enhance customer order fulfillment, so that the company’s customers receive their orders accurately, on time, and in optimal conditions.
Customer-oriented Educational and Training Services: Webinars continue to be an effective channel to engage with existing and potential customers. In 2024, Cemex hosted over 48 webinars on several topics, including Cemex Go trainings about new functionalities, new product releases, Vertua, and sustainability.
Online Services: Throughout 2024, the company focuses on rolling out the online connection experience with digital confirmation, allowing customers to confirm orders in real-time from both mobile and web platforms throughout multiple U.S. markets and the United Kingdom. This new feature includes the ability to fully manage orders, which allows consumers to modify, cancel, and repeat orders at any time during the online process without interruption. In 2024, the company also introduced the Multiple Orders feature, which allows customers to create and confirm several orders at the same time, as well as the Various Locations feature, which provides customers the ability to create new points of delivery and receive instant confirmation.
Service Centers: The company’s Service Centers globally play a key role in providing which is a superior customer experience to the company’s customers. In 2024, the company significantly advanced standard processes and platforms for its omnichannel customer experience and leveraged data to enable and promote rich, agile, personalized and ‘Digital First’ customer interactions.
Technical Support. The company strives to provide value beyond fulfilling its customers’ need for cement, aggregates, ready-mix concrete, and related products, such as mortar.
Strategic Priorities
The company's strategy is to create value and deliver sustainable growth by building and managing a global portfolio of cement, ready-mix concrete, aggregates, and Urbanization Solutions businesses. The company's strategic priorities are Health and Safety ('H&S'), Customer Centricity, Sustainability, and Innovation. During 2024, the company continued to advance its corporate strategy.
User Base
Cement is the primary building material in the industrial and residential construction sectors of the majority of markets in which the company operates. The primary end-users of cement in each region in which the company operates vary but usually include, among others, wholesalers, ready-mix concrete producers, industrial customers, and contractors in bulk. Additionally, sales of bagged cement to individuals for self-construction and other basic needs have traditionally been a significant component of the retail sector. The end-users of ready-mix concrete include homebuilders, commercial and industrial building contractors and road builders. Major end-users of aggregates include ready-mix concrete producers, mortar producers, general building contractors and those engaged in road building activity, asphalt producers and concrete product producers. The company’s Urbanization Solutions has a wide user base which includes, but is not limited to, architects, civil engineers, builders, developers and paving and general contractors, in addition to ready-mix concrete, cement and mortars producers. In summary, because of the many favorable qualities of the company’s products and solutions, a considerable number of builders and other users worldwide use its cement, ready-mix concrete, aggregates, and Urbanization Solutions for almost every kind of construction project in the infrastructure, commercial and residential segments. As of December 31, 2024, the company did not depend on any single existing customer to conduct its business and the loss of any of the company’s existing customers individually. For the period ended December 31, 2024, none of the company’s individual customers represented more than 10% of its consolidated revenues.
Operations in Mexico
Following the completion of its expansion involving the construction of a new kiln and a mill, as of December 31, 2024, the company’s Tepeaca cement plant in Puebla, Mexico had a production capacity of 4.2 million tons of cement per year based on mill capacity.
In March 2022, following the successful restart of the company’s operations in its CPN cement plant in Sonora, the company announced the reactivation of its second kiln in the company’s CPN cement plant in Sonora to continue leveraging Cemex’s regional trading network to meet growing cement demand throughout the western United States. This project was completed during the fourth quarter of 2022.
In 2001, the company launched the Construrama program, a registered brand name for construction material stores. Through this program, the company offers to an exclusive group of its Mexican distributors the opportunity to sell a variety of products under the Construrama brand name, a concept that includes the standardization of stores, image, marketing, products, and services. As of December 31, 2024, 1,161 independent concessionaries with various stores were integrated into the Construrama program, with nationwide coverage.
Cement in Mexico is sold through distributors, with the remaining balance sold through ready-mix concrete producers, manufacturers of precast concrete products and construction contractors. Cement sold through distributors is mixed with aggregates and water by the end user at the construction site to form concrete.
The company owns the registered trademarks for its brands in Mexico, such as Tolteca, Monterrey, Maya, Anahuac, Campana, Gallo, and Centenario, for gray cements and mortar and, additionally, Multiplast for coatings. Recently the company launched Antihumedad cement, a grey Portland cement with advanced water-repellent properties that inhibit moisture filtration. The company also has trademark registrations for its special concrete’s brands, such as Promptis, Resilia, Pervia , Insularis, and Evolution. In Mexico, the company introduced Vertua as a value cement and concrete brand. Vertua is Cemex’s global brand for low carbon footprint products. In addition, the company owns the registered trademark for the Construrama brand name for construction material stores and for its new digital solution the company has trademark registrations for Cemex Go and Olivia.
Urbanization Solutions: In Mexico, for the year ended December 31, 2024, in terms of revenues, the company’s circularity, admixtures, and mortars verticals were the main contributors. These businesses are located across Mexico.
The company operates cement plants on the Gulf of Mexico and Pacific coasts of Mexico, most of the time allowing it to take advantage of attractive transportation costs to export to the United States and the SCA&C region, when possible.
Products and Distribution Channels
Cement: For the year ended December 31, 2024, the company’s cement operations represented 54% of its external revenues from the company’s operations in Mexico.
Ready-Mix Concrete: For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 30% of its external revenues from the company’s operations in Mexico in Dollar terms. The company’s ready-mix concrete operations in Mexico purchase all their cement requirements from its cement operations in Mexico. Ready-mix concrete is sold through the company’s own internal sales force and facilities network.
Aggregate: For the year ended December 31, 2024, the company’s aggregates operations represented 3% of its external revenues from the company’s operations in Mexico
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 13% of its external revenues from the company’s operations in Mexico in Dollar terms.
Exports: The company’s operations in Mexico export a portion of their cement production, in the form of cement and to a lesser extent in the form of clinker. Exports of cement by the company’s operations in Mexico represented 6% of its total cement sales volume in Mexico for 2024. In 2024, 83% of the company’s cement exports from Mexico were to the United States and 17% were to its Rest of SCA&C segment.
The cement and clinker exports by the company’s operations in Mexico to the United States are mostly marketed through its trading network subsidiaries. The company’s cement and clinker transactions between Cemex and its subsidiaries, are conducted on an arm’s-length basis.
Properties, Plants and Equipment
As of December 31, 2024, the company had 15 wholly owned cement plants (all of them active) with a cement installed capacity of 28.2 million tons per year and proportional interests through associates in three other cement plants located throughout Mexico. The company has exclusive access to limestone quarries and clay reserves near each of its plant sites in Mexico. As of December 31, 2024, all the company’s producing plants in Mexico utilized the dry process.
As of December 31, 2024, the company had a network of 99 land distribution centers in Mexico, which are supplied through a fleet of its own trucks and rail cars, as well as leased trucks and rail facilities, and operated eight marine terminals. In addition, the company had 260 ready-mix concrete plants (44 were temporarily inactive) throughout 73 cities in Mexico, various ready-mix concrete delivery trucks and aggregates quarries.
Operations in the United States
For the year ended December 31, 2024, the company’s operations in the United States represented 32% of its consolidated external revenues. As of December 31, 2024, the company’s operations in the United States represented 17% of its total installed cement capacity and 48% of the company’s total assets, in Dollar terms. As of December 31, 2024, Cemex, Inc. is the main holding company of the company’s operating subsidiaries in the United States.
On September 23, 2013, the company and Concrete Supply Company, a leading producer of ready-mix concrete throughout North and South Carolina, entered into a joint venture agreement and formed a joint venture company named Concrete Supply Co. LLC, in which Concrete Supply Holdings Co. holds a majority ownership stake in and acts as the managing member. This joint venture is a locally managed leading concrete supplier in North and South Carolina.
Competition
As of December 31, 2024, the company’s principal competitors in the United States were Holcim, CRH plc, Buzzi-Unicem SpA, Summit Materials Inc., and Heidelberg Materials AG.
Urbanization Solutions: In the United States, for the year ended December 31, 2024, in terms of revenues, related services and concrete block were the main contributors. These businesses are in the state of Florida.
Operating Network in the United States
Products and Distribution Channels
Cement
For the year ended December 31, 2024, the company’s cement operations represented 23% of its external revenues from the company’s operations in the United States, in Dollar terms. In the United States, the company delivers a substantial portion of cement by rail, which occasionally goes directly to customers. Otherwise, shipments go to distribution terminals where customers pick up the product by truck or the company delivers the product by truck. The majority of the company’s cement sales in the United States are made directly to users of gray portland and masonry cements, generally within a radius of approximately 200 miles of each plant.
Ready-Mix Concrete
For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 56% of its external revenues from the company’s operations in the United States, in Dollar terms. The company’s ready-mix concrete operations in the United States purchase most of their cement aggregates requirements from its cement operations in the United States. The company’s ready-mix concrete products are sold to residential, commercial, and public contractors and to building companies.
Aggregates
For the year ended December 31, 2024, the company’s aggregates operations represented 18% of its external revenues from the company’s operations in the United States. The company’s aggregates are consumed by its internal operations and by the company’s trade customers in the ready-mix, concrete products and asphalt industries.
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 3% of its external revenues from the company’s operations in the United States in Dollar terms.
Properties, Plants and Equipment
As of December 31, 2024, the company operated a geographically diverse base of 10 cement manufacturing plants in the United States (two were temporarily inactive) located in Alabama, California, Colorado, Florida, Georgia, Pennsylvania, Tennessee, and Texas, and had a total installed cement capacity of 14.1 million tons per year. As of December 31, 2024, the company operated a distribution network of thirty-three cement terminals (four of which it distributed fly ash through) and eleven deep-water import terminals. All the company’s ten cement production facilities in 2024 were wholly owned by Cemex, Inc. As of December 31, 2024, Cemex, Inc. had 290 ready-mix concrete plants (41 were temporarily inactive) located in Alabama, Arizona, California, Florida, Georgia, Idaho, Nevada, Tennessee, Texas, and Virginia and operated a total of 47 aggregates quarries (eight were temporarily inactive) in Arizona, California, Florida, Georgia, Nevada, South Carolina, and Texas, one of these quarries was in Canada. As of December 31, 2024, the company had twenty concrete block facilities.
In the United States, the company has continued to take a number of actions to streamline its operations and improve productivity, including temporary capacity adjustments and rationalizations in some of the company’s cement plants, and shutdowns of ready-mix concrete and block plants and aggregates quarries. As of December 31, 2024, the company is utilizing approximately 86% of its ready-mix concrete plants, 100% of the company’s block manufacturing plants and 82% of its operating aggregates quarries in the United States.
EMEA
For the year ended December 31, 2024, the company’s business in the EMEA region, which includes its operations in the EMEA region and the Rest of EMEA segment, represented 29% of the company’s consolidated external revenues. As of December 31, 2024, the company’s operations in the EMEA region represented 34% of its total installed capacity and 20% of the company’s total assets.
Operations in the United Kingdom
For the year ended December 31, 2024, the company’s operations in the United Kingdom represented 6% of its consolidated external revenues. As of December 31, 2024, the company’s operations in the United Kingdom represented 5% of its total assets.
As of December 31, 2024, the company is a leading provider of building materials in the United Kingdom with vertically integrated cement, ready-mix concrete, aggregates and asphalt operations, and it is also an important provider of concrete and precast materials solutions such as concrete block, concrete block paving, flooring systems and sleepers for rail infrastructure.
Competition
As of December 31, 2024, the company’s primary competitors in the United Kingdom are: Tarmac (owned by CRH plc after divestments by Lafarge and Holcim during their merger), Hanson (a subsidiary of Heidelberg), Aggregate Industries (a subsidiary of Holcim) and Breedon, which acquired Hope Construction Materials (owned by Mittal Investments).
Urbanization Solutions: In the United Kingdom, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of asphalt, rail sleepers, and concrete block, among others. These businesses are located in Yorkshire and Northwest, England.
Operating Network in the United Kingdom
Products and Distribution Channels
Cement
For the year ended December 31, 2024, the company’s cement operations represented 21% of its external revenues from the company’s operations in the United Kingdom in Dollar terms. About 82.5% of its United Kingdom cement sales were of bulk cement, with the remaining 17.5% in bags. The company’s bulk cement is sold to ready-mix concrete, concrete block and pre-cast product customers and contractors. The company’s bagged cement is primarily sold to national builders’ merchants.
Ready-Mix Concrete
For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 31% of its external revenues from the company’s operations in the United Kingdom in Dollar terms. Special products, including self-compacting concrete, fiber-reinforced concrete, high strength concrete, flooring concrete and filling concrete, represented 29.1% of the company’s 2024 United Kingdom sales volume. In 2024, the company’s ready-mix concrete operations in the United Kingdom purchased 98% of its cement requirements from its cement operations in the United Kingdom and 73% of its aggregate’s requirements from the company’s aggregates operations in the United Kingdom. The company’s ready-mix concrete products are sold to public, commercial and residential contractors.
Aggregates
For the year ended December 31, 2024, the company’s aggregates operations represented 34% of its external revenues from the company’s operations in the United Kingdom. In 2024, the company’s United Kingdom aggregates sales were divided as follows: 58% were sand and gravel, 41% were limestone, and 1% was hardstone. In 2024, 33% of the company’s aggregates volumes were obtained from marine sources along the United Kingdom’s coast. In 2024, 22% of the company’s United Kingdom aggregates production was consumed by its own ready-mix concrete operations as well as the company’s asphalt, concrete block, and precast operations. The company also sells aggregates to major contractors to build roads and other infrastructure projects.
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 14% of its external revenues from the company’s operations in the United Kingdom in Dollar terms.
Ready-Mix Concrete
For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 31% of its external revenues from the company’s operations in the United Kingdom in Dollar terms. Special products, including self-compacting concrete, fiber-reinforced concrete, high strength concrete, flooring concrete and filling concrete, represented 29.1% of the company’s 2024 United Kingdom sales volume. In 2024, the company’s ready-mix concrete operations in the United Kingdom purchased 98% of its cement requirements from the company’s cement operations in the United Kingdom and 73% of its aggregates requirements from its aggregates operations in the United Kingdom. The company’s ready-mix concrete products are sold to public, commercial and residential contractors.
Aggregates
For the year ended December 31, 2024, the company’s aggregates operations represented 34% of its external revenues from the company’s operations in the United Kingdom in Dollar terms. In 2024, its United Kingdom aggregates sales were divided as follows: 58% were sand and gravel, 41% were limestone, and 1% was hardstone. In 2024, 33% of the company’s aggregates volumes were obtained from marine sources along the United Kingdom’s coast. In 2024, 22% of the company’s United Kingdom aggregates production was consumed by its own ready-mix concrete operations as well as the company’s asphalt, concrete block, and precast operations. The company also sells aggregates to major contractors to build roads and other infrastructure projects.
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 14% of its external revenues from the company’s operations in the United Kingdom in Dollar terms.
Properties, Plants and Equipment
As of December 31, 2024, the company had two cement plants (one was temporarily inactive) and one clinker grinding facility in the United Kingdom. Assets in operation at year-end 2024 represent an installed cement capacity of 3.6 million tons per year, the same level as 2023. As of December 31, 2024, the company also owns three cement import terminals and operated ninety-six ready-mix concrete plants (four were temporarily inactive), 23 aggregates quarries (one was temporarily inactive), 15 marine licenses (all of them active), 15 distribution centers, and 13 marine terminals in the United Kingdom. In addition, the company had operating units dedicated to, among others, asphalt, rail sleepers, and concrete block.
In order to have access to blended cements, which are more sustainable based on their reduced clinker factor and use of by-products from other industries, the company’s grinding and blending facility at the Port of Tilbury, located on the Thames River east of London has an annual grinding capacity of 0.9 million tons, which allows it to have access to blended cements.
Operations in France
As of December 31, 2024, the company was a leading ready-mix concrete producer and a leading aggregates producer in France. For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 75%, and aggregates represented 25%, respectively, of its external revenues from the company’s operations in France. The company distributes most of its materials by road and a significant quantity by waterways, seeking to maximize the use of this efficient and sustainable alternative. For the year ended December 31, 2024, the company’s operations in France represented 5% of its external. As of December 31, 2024, the company’s operations in France represented 3% of its total assets.
Competition
As of December 31, 2024, the company’s main competitors in the ready-mix concrete market in France included Holcim, Heidelberg, CRH plc, and Vicat SA, and its main competitors in the aggregates market in France included Holcim, Heidelberg, Colas (Bouygues), Eiffage, and Eurovia (Vinci).
Urbanization Solutions: In France, for the year ended December 31, 2024, the company’s Urbanization Solutions business consisted of admixtures. This business serves the company’s concrete operations in France.
Operating Network in France
Properties, Plants and Equipment
As of December 31, 2024, the company operated 193 ready-mix concrete plants in France (14 were temporarily inactive), two marine terminals located in Le Havre, on the northern coast of France, eighteen land distribution centers, thirty-seven aggregates quarries (three were temporarily inactive) and eleven river ports.
Operations in Germany
For the year ended December 31, 2024, the company’s operations in Germany represented 3% of its consolidated external revenues. As of December 31, 2024, the company’s operations in Germany represented 2% of its total assets. For the year ended December 31, 2024, cement represented 36%, ready-mix concrete represented 33%, aggregates represented 17% and Urbanization Solutions and the company’s other businesses represented 14%, respectively of its external revenues from the company’s operations in Germany. As of December 31, 2024, the company was a leading provider of building materials in Germany, with vertically integrated cement, ready-mix concrete, and aggregates businesses.
Competition
As of December 31, 2024, the company’s primary competitors in the cement market in Germany were Heidelberg, Dyckerhoff (a subsidiary of Buzzi-Unicem), Holcim, CRH plc, and Schwenk, a local German competitor.
Urbanization Solutions: In Germany, for the year ended December 31, 2024, the company’s Urbanization Solutions business consisted of admixtures and mortars. This business is located in the northeast and southwest of Germany.
Operating Network in Germany
Properties, Plants and Equipment
As of December 31, 2024, the company operated one cement plant and one cement grinding mill in Germany and its installed cement capacity was 3.1 million tons per year. In September 2024, Cemex has acquired a majority stake in RC-Baustoffe Berlin, a recycling company which processes mineral construction, demolition, and excavation materials, including one active recycling plant. As of December 31, 2024, the company’s operations in Germany also included fifty-seven ready-mix concrete plants (three of them inactive), twenty-one aggregates quarries (five were temporarily inactive) and three land distribution centers.
Operations in Poland
For the year ended December 31, 2024, the company’s operations in Poland represented 3% of its consolidated external revenues in Dollar terms. As of December 31, 2024, the company’s operating business in Poland represented 2% of its total assets, in Dollar terms. As of December 31, 2024, the company is a leading provider of building materials in Poland, serving the cement, ready-mix concrete, and aggregates markets. As of December 31, 2024, the company operates two cement plants (two of them active) and one grinding mill with an installed cement capacity of 3.5 million tons per year. As of December 31, 2024, the company also operates forty-one ready-mix concrete plants (three were temporarily inactive), six aggregates quarries (all of them active), two distribution centers and two marine terminals in Poland. For the year ended December 31, 2024, cement represented 55%, ready-mix concrete represented 36%, and aggregates represented 9%, of the company’s external revenues from its operations in Poland.
Competition
As of December 31, 2024, the company’s primary competitors in the cement, ready-mix concrete and aggregates markets in Poland were Heidelberg, Holcim, CRH plc, Dyckerhoff, and Miebach.
Urbanization Solutions: In Poland, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of the trading of admixtures and mortars (with some third-party dry mortar plants in Poland producing Cemex brands, and subsequently distributing under Cemex’s products declarations of conformity, as formal manufacturer).
Operations in Spain
For the year ended December 31, 2024, the company’s operations in Spain represented 3% of its consolidated external revenues in Dollar terms. As of December 31, 2024, the company’s operating business in Spain represented 2% of its total assets.
Urbanization Solutions: In Spain, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of mortars and admixtures. These businesses are located across Spain.
Products and Distribution Channels
Cement
For the year ended December 31, 2024, the company’s cement operations represented 63% of its external revenues from the company’s operations in Spain in Dollar terms. The company offers several types of cement in Spain, targeting specific products to specific markets and users. In 2024, 16% of the domestic sales volume of the company’s main operating subsidiary in Spain consisted of bagged cement, and the remainder of its domestic sales volume consisted of bulk cement, primarily to ready-mix concrete operators, including sales to its other operations in Spain, as well as industrial customers that use cement in their production processes and construction companies.
Ready-Mix Concrete: For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 29% of its external revenues from the company’s operations in Spain in Dollar terms. The company’s ready-mix concrete operations in Spain in 2024 purchased 85% of their cement requirements from its cement operations in Spain and 67% of their aggregates requirements from the company’s aggregates operations in Spain.
Aggregates: For the year ended December 31, 2024, the company’s aggregates operations represented 7% of its external revenues from the company’s operations in Spain in Dollar terms.
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 1% of its external revenues from the company’s operations in Spain.
Properties, Plants and Equipment
As of December 31, 2024, the company’s operations in Spain included six cement plants (two were temporarily inactive) located in Spain with an annual installed cement capacity of 7.7 million tons. As of December 31, 2024, the company also had twenty-nine distribution centers, including nineteen land and 10 marine terminals, 47 ready-mix concrete plants (12 were temporarily inactive), 24 aggregates quarries (nine were temporarily inactive), eight mortar plants (three of them inactive), and one admixture plant.
Operations in Israel
The company produces and supplies raw materials for the construction industry in Israel. In addition to ready-mix concrete and aggregates, the company produces a diverse range of building materials and infrastructure products in Israel. As of December 31, 2024, as indicated in the above maps, the company operates fifty-three ready-mix concrete plants (53 of them active), seven aggregates quarries (all of them active), two concrete products plants, one admixtures plant and one CDEW recycling plant. For the year ended December 31, 2024, the company’s operations in Israel represented 4% of its consolidated external revenues in Dollar terms and 3% of the company’s total assets, in Dollar terms. For the year ended December 31, 2024, ready-mix concrete represented 82%, aggregates represented 11%, Urbanization Solutions and the company’s other businesses represented 7%, respectively of its external revenues from the company’s operations in Israel.
Urbanization Solutions: In Israel, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of other concrete products and admixtures, among others. These businesses are in the outskirts of Gush Dan.
EMEA
As of December 31, 2024, the company’s operations in the Rest of EMEA segment consists primarily of its operations in the Czech Republic, Croatia, Egypt, and the UAE. For the year ended December 31, 2024, these operations represented 5% of the company’s consolidated external revenues, in Dollar terms, and 3% of its total assets.
Operations in the Czech Republic
The company produces ready-mix concrete and aggregates in the Czech Republic. The company also distributes cement in the Czech Republic. As of December 31, 2024, the company operates one cement plant and one grinding mill with annual cement installed capacity of 1.7 million tons, one cement terminal and one admixtures plant in the Czech Republic. As of December 31, 2024, the company also operates 69 ready-mix concrete plants (one of which was temporarily inactive), which include three mobile equipment producing concrete, and 13 aggregates quarries in the Czech Republic.
Competition
As of December 31, 2024, the company’s main competitors in the cement, ready-mix concrete and aggregates markets in the Czech Republic were Heidelberg, Buzzi-Unicem, Holcim, Strabag and Skanska.
Urbanization Solutions: In the Czech Republic, for the year ended December 31, 2024, in terms of revenues, the company’ Urbanization Solutions business consisted of admixtures. This business is in the eastern region of the Czech Republic.
Operations in Croatia
The company is the largest cement producer in Croatia based on installed capacity as of December 31, 2024. As of December 31, 2024, the company had two cement plants (two of them active) in Croatia with an annual cement installed capacity of 2.2 million tons. As of December 31, 2024, it also operates eleven land distribution centers and two marine cement terminals in Croatia and Montenegro, seven ready-mix concrete facilities in Croatia seven of them active), and one recycling yard in Croatia.
Competition
As of December 31, 2024, the company’s primary competitors in the cement market in Croatia were Nexe and Holcim.
Operations in Egypt
As of December 31, 2024, the company operates one cement plant in Egypt with an annual installed cement capacity of 5.4 million tons. This plant is located approximately 280 miles south of Cairo and serves the upper Nile region of Egypt, as well as Cairo and the Delta region, Egypt’s main cement market. In addition, as of December 31, 2024, the company had three ready-mix concrete plants (one was inactive) and three land distribution centers in Egypt, and one admixtures plant.
Urbanization Solutions: In Egypt, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of admixtures. This business is in Cairo.
Operations in the UAE
As of December 31, 2024, Cemex España held a 49-equity interest (and a 100% economic interest) in all of the company’s main UAE companies: Cemex Topmix LLC and Cemex Supermix LLC, ready-mix concrete manufacturing companies, and Cemex Falcon LLC, which specializes in the production of cement and slag. The company is not permitted to have a controlling interest in these companies because the UAE Commercial Companies Law requires 51% ownership by UAE nationals. However, through agreements with other shareholders in these companies, it has rights over the remaining 51% of the economic benefits in each of the companies. As a result, the company owns a 100% economic interest in all three companies. As of December 31, 2024, the company owns 12 ready-mix concrete plants (two were temporarily inactive), three pugmill plants, one admixture plant, and one cement and slag grinding facility in the UAE with an annual installed cement capacity of 1.2 million tons, serving the markets of Dubai and Abu Dhabi as well as neighboring countries such as Oman.
Urbanization Solutions: In the UAE, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted of admixtures. This business is in Dubai.
SCA&C
For the year ended December 31, 2024, the company’s business in the SCA&C region, which include its operations in Colombia, Panama, Caribbean TCL (Trinidad Cement Limited), and the Rest of SCA&C segment, as described below, represented 8% of the company’s consolidated external revenues in Dollar terms. As of December 31, 2024, the company’s operations in the SCA&C region represented 12% of its total installed capacity and 7% of the company’s total assets.
As of December 31, 2024, CLH is the main holding company for Cemex’s operations in Colombia, Panama, and Nicaragua.
Operations in Colombia
As of December 31, 2024, Cemex Colombia is the second-largest cement producer in Colombia, based on installed cement capacity of 4.1 million tons per year as of December 31, 2024. For the year ended December 31, 2024, the company’s operations in Colombia represented 3% of its consolidated external revenues in Dollar terms. As of December 31, 2024, the company’s operating business in Colombia represented 3% of its total assets.
Cemex Colombia has a significant market share in the cement and ready-mix concrete market in the ‘Urban Triangle’ of Colombia consists of the cities of Bogotá, Medellin, and Cali. During 2024, these three metropolitan areas accounted for approximately 38.7% of Colombia’s cement consumption. Cemex Ibague plant is Cemex Colombia’s largest plant and with Santa Rosa grinding facility, are strategically located in the Urban Triangle, as of December 31, 2024. Cemex Colombia, through its Cúcuta plant and Clemencia grinding facility, is also an active participant in Colombia’s northeastern and coastal markets.
Competition
As of December 31, 2024, the company’s two largest competitors in Colombia were Cementos Argos.
Urbanization Solutions: In Colombia, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of admixtures, mortars, multiproduct and circularity, among others. These businesses are located across Colombia.
Operating Network in Colombia
Products and Distribution Channels
Cement
For the year ended December 31, 2024, the company’s cement operations represented 56% of its external revenues from the company’s operations in Colombia.
Ready-Mix Concrete
For the year ended December 31, 2024, the company’s ready-mix concrete operations represented 38% of its external revenues from the company’s operations in Colombia.
Aggregates
For the year ended December 31, 2024, the company’s aggregates operations represented 2% of its external revenues from the company’s operations in Colombia.
Urbanization Solutions and Others: For the year ended December 31, 2024, the company’s Urbanization Solutions and other businesses operations represented 4% of its external revenues from the company’s operations in Colombia.
Properties, Plants and Equipment
As of December 31, 2024, Cemex Colombia owns two operating cement plants and two cement grinding mills, having a total installed cement grinding capacity of 4.1 million tons. In 2024, the company replaced 33.4% of its total fuel consumed in Cemex Colombia with alternative fuels, and the company had an internal electricity generating capacity of approximately 42 MW as of December 31, 2024.
As of December 31, 2024, Cemex Colombia also operates thirteen distribution centers, one mortar and adhesives plant, one admixtures plant, 32 ready-mix concrete plants (29 of them active), and nine aggregates operations (eight were temporarily inactive).
Cemex Colombia continues its progress on the Maceo Plant Project, with 99% and 88% of the plant and road portions completed as of the year ended December 31, 2024.
Operations in Panama
For the year ended December 31, 2024, the company’s operations in Panama represented 1% of its consolidated external revenues. For the year ended December 31, 2024, cement represented 72%, ready-mix concrete represented 26%, aggregates represented 2%, Urbanization Solutions and other businesses represented less than 1%, respectively, of the company’s external revenues from its operations in Panama. As of December 31, 2024, the company’s operating business in Panama represented 1% of its total assets.
Properties, Plants and Equipment
As of December 31, 2024, the company’s operations in Panama through Cemento Bayano operated one cement plant in Panama, with an installed cement capacity of 1.2 million tons and clinker capacity of 1.5 million tons. As of December 31, 2024, Cemento Bayano also operates two ready-mix concrete plants one admixtures plant and three distribution centers (two owned and one leased).
Urbanization Solutions: In Panama, for the year ended December 31, 2024, in terms of revenues, Urbanization Solutions business consists primarily of admixtures. This business is located across Panama and exports to the Caribbean islands.
Operations in Caribbean TCL
the Caribbean’s construction sector, with operations strategically located in Jamaica, Trinidad and Tobago, Guyana, and Barbados. For the year ended December 31, 2024, the company’s operations in Caribbean TCL represented 2% of its consolidated external revenues. As of December 31, 2024, the company’s operations in Caribbean TCL represented 2% of its total assets. For the year ended December 31, 2024, cement represented 96%, ready-mix concrete represented 2%, aggregates represented 2%, Urbanization Solutions and the company’s other businesses represented less than 1%, respectively, of its external revenues from the company’s operations in Caribbean TCL.
As of December 31, 2024, the company’s focus with respect to Caribbean TCL will continue attempting to maximize further synergies from TCL’s integration with it. As of December 31, 2024, the company intends to improve the productivity and capacity of its Caribbean TCL’s cement plants, continue the vertical integration of Caribbean TCL’s business, invest in developing its employees and offer strong value products to the company’s customers in the region and elsewhere.
Operations in Trinidad & Tobago
Properties, Plants and Equipment
As of December 31, 2024, TCL operated one cement plant in Trinidad & Tobago, with a total annual cement installed capacity of 1.0 million tons. As of December 31, 2024, TCL in Trinidad &Tobago had two operational ready-mix concrete plants, three aggregates quarries (three of them active), four land distribution centers and one marine terminal.
Urbanization Solutions: In Trinidad & Tobago, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of admixtures.
TCL Operations in Jamaica
As of December 31, 2024, the company held an indirect controlling position mainly through TCL in CCCL.
Properties, Plants and Equipment
As of December 31, 2024, Caribbean Cement Company Limited (CCCL) operates one cement plant in Jamaica, with a total cement installed capacity of 1.5 million tons. As of December 31, 2024, CCCL had one aggregate quarry, four land distribution centers, including one location at the cement plant, and one marine terminal.
Operations in Barbados
As of December 31, 2024, through TCL, the company held an indirect controlling position in Arawak Cement Company Limited (‘Arawak’) in Barbados.
Properties, Plants and Equipment
As of December 31, 2024, Arawak operated one cement plant in Barbados, with a total cement installed capacity of 0.4 million tons. As of December 31, 2024, Arawak had one ready-mix concrete plant (temporarily inactive), one aggregates quarry, one land distribution center and one marine terminal.
Operations in the Dominican Republic
As of December 31, 2024, Cemex Dominicana, S.A.’s (‘Cemex Dominicana’) sales network covered the country’s main consumption areas, which are Santo Domingo, Santiago de los Caballeros, La Altagracia, San Cristobal, and San Pedro de Macoris.
Properties, Plants and Equipment
As of December 31, 2024, Cemex Dominicana operated one cement plant in the Dominican Republic, with an installed cement capacity of 2.4 million tons per year. As of December 31, 2024, Cemex Dominicana also owned 5 ready-mix concrete plants (one was temporarily inactive), one aggregate quarry (inactive), two land distribution centers and two leased marine terminals.
Urbanization Solutions: In the Dominican Republic, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of multiproduct, among others. This business is located across the country.
Rest of SCA&C
As of December 31, 2024, the company’s operated in the Rest of SCA&C segment consists primarily of its operations and activities in Peru, Puerto Rico, Nicaragua, Jamaica, and the Caribbean, excluding the company’s Caribbean TCL segment. These operations represented 2% of its consolidated external revenues. As of December 31, 2024, the company’s business in the Rest of SCA&C segment represented 1% of its total assets.
Operations in Puerto Rico
As of December 31, 2024, Cemex de Puerto Rico, Inc. (‘Cemex Puerto Rico’) was the company’s main subsidiary in Puerto Rico.
Properties, Plants and Equipment
As of December 31, 2024, Cemex Puerto Rico operated one grinding mill, with an installed cement capacity of 1.3 million tons per year. As of that date, Cemex Puerto Rico also operates four ready-mix concrete plants (three were temporarily inactive), one land distribution center and one marine terminal used for fly ash.
Urbanization Solutions: In Puerto Rico, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consists primarily of lime, among others. These businesses are located across Puerto Rico.
Operations in Nicaragua
As of December 31, 2024, Cemex Colombia and Corporación Cementera Latinoamericana, S.L.U., both CLH subsidiaries, indirectly and directly owned 100% of Cemex Nicaragua, S.A. (‘Cemex Nicaragua’), the company’s operating subsidiary in Nicaragua.
Properties, Plants and Equipment
As of December 31, 2024, the company leased and operated one cement plant (active) and owned one grinding mill with a total installed cement capacity of 0.7 million tons, five ready-mix concrete plants (two were temporarily inactive) and two distribution centers in Nicaragua (all of them active). The company also had three aggregate quarries (all of them inactive). Since March 2003, Cemex Nicaragua has also leased 100,000 tons milling plant in Managua, which has been used exclusively for pet coke milling.
Urbanization Solutions: In Nicaragua, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of multiproduct. This business is located across Nicaragua.
Operations in the Rest of SCA&C
As of December 31, 2024, the company held a non-controlling position in National Cement Ltd. in the Cayman Islands, Maxcem Bermuda Ltd. in Bermuda and Societe des Ciments Antillais, a company with cement operations in Guadalupe and Martinique. As of December 31, 2024, Cemex España additionally indirectly held a 100% interest in Cemex Jamaica Limited, which operates one calcined limestone plant in Jamaica with a capacity of 105,000 tons per year and one hydrate line with a capacity of 2,500 tons per year.
As of December 31, 2024, the company operated a network of five marine terminals in these countries, which facilitated exports from its operations in Mexico, the Dominican Republic and Puerto Rico. Three of the company’s marine terminals are in the Bahamas. As of December 31, 2024, it also had a non-controlling interest in two other terminals, one in Bermuda and one in the Cayman Islands. The company also had one distribution center and one marine terminal in Guyana and one distribution center in Peru.
Urbanization Solutions: In Jamaica, for the year ended December 31, 2024, in terms of revenues, the company’s Urbanization Solutions business consisted primarily of lime. This business serves specific customers.
Trading Operations
In 2024, the company traded approximately twelve million tons of cementitious and non-cementitious materials in more than 60 countries, including approximately eight million tons of cement and clinker and approximately three million tons of cementitious and other materials. In addition, the company traded approximately two million tons of certain primary fuels. More than three million tons of the traded cement and clinker consists of exports from the company's operations in Mexico, Croatia, Spain, Germany, Trinidad and Tobago, Dominican Republic, and Panama, among others. Slightly more than five million tons remaining were purchased from third parties in countries, such as Vietnam, Saudi Arabia, Turkey, Algeria, South Korea, Spain, and Costa Rica, among others. In 2024, the company traded approximately 3c million tons of granulated blast furnace slag, and ground granulated blast furnace slag a non-clinker cementitious material, and slightly less than one million tons of other products. In addition, the company provides freight related services to third parties, which allows it to generate additional revenues.
History
CEMEX, S.A.B. de C.V. was founded in 1906. The company was incorporated in 1931.