Mexico: Cemex recorded consolidated net sales of US$14.5bn in 2021, up by 14% year-on-year. Sales rose by 10% to US$4.83bn in Europe, Middle East, Africa and Asia, by 9% to US$4.36bn in the US, by 23% to US$3.47bn in Mexico and by 16% to US$1.57bn in South, Central America and the Caribbean. The group’s operating earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 18% to US$2.86bn.

CEO Fernando González said “We are very pleased to report exceptional financial and strategic performance during 2021, despite the unprecedented challenges from Covid-19 and cost inflation.” He continued “In 2021, under our Future in Action programme, we accelerated our climate action ambition, establishing more aggressive 2030 decarbonisation goals as well as a detailed plant-by-plant roadmap to reach the targets. With our enhanced roadmap in place, we achieved our lowest carbon emission level on record and our largest annual year-on-year decline. And we pushed the boundaries on innovation, introducing new sustainable products and developing breakthrough decarbonisation technologies. Our performance gives me great confidence that we can reach not only our 2030 climate goal but also our Net Zero ambition.”