Displaying items by tag: Cemex Colombia

Colombia: Cemex is ‘exploring’ the possible sale of its business in Colombia, Bloomberg has reported.

Cemex previously delisted Spain-based Cemex Latam Holdings from the Colombian Stock Exchange in 2023.

Colombia: Cemex Colombia has reported that 90% of the water used at its Santa Rosa grinding plant in 2024 to date came from non-fresh water sources, including rainwater harvesting and water recycling systems. Additionally, the plant operates with zero water discharges. UK-based Environmental Resources Management (ERM) supported the development of the current water management protocol for the plant.

Colombia: Cemex Colombia has appointed Juana María Serna as Commercial Vice President. She previously worked as the Vice President for Strategic Planning for Cemex Colombia & Peru and the VP for Builders and Urbanization Solutions for Cemex Colombia from late 2020. Earlier in her career she worked for Cemex Group in Mexico, becoming Global Customer Experience Director in 2018. She started working for Cemex in Colombia in 2007. Serna holds an undergraduate degree in Architecture and a Master of Business Administration from the Universidad de Los Andes in Bogotá.

Colombia: Cemex Colombia plans to source 42,900MWh/yr of renewable electricity for its Caracolita cement plant in Tolima from Celsia's upcoming 20MW solar power plant in Ibague. Upon the solar plant’s commissioning in 2025, this initiative will account for 25% of the cement plant's electricity needs.

Alejandro Ramirez, president of Cemex Colombia and Peru, said "Supplying our main cement plant in Colombia with solar energy will be a decisive step in our strategy to take advantage of renewable sources for cement production in Colombia."

Ricardo Sierra, CEO of Celsia, said "The company has 17 operational solar power plants totalling more than 300MW of installed capacity in Colombia." He added "Celsia’s target is to reach 1GW of photovoltaic projects under construction and development, some of which will deliver power to the grid, and others will benefit various industrial companies."

Colombia: A criminal court has found former Cemex Colombia vice president Édgar Ramírez Martínez and fellow former director Eugenio Correa Díaz guilty of fraud, according to El Espactador newspaper. The court found that Ramírez Martínez had committed unfair administration, illicit enrichment and falsification of a private document in the process of obtaining land for use as a quarry to supply its Maceo cement plant in Antioquia. It found that Correa Díaz had committed illicit enrichment, money laundering and falsification of a private document while serving as an intermediary in the same process. Ramírez Martínez received a prison sentence of 15 years and one month, while Correa Díaz received a sentence of 20 years.

Cemex Colombia obtained the land in question during the administration of the estate of deceased embezzler José Aldemar Moncada. The court found that it had defrauded the true owners, a local family, in order to include it in Moncada's asset forfeiture prior to sale to Cemex Colombia by Correa Díaz.

Colombia: Cemex has announced the launch of the Tunjuelo Circularity Centre at its former Tunjuelo quarry near Bogotá. Having rebuilt parts of the 50m-deep quarry with demolition waste, Cemex will now work on its ecological restoration, while continuing to receive excavation waste for reconstruction of the ground. It will meanwhile divert demolition waste deliveries for recycling in aggregate production. In Bogotá, Cemex has launched an initiative for urban construction partnerships in collaboration with local authorities. It will also collect municipal solid waste (MSW) there for use in its cement production and collect its used plastic cement bags for recycling in building materials production.

Cemex’s Colombia and Peru president Alejandro Ramírez said "This is a pioneering model for Cemex in the construction materials industry globally, which we aim to position as a benchmark for circularity within the sustainable development of large cities in Colombia and the world. A piece of land that supplied materials for Bogotá's development for decades has received construction and demolition waste for its redevelopment and was transformed into a green area to the south of the city, an epicenter of the circular economy and an opportunity for urban development for the capital city of Colombia." 


Colombia: BBVA has extended a sustainable line of credit to Cemex Colombia customers for purchases of the producer's Vertua reduced CO₂ cements range. The line will enable them to extend their payment term on invoices for the products.

Portafolio News has reported that Cemex's Colombia and Peru president Alejandro Ramírez said "Within the framework of our Future in Action strategy, which seeks to develop products, solutions and processes with lower carbon emissions with the aim of becoming a company with zero CO₂ emissions, we seek synergies with high-level partners such as BBVA to encourage our customers to buy products that reduce their carbon footprint, as well as to work hand in hand with our stakeholders to generate shared value.”

Colombia: Cemex Colombia has recorded accumulated sales of 500,000m3 of its Vertua reduced-CO₂ concrete. It aims to achieve net zero CO₂ emissions by 2050.

President Alejandro Ramírez said “Our Vertua concrete sales volume is excellent news for the country. It demonstrates that a sustainable vision of construction is being consolidated in Colombia, conscious of its decisive contribution to global climate action.”

Colombia: Cemex Colombia has received a US$16.8m fine from the Colombian Directorate of National Taxes and Customs (DIAN) for irregularities in its 2012 income tax payment. The company reportedly made an improper imputation of its balance for the year. Cemex Colombia says that it will take the matter to court. It has until March 2022 to file a suit.

Colombia: The Colombian prosecution service intends to summon former Cemex Colombia chief executive officer (CEO) Carlos Jacks to face charges in relation to the Maceo cement plant corruption case. Jacks was CEO of the company for 24 years and previously headed Cemex operations in Costa Rica, the Dominican Republic and Puerto Rico, according to the Noticias Caracol television channel. A statement made by Camilo González Téllez, the former Legal Vice President, has been used by the prosecutor’s office to press charges against Jacks. So far González is the only senior Cemex executive to have received a custodial sentence in relation to the affair.

In 2016 Cemex fired several senior staff members in relation to the Maceo project and its subsidiary’s chief executive resigned. This followed an internal audit and investigation into payments worth around US$20m made to a non-governmental third party in connection with the acquisition of the land, mining rights and benefits of the tax free zone for the project. Legal proceedings followed in Colombia and the US.