Displaying items by tag: innovation

Colombia: The National Association of Entrepreneurs and Dinero Magazine have named Cementos Argos fourth among 242 of Colombia’s most innovative companies. Chief executive officer (CEO) Juan Esteban Calle said, “This recognition fills us with pride and motivates us to continue to advance. We are convinced that it is possible to help materialise more dreams of housing and a better infrastructure for millions of people.”

Mexico: Cemex has shared its 2019 sustainability achievements in an integrated report entitled ‘Innovating for a Better World,’ which analyses the company’s strategic vision, operational performance and corporate governance against its commitment to drive innovation in the cement sector. Throughout the year, the company introduced its new Climate Action strategy to reduce CO2 emissions by 35% by 2030 and established an ambition to deliver net-zero CO2 concrete by 2050. It achieved an alternative fuel substitution rate of 28%, its highest since 2014, bringing its net specific CO2 emissions per tonne of cementitious product to 624kg.

Cemex’s net income was US$179m in 2019, down by 69% year-on-year from US$570m in 2018. Its sales declined by 8%, to US$4.3bn from US$4.7bn