CEMEX
A global building materials company that provides sustainable cement, ready-mix concrete, aggregates, and urbanization solutions powered by digital technologies and focused on carbon neutrality.
- CEO / Founder
- Jaime Muguiro (effective April 1, 2025)
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- IPO
- Key Investors
- Institutional investors (82.97% ownership), BlackRock, The Vanguard Group, Fifth Third Bancorp, Diversify Wealth Management LLC, Black Creek Investment Management Inc.
Technology & Products
Key Products
Cement, ready-mix concrete, aggregates, and urbanization solutions, including the Vertua® low-carbon product line and the CEMEX Go digital platform.
Technological Advantage
Integrates multiple decarbonization levers: supplementary cementitious materials (fly ash, slag) to replace clinker, carbon capture and utilization/storage (CCUS) technologies, solar technology for clinker manufacturing, AI-powered real-time industrial process optimization, and Thermal Plasma Electrolysis for carbon-neutral hydrogen production. Digital platform CEMEX Go enables end-to-end order management, real-time delivery tracking, and automated intelligent business processes using AI.
Differentiation
Value Proposition
Delivers high-quality, low-carbon building materials with reduced environmental footprint through the Vertua® product line, combined with a digitally-enabled customer experience via CEMEX Go platform that accounts for 65% of total sales and serves 88% of recurring customers.
How They Differentiate
Industry-leading sustainability through Vertua® low-carbon product line (63% of cement sales, 55% of concrete sales in 2024), digital transformation via CEMEX Go platform (65% of total sales), and pioneering carbon-neutral concrete technology (Vertua® Ultra Zero). Achieved 15% Scope 1 and 18% Scope 2 CO2 emissions reduction since 2020, outpacing industry averages.
Market & Competition
Target Customers
Construction companies, infrastructure developers, commercial and residential builders, government entities, and infrastructure projects requiring sustainable building materials
Industry Verticals
Construction & Building Materials, Infrastructure Development, Residential Construction, Commercial Real Estate, Urban Development, Industrial Facilities, Transportation Infrastructure, Energy Sector
Competitors
Holcim, Heidelberg Materials, CRH, Vulcan Materials Company, Martin Marietta Materials.
Growth & Milestones
Growth Metrics
Achieved record net income of $939M in FY2024, second-strongest sales and Operating EBITDA in recent history, highest free cash flow after maintenance capex since 2017. Regained investment-grade rating from S&P and Fitch in 2024 with leverage at 1.8x. EBITDA margin of 19.0% in 2024.
Major Milestones
Founded in 1906 in Mexico, celebrating 119 years of operations, Regained investment-grade credit rating from S&P and Fitch in 2024, Achieved record net income of $939 million in FY2024, Reduced Scope 1 CO2 emissions by 15% and Scope 2 by 18% since 2020, Vertua sustainable products reached 63% of cement sales and 55% of concrete sales in 2024, Launched 'Project Cutting Edge' savings program targeting $350M EBITDA improvement by 2027, CEMEX Go digital platform drives 65% of total sales with 88% recurring customer adoption, Named one of World's Most Ethical Companies® by Ethisphere in 2025, Jaime Muguiro appointed CEO effective April 1, 2025, Completed divestment of Panama operations and acquired majority stake in Couch Aggregates (USA)
Notable Customers
Dimas Brothers, McCarthy Building Companies, Botello Builders Corporation, Concrete Constructors, Total Site Inc., Baker Construction (customers of CEMEX Go).