2011 ANNUAL REPORT


transforming to create

sustainable value
Over the past several years, we have been facing the consequences of the global economic and financial crisis:

we have worked aggressively to become more efficient and more agile; improved how we allocate and use capital; and sold assets, refinanced debt, raised equity, and strengthened our balance sheet. Amplifying these efforts, in early 2011, we embarked on a radical transformation of CEMEX to more rapidly return to the path of sustainable value creation.

we have created
an organization
that is more
agile, flatter,
and closer
to the market




   Organizational Changes


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