CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it is supplying nearly 60,000 m³ of ready-mix concrete for the first stage construction of what is expected to be the largest urban complex in the Chinese city of Qingdao, in the eastern Shandong province. Qingdao is a major city with a population of approximately 7.6 million permanent inhabitants and in 2009 was named China’s most livable city by the Chinese Institute of City Competitiveness.
CEMEX was awarded the Hua Run Center project after a competitive bidding process. CEMEX was chosen along with another local concrete supplier due to its high-quality materials and services, a flexible and reliable delivery service, and the ability to provide top-of-the-line technical support.
“We are honored to have been selected as a supplier for the Hua Run Center, and to contribute to the strengthening of the status of Qingdao as one of the most important business centers in Asia,” said Joaquin Estrada, President of CEMEX in Asia.
The Hua Run Center is expected to offer a mix of commercial, office, housing and hotel space, among other facilities.
CEMEX operates six ready-mix concrete plants in China, in the northern cities of Tianjin and Qingdao, and has presence throughout Asia with operations in the Philippines, Thailand, Malaysia, and Bangladesh.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX or the project herein described to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release.