CEMEX joins OpenBuilt to accelerate digital transformation of the construction industry - CEMEX joins OpenBuilt to accelerate digital transformation of the construction industry
April 14, 2021
- CEMEX, EDIN Network, AS Backe, Sol Services and Element, will develop new digital platform together with IBM, Red Hat and Cobuilder Spearhead Development.
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it will be joining a global initiative to develop OpenBuilt, a new platform designed to securely connect fragmented construction industry supply chains. Through OpenBuilt, the participating companies aim to offer new digital solutions to help innovate and drive more efficient, sustainable, and safer construction projects.
CEMEX, EDIN Network, AS Backe, Sol Services, and Element will form a cross-industry ecosystem that will work together with IBM, Red Hat and Cobuilder, to develop OpenBuilt. The platform will be developed on the Red Hat OpenShift hybrid cloud platform and run on the IBM Cloud.
OpenBuilt will allow companies across the global building industry to securely connect their current technology platforms and digital solutions to partners, suppliers, or subcontractors in their supply chain via a single integration hub. The platform will improve communication and securely exchange data across the supply chain. Companies will have access to technology providers' latest applications and services to expand their digital platforms without complex, bespoke software development.
"OpenBuilt is a strategic initiative that will help integrate the construction value chain by increasing productivity, innovation, and collaboration," said Fernando A. Gonzalez, CEO of CEMEX. "At CEMEX, we are constantly seeking to provide a superior experience to our customers through the innovative use of digital technologies."
As a pioneer in the construction industry's digital transformation, CEMEX has been looking for opportunities to maximize productivity and efficiency through the CEMEX Go Developer Center. It is a platform that allows customers to integrate directly to its systems and interact via APIs to provide a better customer experience by optimizing internal processes and reducing operating costs. By joining forces with OpenBuilt, CEMEX aims to strengthen its digital strategy, boost innovation, and accelerate the industry's ongoing digital transformation.
About EDIN Network
EDIN is a global network of merchants, manufacturers and service providers that helps its members find new customers, reduce customer acquisition costs and exploit future trends through their events, workshops and technology incubator. Since its inception in 2016, the EDIN network has rapidly grown to become one of the largest alliances to discuss trends and stimulate transformation in the construction industry, representing members with a combined turnover of €23bn.
About Sol Services
Formed in 2003, Sol Services has steadily grown from its origins as a regional mechanical, electrical and fit out specialist. Under the forward-thinking leadership of Directors, Nigel Burdett and Andrew Gordge, both originally qualified electricians, the company has expanded across London and the UK with overseas capability in Europe, providing a full range of construction, refurbishment and maintenance solutions. Through its extensive portfolio of projects across the public and private sector, it has built a reputation for delivering safe, reliable and high-quality projects.
About AS Backe
Backe is a family-owned construction and property development company with operations throughout Norway. Backe is committed to reducing emissions in the Norwegian construction and building industry and invests in technology to ensure sustainable operations throughout its value chain. With more than 70 years’ experience in the Norwegian market, Backe delivers projects to the public and private sector. The company employs about 800 people and reported revenues at NOK 4.5 billion for 2020.
About Element Materials Technology
Element Materials Technology is one of the world’s leading global providers of testing, inspection and certification services for a diverse range of materials, products and technologies in advanced industrial supply chains. Element delivers an extensive range of solutions to customers in the construction industry and recently launched Element Digital Engineering, a new business focused on engineering simulation, modelling, data science and artificial intelligence to solve complex industrial challenges.
For further information about IBM Global Business Services visit: https://www.ibm.com/services
Cobuilder offers an IT platform that employs all relevant international standards for data management to help construction industry actors exploit the potential of product data. Fit-for-purpose and accurate product data improves quality of service, time to market and reduces time, cost and environmental footprint.
Cobuilder is a privately-owned international business with more than 120 employees distributed at HQ in Oslo and wholly owned subsidiaries in England, France and Bulgaria. The company is a major driver for the digitization in Construction and is a strategic contributor to ISO, buildingSMART, CEN and CENELEC.
CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com
The content of this press release is for informational purposes only and shall not be construed as advice to invest in CEMEX. This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. These forward-looking statements reflect CEMEX’s and its direct and indirect subsidiaries (the “CEMEX Group”, CEMEX inclusive) current expectations and projections about future events based on the CEMEX Group’s knowledge of present facts and circumstances and assumptions about future events, as well as the CEMEX Group’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from the CEMEX Group’s expectations. No assurance can be given that the transaction described herein will be consummated or as to the ultimate terms of such transaction. Many risks, uncertainties, and other important factors could cause the actual results, performance, or achievements of the CEMEX Group to be materially different from those expressed or implied in this press release. You are urged to carefully consider the risks, uncertainties, and other factors that affect the CEMEX Group’s business and operations and should review future reports and press releases filed by CEMEX with the Mexican National Banking and Securities Commission, the Mexican Stock Exchange, and the U.S. Securities and Exchange Commission. 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, and will not, update or correct the information contained in this press release. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
Analyst and Investor Relations
Analyst and Investor Relations