CEMEX provides cement for longest bridge in the Philippines
September 7, 2022
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it was the sole supplier of cement for the construction of the longest bridge in the Philippines. CEMEX supplied nearly 70,000 metric tons of cement for the construction of the Cebu-Cordova Link Expressway (“CCLEX”), a milestone project for the country.
CCLEX connects Cebu City to the municipality of Cordova on Mactan Island and spans a total of 8.9 kilometers standing on twin tower pylons reaching 145 meters in height. The bridge, which opened to traffic in 2022, is expected to provide a safer and more efficient route for approximately 50,000 vehicles every day, seeking to improve the quality of life for residents of the area.
“CEMEX has been a proud contributor to the development of the Philippines for over a century, and our participation in CCLEX is further proof of our commitment to the country,” said Luis Franco, President of CEMEX in the Philippines. “Projects such as this modernize the country and foster the wellbeing of its residents. Improving the quality of life of the citizens of our communities sits at the core of our purpose: to build a better future.”
In the Philippines, CEMEX partners with over 20 public and private entities to support waste management efforts, using waste that would otherwise go to municipal landfills or water systems as an alternative to fossil fuels at its cement plants. Its Solid cement plant was recently recognized with the Award in Exemplary Operations in Small Scale Waste-to-Energy Operations by the Department of Environment and Natural Resources. At its APO cement plant, CEMEX recently commissioned a 4.5 MW heat recovery facility that converts excess heat from the cement production process and converts it to electricity.
These efforts align with CEMEX’s Future in Action program, designed to reach carbon neutrality by 2050. By 2030, the company expects to reduce its carbon footprint in cement production globally by 40%.
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’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 CEMEX’s expectations including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEX’s other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, as well as the announced construction project not to produce the expected results and impacts. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. 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
Alfredo Garza / Fabián Orta