About Us - Press Release - CEMEX selected as primary cement supplier for planned world-class tourist complex in the Bahamas
January 13, 2012
CEMEX, S.A.B. de C.V. (NYSE: CX), informed today that it has been named the primary cement supplier for the Baha Mar tourist complex in Cable Beach, Nassau, being built by CCA Bahamas Limited. It is expected that the complex will house the largest entertainment center in the Caribbean and be completed in December 2014.
As primary supplier, CEMEX will provide 110,000 tons of cement for the first phase of the project, which is currently being built on an area of 1,000 acres and it is intended to be key in maintaining the Bahamas as one of the world’s premiere tourist destinations. The Baha Mar complex is expected to feature world-class hotels and condominiums with over one kilometer of beach among many other amenities.
“This important project, which will generate many construction jobs, gives us great satisfaction because it will contribute to improving the quality of life of many people, which is in line with CEMEX’s objective of generating wellbeing through quality building solutions,” said Carlos González, President of CEMEX in the Bahamas.
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, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. 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.