CEMEX strengthens operations in Germany
April 22, 2021
- The company acquires a new floating dredger to serve the metropolitan market of Berlin.
- It is the largest single investment in a CEMEX gravel plant in the last ten years.
CEMEX, S.A.B. de C.V. ("CEMEX") (NYSE: CX) announced today that it is acquiring a new floating bucket chain dredger in its Rogätz quarry, about 100 kilometers southwest of Berlin. This investment is in line with the company's strategy to enhance its vertically integrated positions near growing metropolises.
The state-of-the-art floating dredger includes a dewatering screening machine, a fine sand recovery system, and a conveyor belt that transports the processed sands and gravels ashore. The new dredger replaces an old unit that had become obsolete after 27 years. It conveys 50 tons more per hour than its predecessor, consumes less energy, and increases operational reliability.
"With this important investment, our company strengthens its position in the metropolitan market of Berlin and secures the long-term availability of valuable mineral raw materials for its customers," said Rüdiger Kuhn, Vice President of Materials in Central Europe at CEMEX.
With a conveying capacity of 400 tons per hour, this powerful piece of large-scale equipment extracts sand and gravel from a location on the Elbe River in an open-cast wet mine to process them into high-quality raw materials for the construction industry and other branches of industry.
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, S.A.B. de C.V. (“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.
Analyst and Investor Relations
Analyst and Investor Relations