CEMEX, S.A.B. DE C.V. CEMEX S.A.B. de C.V., (NYSE: CX) announced today the start of sales and installation of 100,000 ecological concrete cookstoves to improve the quality of life of approximately half a million people in Mexico and Guatemala by 2017.
With an investment of approximately US$2 million, the development of this social business is an action that CEMEX performs as part of the Global Alliance for Clean Cookstoves, an initiative that seeks to foster the adoption of clean cookstoves and fuels in 100 million households globally by 2020. This initiative was launched in 2010 by former U.S. Secretary of State Hillary Rodham Clinton.
"CEMEX reaffirms its commitment to help build a thriving global market for ecological concrete cookstoves that will allow a substantial improvement of the quality of life in communities and will protect the environment," said Fernando A. Gonzalez, CEO of CEMEX. "CEMEX has been working during the last 4 years in the clean cookstoves field, developing and providing sustainable solutions for people at the bottom of the pyramid."
Ecological concrete cookstoves are an efficient technology and represent a solution to the problem of traditional cooking with open fires or rudimentary cookstoves, which cause the premature death of four million people annually in developing countries. This technology allows a reduction of up to 75% of wood used as fuel. It also contributes to reduce CO2 emissions and that of other short-lived greenhouse gases. Other potential benefits of these cookstoves are the preservation of the environment, a lower incidence of respiratory diseases, and a reduction in accidents from burning. Finally, the use of these cookstoves results in an improvement in the economy of families, thanks to a significant reduction in the consumption of wood as fuel.
The announcement was made at The Cookstoves Future Summit, held in New York City, where CEMEX reiterated its commitment to the Alliance, together with other companies, governments, universities and NGOs.
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. 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.
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