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4-Traders Homepage  >  Equities  >  BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE)  >  Cemex SAB de CV    CEMEX CPO   MXP225611567


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Cemex SAB de CV : CEMEX inaugurates river port with US$1.8 million state-of-the-art unloading system in Bangladesh

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03/27/2012 | 07:44pm CEST

Date published: March 27, 2012

CEMEX in Bangladesh recently inaugurated a state-of-the-art fly ash unloading system at the company's newly constructed river port in Narayangaj city located 40 minutes from capital city Dhaka. The US$1.8 million investment will upgrade CEMEX's operations in the country and strengthen the company´s commitment to sustainable development and environmental protection.

Fly-ash is a combustion residue that can be used as a non-clinker cementitious material. The fly ash unloading system will minimize the dust emissions created during unloading, an improvement from the previous manual fly ash materials handling process. The new system is in line with the Bangladeshi government's initiatives towards air and water protection.

"Our sustainability model ensures that we concentrate our efforts and resources on the issues of highest relevance to our business and greatest concern to our stakeholders, and our commitment to sustainability in Bangladesh, in the Asian region, and globally ensures that we meet the needs of the current generation, without compromising the future ones," says CEMEX Asia Regional President Joaquin Estrada.

CEMEX in Bangladesh's president, Edwin Hufemia, further highlighted the fly ash system inauguration as an important echelon in CEMEX's commitment to sustainability. He added that the company is incorporating sustainable practices into all of CEMEX's daily operations and decision making processes worldwide. The managing director concluded that both the fly ash system and the port are of crucial importance as the company is measuring greenhouse gas emissions of CEMEX products worldwide and finding ways to reduce them through its Carbon Footprint Tool.

By managing its carbon footprint, enhancing its value creation, and engaging key stakeholders, CEMEX continually fosters sustainable practices worldwide and thus building a smarter world together with other actors.

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This press release was issued by CEMEX SAB de CV and was initially posted at http://www.cemex.com/MediaCenter/Story/Story20120327.aspx . It was distributed, unedited and unaltered, by noodls on 2012-03-27 19:37:11 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Mean consensus OUTPERFORM
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Average target price 20,3  MXN
Spread / Average Target 22%
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Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Rogelio Zambrano Lozano Chairman
Jose Antonio González Flores Chief Financial Officer & Executive VP-Finance
Dionisio Garza Medina Independent Director
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