CEMEX to reach an investment-grade capital structure of 3 times
Cement

CEMEX to reach an investment-grade capital structure of 3 times

CEMEX revealed that its execution of strategic objectives under its operation resilience programme more speedily than expected earlier, a consequence of crucial management, including stable market performance.

The group is confident that it would accomplish an investment-grade capital structure of 3 times leverage by this month-end.

Currently, CEMEX has set up a new leverage target within its Operation Resilience goals, including regaining an investment-grade credit rating. However, due to the significant year-over-year growth over the last three quarters, coupled with a favourable medium-term outlook, the company is increasing its 2021 EBITDA guidance to $3.1 billion, a 26% jump from the previous year and now expects double-digit EBITDA growth in 2022.

CEMEX anticipates producing nearly $400 million of annual EBITDA in 2023 of its bolt-on purchases, margin improvement projects, as well as its 10 million metric tons of latest cement capacity.

These new additions are expected to be finished by 2023, with 5 million metric tonnes (mt) of cement capacity in Mexico, 2.3 million in the South, Central America and the Caribbean region, 1.5 million in the Philippines, and 1 million in Europe.

All these additions would be structured to take into consideration CEMEX's climate action priority.

Fernando A Gonzalez, the CEMEX CEO, told the media the company is reaching its long-awaited goal of an investment-grade capital structure by the end-month. Moreover, he said we are beginning a period of sustainable growth and have the best market outlook in years.

Image Source


Also read: Adani Enterprises enters cement market, forms Adani Cement

Also read: JSW cement forays into ready mix concrete business

CEMEX revealed that its execution of strategic objectives under its operation resilience programme more speedily than expected earlier, a consequence of crucial management, including stable market performance. The group is confident that it would accomplish an investment-grade capital structure of 3 times leverage by this month-end. Currently, CEMEX has set up a new leverage target within its Operation Resilience goals, including regaining an investment-grade credit rating. However, due to the significant year-over-year growth over the last three quarters, coupled with a favourable medium-term outlook, the company is increasing its 2021 EBITDA guidance to $3.1 billion, a 26% jump from the previous year and now expects double-digit EBITDA growth in 2022. CEMEX anticipates producing nearly $400 million of annual EBITDA in 2023 of its bolt-on purchases, margin improvement projects, as well as its 10 million metric tons of latest cement capacity. These new additions are expected to be finished by 2023, with 5 million metric tonnes (mt) of cement capacity in Mexico, 2.3 million in the South, Central America and the Caribbean region, 1.5 million in the Philippines, and 1 million in Europe. All these additions would be structured to take into consideration CEMEX's climate action priority. Fernando A Gonzalez, the CEMEX CEO, told the media the company is reaching its long-awaited goal of an investment-grade capital structure by the end-month. Moreover, he said we are beginning a period of sustainable growth and have the best market outlook in years. Image Source Also read: Adani Enterprises enters cement market, forms Adani Cement Also read: JSW cement forays into ready mix concrete business

Next Story
Technology

L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major

L&T Technology Services, a global leader in engineering and technology services, announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services.The five-year agreement, valued at over $50 million, underscores the client’s long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade.As per the agreement, LTTS will provide Enterprise Da..

Next Story
Infrastructure Energy

ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The pro..

Next Story
Infrastructure Urban

UGRO Capital Appoints Anuj Pandey as Chief Executive Officer

UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO’s commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company’s risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK cons..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?