PROJECT

Projects

Summary of Investment Information

Project Number

37840

Company Name

CEMEX, S.A.B. DE C.V

Date SPI Disclosed

May 6, 2016

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Jun 10, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jun 6, 2016
Signed : Jun 23, 2016
Invested : Jul 27, 2016

Sector

Cement

Project Description

IFC is considering an A loan of up to U.S.$120 million with an additional blended finance tranche of up to U.S.$50 million, to support CEMEX, S.A.B. de C.V.’s (“CEMEX” or the “Company”) sustainable investment program in emerging markets. CEMEX is a global building materials company that operates in more than 50 countries throughout the Americas, Europe, Africa, the Middle East, and Asia. As of December 31, 2015, CEMEX had 43,117 employees, 56 cement plants and an additional 12 cement plants in which CEMEX has a minority participation, 1,608 ready-mix-concrete facilities, 305 aggregate quarries, 242 distribution centers and 61 marine terminals, as well as 2 research and development centers.

IFC financing will support projects to enhance improvements in environmental performance at CEMEX’s operations, with more than two thirds of the funds allocated to projects aimed at the Company’s greenhouse gas (“GHG”) emissions reduction. The remaining one third of the funds will cover overall air emission control improvements.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation