EU Backs Pioneering CO2 Capture Project at Cemex's Rüdersdorf Cement Plant
MONTERREY, Mexico--(BUSINESS WIRE)-- #cemex--A consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive €157 million in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex's Rüdersdorf Cement Plant in Germany. The project, Cemex's largest planned Carbon Capture Use and Storage (CCUS) project to date, aims to capture 1.3 million metric tons of CO2 per year from Rüdersdorf's cement production, ultimately.
CEMEX: Patience Should Pay Off, As Multiple And Growth Prospects Remain Favorable
CEMEX's Mexican segment shows steady growth, offsetting weaknesses in Europe and the Middle East, leading to flat to slightly positive growth in 2024. Strong pricing and decelerating cost inflation are expected to support margins, with volume growth in the U.S. and Mexico driving top line growth. Despite recent stock decline due to FX headwinds, the stock is attractively priced with promising long-term prospects from onshoring and federal funding.
A Little Rain Won't Slow Down The CEMEX Growth Engine
CEMEX faced weather-related headwinds in key US and Mexico markets, causing significant volume drops, especially in the ready-mix category with a 9% decline. Despite significant weather-related and macroeconomic headwinds, CEMEX maintained positive growth through strategic pricing, strong execution, and efficient cost management, showing resilience amid industry challenges. CEMEX's stock appears undervalued compared to peers, with lower price multiples despite steady performance, creating a strong buy opportunity.
Cemex Acquires RC-Baustoffe Berlin to Expand Circularity Business
CX's recent acquisition is likely to support the ongoing efforts to grow its circularity business and recover nearly 14 million tons of CDEM annually by 2030.
3 Affordable Stocks Under $10 Ready to Rebound Soon
When markets start to get choppy, investors typically look for the most affordable stocks that promise some upside potential for the coming quarters. After the S&P 500 had a small version of a “flash crash” triggered by the unwind of the so-called “carry trade” between the Japanese yen and U.S. dollar, a quick recovery signaled markets that things might be better than they seem.
UK Stone Quarrying Industry Research Report 2024 Featuring Aggregate Industries UK, Cemex, Breedon Group, Tarmac Trading, and Hanson Quarry
Dublin, July 29, 2024 (GLOBE NEWSWIRE) -- The "Stone Quarrying in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
3 Hidden Gem Stocks Ready to Explode in July
Betting on the top hidden gem stocks could potentially take your investment portfolio to the next level. In a year dominated by a handful of tech giants, broadening your portfolio to include high-potential stocks becomes imperative.
Cemex: Positive Drivers Undermined By Worries Around Mexico And Capital Allocation
Cemex stock has underperformed peers, in large part due to bearish sentiment on Mexico after the recent presidential election. Demand and margins have stayed healthy in Mexico, and Q2 should see double-digit growth again, but guidance for the second half is a big watch item. U.S. results have been less impressive, with Cemex seeing headwinds from weather, weaker residential and non-residential demand, and higher transportation costs, but the longer-term supply/demand outlook is favorable.
Broad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG, a leading provider of HR, payroll, workforce management, and culture solutions for all people, today provided a business update for the second quarter of fiscal 2024, ending March 31, 2024. “We continue to see strong demand for UKG solutions from organizations of all sizes and in all geographies with a variety of business-critical needs,” said Chris Todd, CEO at UKG. “UKG Ready had a particularly impressive quarter, as our investments and focu.
