bmv cemex nyse cx bvc clh industry building materials founded 1906 headquarters monterrey mexico area served worldwide key people rogelio zambrano lozano chairman fernando a. gonzalez ceo jose a. gonzalez cfo products cement ready mix concrete construction aggregates revenue us 15.7 billion 2014 net income us 507 million 2014 total assets us 34.9 billion 2014 number of employees 44 000 website www.cemex.com cemex s.a.b. de c.v. known as cemex is a mexican multinational building materials company headquartered in san pedro near monterrey mexico . it manufactures and distributes cement ready mix concrete and aggregates in more than 50 countries . it is the second largest building materials company worldwide only after lafargeholcim . lorenzo zambrano was the chairman and chief executive officer until his death on may 12 2014 . about one third of the company s sales come from its mexico operations a quarter from its plants in the u.s. 15 % from spain and smaller percentages from its plants around the world . citation needed cemex ready mix truck departing jobsite after dispensing concrete for a multi storey residential project . the location is villahermosa mexico . cemex currently operates on four continents with 66 cement plants 2 000 ready mix concrete facilities 400 quarries 260 distribution centers and 80 marine terminals . 1 the company s world headquarters are in san pedro garza garc a a city that is part of the monterrey metropolitan area in the northeastern mexican state of nuevo le n. 2 3 4 5 6 contents 1 history 1.1 internationalization 1990 2006 1.2 recent history 2006 2 cemex worldwide 3 subsidiaries 4 social responsibility 5 environmental record 6 see also 7 references 8 external links history edit cemex was founded with the opening of cementos hidalgo in 1906 . meanwhile cementos portland monterrey began operations in 1920 and in 1931 the two companies merged becoming cementos mexicanos now cemex . in the 1960s cemex grew significantly when it acquired several more plants throughout mexico . in 1976 the company went public on the mexican stock exchange and that same year became the largest cement producer in mexico with the purchase of three plants from cementos guadalajara . in 1982 the company made significant progress in overseas markets doubling its exports . further acquisitions of mexican cement companies were made in 1987 and 1989 making cemex one of the ten largest cement companies in the world . in 2004 cemex received the wharton infosys business transformation award for their creative and efficient use of information technology . 7 internationalization 1990 2006 edit in 1992 cemex began its push into the international landscape with the purchase of spain s two largest cement companies valenciana de cementos valcem currently head of cemex spain and cementos sanson . venezuela s largest cement company vencemos was acquired by cemex in 1994 and plants were purchased the same year in the united states and in panama . in 1995 cemex acquired a cement company in the dominican republic and with the purchase of a majority stake in a colombian cement company in 1996 cemex became the third largest cement company in the world . in 1997 1999 the company expanded its scope to include asia and africa making major purchases in the philippines indonesia and egypt as well as costa rica . the acquisition of u.s. based southdown made cemex the largest cement company in north america and further international purchases were made in the following two years a thai company in 2001 and in 2002 a puerto rican company . 8 on march 1 2005 cemex completed its 5.8 billion acquisition of the london based rmc group which made cemex the worldwide leader in ready mix concrete production and increased its exposure to european markets . with the acquisition the company expected its annual cement production to increase to 97 million tons . also they had hoped to see its annual sales grow to 15 billion just shy of the market leader lafarge nyse lr which had sales of 17 billion . as none of these targets was met cemex started looking for another suitor in its m & a push . on october 27 2006 cemex announced a us 12.8 billion offer to acquire all of the outstanding shares of rinker group limited . seven months later on april 10 2007 the rinker board of directors approved an upgraded offer of usd 14.2 billion and on june 7 2007 cemex secured the commitment from the holders of more than 50 % of the shares to complete the acquisition . recent history 2006 edit in november 2006 an american embassy cable released via wikileaks listed cemex among mexico s monopolists with a market share of 87.6 % ; its competitor holcim apasco was listed with a market share of 12.4 % . 9 shortly after the apparent finalization of the rinker deal on 2007 the united states department of justice brought an antitrust lawsuit against cemex blocking the acquisition . 10 after a lengthy process cemex complied with regulators by divesting selling 40 cement and concrete plants formerly part of itself or rinker essentially devaluing the initial deal . 11 in april 2008 the president of venezuela hugo ch vez announced the nationalization of the whole cement industry in that country in response to the belief that the industry was exporting its products in order to receive prices above those it was allowed within the country . 12 in mid 2008 the venezuelan government took over the venezuelan operations of cemex the largest venezuelan producer with around a 50 % market share ; a deal on compensation was still to be reached in march 2009 13 despite agreements being reached in mid 2008 with the other two major cement producers . 14 in december 2011 an agreement was reached with cemex receiving 600m in compensation and benefiting from the cancellation of 154m in debt . 15 after having problems with the mexican peso devaluation of 2008 including problems with derivatives 16 17 cemex had to rethink its international standings to decrease debt and avoid a default . in june 2009 cemex sold its australian operations to holcim for a 2.2 billion us 1.75 billion helping refinance its us 14 billion debt which partly was due to the acquisition two years earlier of the rinker group . 18 in december 2010 dol resolves employee back wage case with cemex the u.s. department of labor announced the filing of a consent judgment in a case against cemex inc. and the recovery of 1 514 449 in overtime back wages for 1 705 current and former ready mix drivers who worked in eight states . cemex worldwide edit cemex united states offices in memorial city houston cemex world corporate headquarters is in monterrey mexico 2 and its u.s. operations headquarters is in memorial city houston texas . 3 4 5 6 the company operates in over 50 countries territories around the world including angola argentina brazil brunei canada colombia costa rica croatia czech republic dominican republic egypt el salvador finland france germany haiti hungary ireland indonesia israel latvia malaysia morocco nicaragua nigeria norway panama philippines poland puerto rico singapore spain sweden switzerland turkey united arab emirates united kingdom subsidiaries edit cemento ponce general see ponce cement inc. ponce puerto rico puerto rican cement company guaynabo puerto rico compania valencia de cementos portland s.a. madrid spain rinker materials corporation west palm beach florida united states cemex australia pty limited chatswood australia cemex asia holdings ltd. philippines cxnetworks miami florida united states cemex usa houston 19 texas united states western rail road new braunfels texas united states cemex uk limited thorpe surrey united kingdom new sunward holding amsterdam netherlands cena acquisitions corporation houston texas united states cemex mexico monterrey nuevo leon mexico social responsibility edit cemex has developed a number of educational and social responsibility initiatives . for example it instituted the premio cemex an annual award that recognizes works in the fields of sustainability accessibility construction and architecture . also it funds the catedra blanca an honors architecture courses in three universities the itesm in monterrey the universidad iberoamericana in mexico city and the barcelona school of architecture . also cemex has created the centro cemex tecnol gico de monterrey which is a research and development program for sustainable communities across mexico thru the premio cemex tec . in 2007 the organization of american states oas through their trust for the americas awarded the company the corporate citizen of the americas award 2007 for the social benefits of their program patrimonio hoy in mexico that according to jos miguel insulza president of the oas has a positive effect in low income families . this initiative conceived in 1998 aims to reduce the mexican housing deficit which leaves more than 20 million people with inadequate shelter . patrimonio hoy organizes low income families into self financing cells that facilitate and expedite the typical homebuilding process . cemex and its network provide the products needed but also the technical assistance including an architect who helps design homes to optimize space and reduce waste . to date more than 150 000 mexican families have realized their dreams of home ownership 20 environmental record edit cemex has been accused of violating environmental laws in the united states . environmental watchdog groups and the united states environmental protection agency are threatening to file suit claiming the company has committed numerous violations of the clean air act in lyons colorado . 21 the united states environmental protection agency has also filed suit against cemex in victorville california claiming the company failed to install modern air pollution controls despite spending millions in renovations . 22 in the united kingdom cemex was originally fined 400 000 on october 2006 after hazardous dust was deposited up to three miles 5 km away from its rugby works . the fine was the highest ever given under the integrated pollution prevention and control regulations and was also the highest for an environment agency prosecution for six years . 23 the fine was however judged excessive by the court of appeal and so reduced to 50 000 . 24 in april 2007 cemex announced that it had installed a 6.5 million dust abatement system at the same works in rugby which had cut particulate emissions by 80 % . the site comes under the auspices of the eu waste incineration directive as it burns waste tyres for fuel . there are concerns over the impact on both the environment and human health from this practice although it is common practice in many cement works . 25 during tests conducted from june 10 to august 5 2008 the monterey bay california unified air pollution control district reported high levels of chromium vi also known as hexavalent chromium a cancer causing chemical agent at an elementary school and fire department in davenport california . chromium vi is the contaminant that inspired the movie erin brockovich . the toxic substance apparently originated from dust emitted by the cemex cement plant in davenport as the levels of chromium vi measured eight times the air district s acceptable level at pacific elementary school and 10 times at the davenport fire department . both are located less than a half mile from cemex . 26 chromium vi may have been unwittingly produced at the cemex plant in davenport for the last seven years . according to ed kendig the executive director of the monterey bay unified air pollution control district it s highly possible that chromium vi continues to be produced across the country as an accidental previously unknown byproduct of the cement making process . 27 in 2007 the epa filed a complaint against cemex for violating federal air regulations at its victorville plant and in 2006 cemex was cited for violations at plants in santa barbara and michigan . 27 see also edit mexico portal companies portal main cemex competitors global cement players are 28 lafarge holcim heidelbergcement