About Us - Press Release - CEMEX supplies ready mix concrete for one of the tallest buildings in Asia
October 21, 2010
CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it is one of the main concrete suppliers for the Gaoyin 117 project in Tianjin, China, which, upon completion, will be one of the tallest buildings in Asia. So far, the company has supplied nearly 95,000 cubic meters of concrete for the underground engineering of the project.
At a height of 598 meters when completed, the Gaoyin 117 project will require over 500,000 cubic meters of ready-mix concrete in order to build its 117 stories. The project, which began construction in 2008, will take between five and seven years to complete and will require a total investment of nearly $3 billion.
"The Gaoyin 117 project is a major milestone for CEMEX's operations in Asia. We are very proud to be the supplier of choice for what will be a landmark building in the Chinese landscape," says Jaime Ruiz de Haro, CEMEX Asia Region President.
CEMEX is the main supplier for the foundation, which will require 941 concrete piles, which are long structures that are placed deep into the ground where the building will lie. Concrete piles provide strength and stability to the overall building structure.
CEMEX operates four ready-mix concrete plants in China, in the northern cities of Tianjin and Qingdao, and has presence throughout Asia with operations in the Philippines, Thailand, Malaysia, and Bangladesh.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.
CEMEX is one of the main concrete suppliers for
the Gaoyin 117 skyscraper project in Tianjin, China.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release.