History of CEMEX

1906

CEMEX is founded in 1906 with the opening of the Cementos Hidalgo plant in northern Mexico.

1920

1920 Cementos Portland Monterrey started operations with an annual production capacity of 20,000 tons.

1948

CEMEX’s annual production capacity reaches 124,000 tons, a nearly fourfold increase from 1906.

1966

CEMEX grew into a regional player by acquiring Cementos Maya in Merida and building a new plants in Ciudad Valles and Torreon between 1966 – 1967.

1976

In 1976 CEMEX made an initial public offering at the Mexican Stock Exchange. Later that year, CEMEX became Mexico’s market leader with the acquisition of Cementos Guardalajara.

1985

For the first time, CEMEX’s annual sales exceed 6.7 million tons of cement and clinker, and the annual sales of three cement plants–Monterrey, Guadalajara and Torréon–each surpass 1 million tons.

1986

Through co-investments with North American cement companies, CEMEX consolidates its export program.

1987

1987 saw the acquisition of Cementos Anahua and started the implementation of a satellite system, CEMEXNet to connect the company’s facilities. With the acquisition of Cementos Tolteca, Mexico’s largest cement producer, CEMEX became one of the ten largest cement producers in the world.

1992

CEMEX acquired Spain’s two largest cement plants.

1994

CEMEX acquired Venezuela’s largest cement company, which was ideally positioned for exports. CEMEX then expanded into the USA operations by acquiring a cement plant in Texas and entered Panama with the acquisition of Cemento Bayano and ended 1995 having acquired Cementos Nacionales in Dominican Republic.

1994

CEMEX launches its alternative fuels strategy and begins converting its plants to enable them to use petroleum coke.

1994

CEMEX formally establishes its eco-efficiency program, the cornerstone of its sustainable development strategy.

1996

CEMEX became the third largest cement company in the world with the acquisition of Cementos Diamante and Samper in Colombia.

1998

Between 1998 – 1999 CEMEX acquired 25% interest in Indonesia’s largest cement producer. It also purchased APO Cement in the Philippines and an additional 40% economic interest in Rizal Cement.

1999

CEMEX lists on the New York Stock Exchange under the ticker symbol “CX”. Also in 1999 CEMEX formed CEMEX Asia Holdings (CAH), created to develop new partnerships and cement related business in Southeast Asia. We consolidated our presence in Central America and the Caribbean by acquiring Costa Rica’s largest cement producer and by the end of the 1999 CEMEX had also acquired Assiut Cement Company of the cement producer leaders in Egypt.

2000

CEMEX formalised the construction of a new grinding mill in Bangladesh.  We also became North America’s largest cement producer by acquiring the USA based Southdown.Inc.

2000

The company launches its CEMEX Way initiative to identify, incorporate and execute standardized best practices throughout the organization.

2000

Standard & Poor’s upgrades CEMEX’s credit rating to investment grade.

2001

CEMEX enter the Thai cement market by acquiring Saraburi Cement Company and in 2002 enhanced its position in the Caribbean by acquiring Puerto Rican Cement Company.

2005

CEMEX doubles its size with the acquisition of RMC, adding 20 mainly European markets. This integration strengthened CEMEX’s presence in Europe and positioned the company all the way through the industry value chain.

2006

More than 50,000 CEMEX employees celebrate the company’s 100th anniversary.

2007

CEMEX initiates the integration of Rinker.