MONTERREY, Mexico, August 02, 2022--CEMEX added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonize its global fleet.
As of the second quarter, our pricing strategy has fully offset inflationary cost in dollar terms. Despite significant macro volatility, our EMEA region demonstrated exceptional resiliency with a 17% EBITDA growth year to date.
Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast, even as it boosted prices to offset surging energy costs. The company, one of the largest concrete suppliers worldwide, reported a net profit of $265.3 million during the reported quarter, down from $269.9 million a year earlier. It was able to mostly offset inflationary pressures with higher prices, posting a 6.8% rise in quarterly revenue to $4.08 billion, compared with $3.82 billion a year earlier.