Apr 24, 2020   SOURCE: BusinessWire

CEMEX Implements 50 New Hygiene and Safety Protocols to Address COVID-19

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has implemented more than 50 new hygiene and safety protocols to minimize the risk of COVID-19 contagion in its cement, ready-mix concrete, and aggregates operations across the world. The company’s operations are in strict adherence to the authorities´ regulations, recognizing the importance of the construction industry in supporting the maintenance and service of essential infrastructure required to face the pandemic and contribute to the economy in the countries where the company is present.

At CEMEX, the health and safety of its employees is the company’s number one priority. Its core businesses of cement, ready-mix concrete, and aggregates have, by nature, a low density of employees in the work area, so the risk of transmission is less probable. However, more than 50 new protocols were implemented to reduce the risk of contagion.

“Due to this pandemic, we have complemented our existing protocols by developing and implementing special protocols and guidelines to protect our employees, communities, and customers from COVID-19 risk. Additionally, we are constantly updating and improving our protocols to be in line with official health regulations,” said Fernando A. González, CEO of CEMEX.

The protocols developed by CEMEX are based on national and international guidelines established by experts in the field, such as the World Health Organization (WHO), and in strict adherence to local health regulations. Among the protocols implemented are the company’s Personal Hygiene Protocol, Physical Distancing Protocol, Screening at Workplace Protocol, CEMEX Truck Drivers Protocol, Workplace Cleaning Protocol, and Commuting To and From Work Protocol, among many others.

The construction industry provides critical infrastructure components necessary during the COVID-19 pandemic, including maintaining critical transportation infrastructure such as bridges and roads, repairing existing hospital infrastructure, creating new temporary emergency hospitals and healthcare facilities, and maintaining society’s basic needs such as water and energy, among many other fundamental needs.

CEMEX is also leveraging its existing digital technologies to limit physical contact and protect employees, customers, and suppliers. For example, CEMEX´s commercial teams around the world are in constant communication with their clients remotely, effectively leveraging CEMEX Go, the company´s digital platform. With CEMEX Go, customers can place orders, review their history of transactions, track their shipments in real-time via GPS, receive instant notifications of their order status, evaluate and adjust their orders, request invoicing, and make payments.

For more information on the mitigation measures implemented by CEMEX, as well as the importance of the construction industry in the economy, please visit: http://www.cemex.com/covid19.

CEMEX is a global building materials company that provides high quality products and reliable services. CEMEX has a rich history of improving the wellbeing of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information on CEMEX, please visit: www.cemex.com.

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This press release contains forward-looking statements and information within the meaning of the U.S. federal securities laws. CEMEX, S.A.B. de C.V. and its direct and indirect subsidiaries (the “Company”) intend for these and any other forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “should,” “could ,”“continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “plan,” “believe,” “foresee,” “predict,” “potential,” “guidance,” “target,” “strategy” and “intend” or other similar words. These forward-looking statements reflect the Company’s current expectations and projections about future events based on the Company’s knowledge of present facts and circumstances and assumptions about future events, as well as the Company’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on the Company, include, but are not limited to: the cyclical activity of the construction sector; the Company’s exposure to other sectors that impact its business, such as, but not limited to, the energy sector; competition; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which the Company operates or that affect its operations and any significant economic, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; the Company’s ability to satisfy its obligations under the Company’s material debt agreements, the indentures that govern the Company’s outstanding senior secured notes and the Company’s other debt instruments; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of the Company’s below investment grade debt rating on its cost of capital; loss of reputation of our brands; the Company’s ability to consummate asset sales, fully integrate newly acquired businesses, achieve cost savings from its cost-reduction initiatives and implement its global pricing initiatives for the Company’s products, including the Company’s “A Stronger CEMEX” plan; the increasing reliance on information technology infrastructure for the Company’s operations, sales in general, sales invoicing, procurement, financial statements and other processes that can adversely affect the Company’s sales and operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subject to cyber-attacks; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products; weather conditions; trade barriers, including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from, free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy, or becoming subject to similar proceedings; natural disasters and other unforeseen events; economic, social and other effects of the outbreak and the ongoing global spread of the novel coronavirus (COVID-19); and the other risks and uncertainties described in the Company’s public filings. You are urged to carefully consider the risks, uncertainties and other factors that affect the Company’s business and should review future reports filed by the Company with the U.S. Securities and Exchange Commission. The protocols and measures being implemented by the Company to reduce the impacts of COVID-19 are considering the effect of COVID-19 to this day, which may not be enough if the COVID-19 pandemic worsens. The information contained in this press release is subject to change without notice, and the Company is not obligated to, and does not intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.