Cemex SAB de CV (ADR)(NYSE:CX) Offers Building Blocks For The New Chase Center

Cemex SAB de CV (ADR)(NYSE:CX) reported that it is offering the building blocks for the new Chase Center based in San Francisco, which is the future base of the NBA world champion Golden State Warriors for 2017. The company anticipates to offer ready mix concrete over 76,000 cubic meters for the new entertainment and sports complex set to start by the 2019 NBA season.

The details

CEMEX crews already have commenced pouring concrete at the place near downtown San Francisco for the building’s pillars. In addition to the pillars, the company will also offer other products utilized for the foundation of the big arena and an adjacent office building. Ignacio Madridejos, the USA President of Cemex, reported that the firm is dedicated to helping sustain the growth in California. It is offering premium quality offerings and superior consumer experience.

They are proud to offer the critical concrete that will establish the new, premier base for aficionados in the Bay Area to enjoy entertainment and sports. In recent years, the company has been a part of the altering skyline noted across northern California. Back in 2015, Cemex offering ready mix concrete for the establishment of the Golden 1 Arena in Sacramento. The company also supplied concrete for the 4-building complex, Lumina, in downtown San Francisco last year. Lumina was given a CEMEX Building Award in the residential housing segment last year.

Earlier Cemex reported that it supplied several solutions for the rehabilitation of sections of the both A1 as well as A2 Motorways. For the rehabilitation of approximately 6 kilometers of A1 Motorway close to Bremen, the firm offered nearly 1,000 cubic meters of Pervia©, enabling the establishment of a water permeable concrete layer under new concrete pavement of this highway.

In the last trading session, the stock price of Cemex gained 0.75% to close the day at $8.09.

Symbol        Alert        High        Gain

 

  VBIO          $0.67       $4.10      500%

  IMLFF        $0.11       $0.57      400%

  CMXC        $0.25       $0.45      80%

  REPCF       $0.54       $0.79      48%

 

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Sara Wilson

Sara Wilson

We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. No compensation.