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

0
2137

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.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.