CEMEX Reinforces Commitment to Egypt’s Development

Largest part of the investment is expected to increase the capacity to use pet coke, coal and other alternative fuels as energy source.

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that it expects to invest approximately U.S.$100 million (approximately 700 million Egyptian pounds) to significantly improve its operations in Egypt and continue supporting the country’s housing, commercial and infrastructure development. The planned investments were discussed in a meeting between Sergio Menendez, President of CEMEX in Egypt, and Yehia Hamed, Egyptian Minister of Investment.

“CEMEX is constantly providing industry-leading building solutions that help improve the well-being of the people of Egypt,” says Menendez. “This investment is expected to support the sustainable development of Egypt for many generations."

A sizable percentage of the investment will be used by the company to increase its capacity to use coal and pet coke as energy sources in its Assiut cement plant, helping to eliminate fuel subsidies by 2014. CEMEX also expects to install new waste co-processing and environmental equipment in the plant to continue reducing its emissions and to increase its alternative fuels usage. Since 2000, CEMEX has co-processed over 250,000 tons of waste in Egypt, converting them into alternative fuels. In 2010, CEMEX inaugurated a new U.S. $12 million dust filter equipped with the latest technology to reduce emissions in its Assiut cement plant.

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