Volume, pricing growth driving Cemex forward

Gonzalez

Cemex experienced some gains in its U.S. aggregate business in the third quarter, including volumes and pricing.

Aggregate volumes were up 3 percent in the third quarter this year compared with last year’s third quarter, with aggregate pricing up 6 percent compared with the same period of 2020. According to Cemex, the broader strength of its volume performance combined with broader improvements in pricing led to double-digit growth in net sales.

Additionally, Cemex says its continued to enjoy strong demand across all products in the U.S. – with most of its markets sold out. Aside from aggregate, cement volumes grew 5 percent and ready-mixed concrete volumes grew 10 percent, with the residential sector continuing to drive activity.

“We are pleased to report strong top-line growth reflecting continued growth in demand for our products, coupled with an acceleration in pricing momentum,” says Fernando González, CEO of Cemex. “We are confident that our pricing strategy will more than compensate for the sudden runup in input cost inflation we have experienced. We remain optimistic regarding outlook, as most of our markets are operating at high-capacity utilization and sustainable midcycle levels that will be supported by monetary and fiscal stimulus, while others are just beginning an upcycle.”