OREANDA-NEWS. CEMEX, S.A.B. de C.V. announced that the International Finance Corporation (“IFC”) will grant CEMEX a loan of approximately €106 million to support CEMEX’s sustainable investment programs in emerging markets.

After a thorough assessment of CEMEX’s environmental, governance and social practices, the IFC will grant CEMEX funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by CEMEX. Approximately 60% of the funds will be allocated for projects related to the reduction of CEMEX’s greenhouse gas emissions, while the remainder of the funds will be allocated to cover improvements to CEMEX’s overall air emission controls.