OREANDA-NEWS. October 22, 2015. CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that its Panamanian operations were awarded the highest recognition in sustainable development and environmental management by the Panamanian Chamber of Construction (CAPAC for its acronym in Spanish). CEMEX Panama earned this honor for its implementation of protection and conservation policies in the environments where the company operates.

The CAPAC’s panel of judges included engineers, architects, developers, governmental officials, and scholars. The award criteria included companies’ environmental policies, energy and water efficiency, waste management, and handling of chemical substances; air pollution mitigation; environmental controls and records; environmental contingency plans; and reforestation plans.

CEMEX Panama obtained this recognition thanks to such initiatives as its Technological Innovation Project based on P+L Systems, which resulted in energy savings of 32% at its cement plant; its Reduction of Water Consumption Project, which helped reduce its water consumption by over 35% at its cement plant; its waste management and waste-water treatment policies; and its Reforestation Project, which will enable the recovery of 63.3 hectares of forest by 2019.

“We are very honored to receive this award, which recognizes the integration of environmental management in our daily operations and processes,” said Andres Jimenez, President of CEMEX Panama. “Sustainability is an integral part of our business model and a core component of CEMEX’s future growth.”

The CAPAC is a non-profit organization that aims to promote, develop, protect, and defend the activities of Panama’s construction industry.

CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.