MONTERREY, Mexico--()--CEMEX S.A.B. de C.V. (NYSE: CX) announced today the winners of INTEGRATE, the company’s Global Suppliers Innovation Program. Among other attributes, the winning ideas were recognized for their innovation, financial contribution, speed and ease of implementation, and scalability for different countries and operations.
“At CEMEX, we are always seeking innovative ways to improve and implement new ideas. We believe that fostering innovation alongside our suppliers promotes continuous improvement across our supply chain, benefiting both our company and our suppliers”
The suppliers’ proposed ideas were subjected to a two-phase evaluation process: first, scrutiny by 55 Global Procurement executives, Procurement country heads and Corporate Innovation; and second, analysis by 13 experts from different areas throughout CEMEX.
Fiorini Industrial Packaging S.p.A.
Idea: “GH2OST,” a cement paper sack with a patented water-soluble coating that protects cement from humidity and can be thrown into the mixer with the cement still in it.
Mondi Kraft Paper
Idea: “The Future Is High Porous,” a paper cement sack made with high-quality porous paper that makes it lighter and stronger, while improving its operating performance.
Vega Industries Ltd.
Idea: “Early Order Discount Program,” rewards plants that start their maintenance and replenishment planning process earlier in the year with zero additional investment and savings ranging from 8% to 12%.
“At CEMEX, we are always seeking innovative ways to improve and implement new ideas. We believe that fostering innovation alongside our suppliers promotes continuous improvement across our supply chain, benefiting both our company and our suppliers,” said Jaime Elizondo, President of CEMEX South, Central America and Caribbean and head of Global Procurement.
About the Winners
Fiorini designs and produces paper sacks for companies operating in the following industry sectors: building, minerals, chemicals, food, seeds, and animal feed. The company began supplying CEMEX in 2005. For more information about Fiorini, please visit: www.fiorini.biz/en.
Mondi Kraft Paper, a subsidiary of Mondi Group, is a leading supplier of kraft papers and bleached as well as unbleached market pulp. Their relationship with CEMEX started in the late 1990s. For more information about Mondi Kraft Paper, please visit: www.mondigroup.com.
Vega Industries Ltd., a wholly owned subsidiary of AIA Engineering Ltd., is a supplier of high chromium wear, corrosion, and abrasion resistant castings used in the cement, mining, and thermal power generation industries. It has served as a supplier to CEMEX for over a decade. For more information about Vega, please visit: www.aiaengineering.com.
CEMEX presented the awards at a ceremony on Thursday, March 14, at CEMEX Corporate Headquarters in Monterrey, Mexico. Among those attending the event were Mr. Giovanni Fiorini, Vice President of Fiorini Industrial Packaging, and Mr. Hans Finsterer, Director of Overseas Sales for Mondi Kraft Paper, who accepted the first- and second-place awards on behalf of their companies.
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.
For more information, please visit: www.cemex.com
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This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX or the project herein described to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release.