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Principal Subsidiaries | 12 Months Ended
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Dec. 31, 2024
Investments accounted for using equity method [abstract] |
Principal Subsidiaries |
27) | PRINCIPAL SUBSIDIARIES
As mentioned in notes 4.3 and 21.4, as of December 31, 2024 and 2023, there are non-controlling interests in certain consolidated entities that are in turn holding companies of relevant operations. The principal subsidiaries as of December 31, 2024 and 2023, which ownership interest is presented according to the interest maintained by Cemex, were as follows:
|  |  |  | % Interest |
Subsidiary |  | Country |  | 2024 |  |  | 2023 |
Cemex España, S.A. 1 |  | Spain |  |  | 99.9 |  |  |  | 99.9 |
Cemex, Inc. |  | United States of America |  |  | 100.0 |  |  |  | 100.0 |
Cemex Nicaragua, S.A. 2 |  | Nicaragua |  |  | 100.0 |  |  |  | 100.0 |
Assiut Cement Company |  | Egypt |  |  | 95.8 |  |  |  | 95.8 |
Cemex Colombia, S.A. 3 |  | Colombia |  |  | 99.7 |  |  |  | 99.7 |
Cemento Bayano, S.A. 4 |  | Panama |  |  | 99.5 |  |  |  | 99.5 |
Cemex Dominicana, S.A. 5 |  | Dominican Republic |  |  | 100.0 |  |  |  | 100.0 |
Trinidad Cement Limited |  | Trinidad and Tobago |  |  | 69.8 |  |  |  | 69.8 |
Caribbean Cement Company Limited 6 |  | Jamaica |  |  | 79.0 |  |  |  | 79.0 |
Cemex de Puerto Rico Inc. |  | Puerto Rico |  |  | 100.0 |  |  |  | 100.0 |
Cemex France (formerly Cemex France Gestion (S.A.S.)) |  | France |  |  | 100.0 |  |  |  | 100.0 |
Cemex Holdings Philippines, Inc. |  | Philippines |  |  | — |  |  |  | 89.9 |
Solid Cement Corporation |  | Philippines |  |  | — |  |  |  | 100.0 |
APO Cement Corporation |  | Philippines |  |  | — |  |  |  | 100.0 |
Cemex UK |  | United Kingdom |  |  | 100.0 |  |  |  | 100.0 |
Cemex Deutschland, AG. |  | Germany |  |  | 100.0 |  |  |  | 100.0 |
Cemex Czech Republic, s.r.o. |  | Czech Republic |  |  | 100.0 |  |  |  | 100.0 |
Cemex Polska sp. Z.o.o. |  | Poland |  |  | 100.0 |  |  |  | 100.0 |
Cemex Holdings (Israel) Ltd. |  | Israel |  |  | 100.0 |  |  |  | 100.0 |
Cemex Topmix LLC, Cemex Supermix LLC and Cemex Falcon LLC 7 |  | United Arab Emirates |  |  | 100.0 |  |  |  | 100.0 |
Cemex International Trading LLC 8 |  | United States of America |  |  | 100.0 |  |  |  | 100.0 |
Sunbulk Shipping, S.L.U. 9 |  | Spain |  |  | 100.0 |  |  |  | 100.0 |
1 | Cemex España is the direct or indirect holding company of most of Cemex’s international operations.
2 | Represents Cemex Colombia’s 99% interest and CLH’s 1% interest held indirectly through another subsidiary of CLH.
3 | Represents CLH’s direct and indirect interest in ordinary and preferred shares, including own shares held in Cemex Colombia’s treasury.
4 | Represents CLH’s 99.483% indirect interest in ordinary shares, which excludes a 0.516% interest held in Cemento Bayano, S.A.’s treasury.
5 | See subsequent event related to this subsidiary in note 28.
6 | Represents the aggregate ownership interest of Cemex in this entity of 79.04%, which includes TCL’s 74.08% direct and indirect interest and Cemex’s 4.96% indirect interest held through other subsidiaries.
7 | Cemex España indirectly owns a 49% equity interest in each of these entities and indirectly holds the remaining 51% of the economic benefits, through agreements with other shareholders.
8 | Cemex International Trading LLC participates in the international trading of Cemex’s products and fuel commercialization.
9 | Sunbulk Shipping, S.L.U. is involved mainly in maritime and land transportation and/or shipping of goods worldwide and the handling, administration, and hiring of shipments and cargo at ports, terminals and other loading and unloading destinations worldwide, as well as the offering and contracting of services in relation thereto for Cemex’s trading entities and operations.

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