Cemex SAB de CV

Cemex is a holding company primarily engaged, through its operating subsidiaries, in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker.

The company owns Israeli Readymix Industries, which owned and operate four settlement factories on occupied land: in the settlement industrial zones of Mevo Horon, Atarot and Mishor Adumim in the West Bank and Katzrin in the occupied Golan Heights.

Through Readymix, Cemex has provided concrete elements for the construction of military and settlement infrastructure across the occupied West Bank. These were designed for use in the construction of the Hawara and Azzun-Atma checkpoints and a security wall along the Gilo Bridge; similar concrete products were used in the construction of the light rail in East Jerusalem. Additionally, the company regularly provides concrete products for the construction of settlements and outposts on the West Bank.

 

Economic Activism Highlights

  • On April 12, 2016, the College Council of the University of Chicago passed a resolution to Divest University funds from apartheid, urging the university “ to withdraw, within the bounds of their fiduciary duty, investments in securities, endowments, mutual funds, and other monetary instruments with holdings in companies profiting from human rights abuses and violations of international law in Palestine, including, Cemex."
  • In June 2015 KLP, the largest life insurance company in Norway, decided to divest from Cemex because the company's "operations are associated with violations of fundamental ethical norms."
  • Students at UC Los Angeles passed a resolution to divest from Cemex in November 2014, protesting its role “in illegal West Bank settlements.”
  • UC Riverside’s student senate passed a resolution in 2014 urging the university to divest from Cemex, which  “illegally owns and operates manufacturing plants in West Bank settlements, exploiting Palestinian natural resources in violation of international law.”
  • Nordea Bank excluded Cemex in 2013, citing its “extraction of Palestinian natural resources.” 
  • In November of 2012, UC Irvine’s student senate voted unanimously to divest from Cemex, stating that the company “illegally  owns and operates manufacturing plants in West Bank settlements, exploiting Palestinian natural resources in violation of international law.”