José Itzamna Espitia Hernández's questions to Cemex SAB de CV (CX) leadership • Q2 2025
Question
José Itzamna Espitia Hernández of BBVA México asked for the demand outlook in Mexico and the U.S. for the second half of the year, considering the uncertain and challenging economic context.
Answer
CEO Jaime Muguiro projected a small sequential volume improvement in Mexico for H2, implying a ~2% YoY decline, supported by government social housing and infrastructure projects. For the U.S., he expects an implied +1% YoY increase in cement volume in H2, driven by infrastructure and data centers, but noted that the outcome is highly dependent on weather during hurricane season.