ADVFN - Advanced Financial Network.
HOME» NYSE » C » CX Stock Price » CX Stock News

Cemex Share News

 Cemex S.a.b. De C.v. Stock Price
CX Stock Price
 Cemex S.a.b. De C.v. Stock Chart
CX Stock Chart
 Cemex S.a.b. De C.v. Stock News
CX Stock News
 Cemex S.a.b. De C.v. Company Information
CX Company Information
 Cemex S.a.b. De C.v. Stock Trades
CX Stock Trades

Osram Mexico Ready To Flip Switch To Efficient Light Bulbs

By Laurence Iliff Of DOW JONES NEWSWIRES MEXICO CITY -(Dow Jones)- The incandescent light bulb, a fixture in the Mexican household, is being phased out by government regulations but market leader Osram said it is ready to win over consumers to newer technology. The substitution of visually similar light bulbs at the consumer level "at times is difficult," said Jorge Cabrera, the Mexico marketing director for the unit of Siemens AG (SI). "When you physically see one that costs five pesos (40 cents) and another one that costs 15 pesos ($1.21) , you ask yourself why," Cabrera said, referring to the higher price of the newer, longer-lasting bulbs. He spoke following a presentation of Osram's substitution bulbs, including one using LED technology that will burns for 25 years. Osram said the Parathom light bulb uses 80% less energy than a comparable incandescent bulb. It also costs nearly 10 times as much. In the short term, Cabrera said, consumers are more likely to opt for relatively inexpensive halogen light bulbs that are physically similar to incandescents, or the power-saving "compact fluorescent" ones, both already on store shelves. Osram is the top seller of incandescent light bulbs in a market of about 260 million units a year. Mexican regulations for lighting mandate energy efficiency standards that will make incandescent bulbs obsolete, with 100-watt bulbs to be phased out at the end of 2011, followed by 75-watt bulbs in 2012. By the end of 2013, 60-watt and 40-watt light bulbs will be gone. The regulations have exceptions for bulbs under 40 watts, for decorative lighting, and for industries like transportation, mining and health care. Osram, GE Commercial Materials and Philips Mexicana helped develop the new standards, according to the regulatory document. Cabrera said the switch to more modern technologies will bring new players into the market. "This is going to be a revolution," he said during a press conference. "Before there were three players, now there are electronics companies like Toshiba and Samsung moving into lighting," he said. GE and Philips are currently the other two big lighting players in Mexico. Osram is one of many companies expected to bid on a government tender for about 45 million energy-saving light bulbs that will be used to jump-start the substitution program. Energy Minister Georgina Kessel, a big promoter of energy efficiency and renewable sources like wind power, said at the U.N. climate change conference in Cancun, Mexico, earlier this month that government and industry were working hand-in-hand for more sustainable development. She mentioned such programs as the move from incandescent lighting to low-power bulbs, a government-sponsored program to exchange old appliances for newer and more efficient ones, and wind farms built by companies like retailer Wal-Mart de Mexico, cement giant Cemex and bread maker Bimbo to power their own operations. -By Laurence Iliff, Dow Jones Newswires; (52-55) 5980-5184,

Stock News for Cemex (CX)
05/19/201618:00:00CEMEX Expands Reach of Its Social Strategy to at Least 15 Million...
05/09/201621:45:00CEMEX Announces Early Tender Results for Certain Senior Secured...
05/05/201608:08:00Corporate Social Responsibility Related News Releases and Story...
05/04/201606:30:00CEMEX Creates Fire and Explosion Proof Concrete
05/02/201612:50:00Cemex to Sell U.S Assets to Grupo Cementos de Chihuahua for $400...
05/02/201606:30:00CEMEX to Divest Certain Assets in the U.S.
04/28/201617:15:00CEMEX Announces Subscription Issue Price of New CPOs
04/28/201606:30:00CEMEX Reaffirms Its Commitment to Contribute to a Low-Carbon...
04/25/201623:45:00CEMEX Announces Tender Offer for Floating Rate Senior Secured...
04/22/201620:16:00CEMEX Files Annual Report on Form 20-F for Fiscal Year 2015
04/21/201606:15:00CEMEX Reports First-Quarter 2016 Results
03/11/201617:15:00CEMEX to Host Its Annual CEMEX Day on March 17, 2016
03/10/201622:05:00CEMEX Subsidiary Presents Application to Philippine Authorities...
03/10/201618:51:00ADRs End Mixed; Oi Declines
03/10/201606:30:00CEMEX Announces Divestment of Its Operations in Bangladesh and...
03/09/201622:30:00CEMEX Announces Pricing of U.S.$1.0 Billion in Senior Secured...
03/09/201608:14:00CEMEX Announces Offering of Senior Secured Notes
03/07/201618:36:00ADRs End Mostly Lower; Mining Firms Rise
03/07/201606:30:00CEMEX Obtains Required Consents to Amend Its Credit Agreement
02/04/201606:15:00CEMEX Reports Fourth-Quarter and Full-Year 2015 Results

Cemex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations