GCC Signs Long Term Agreement with Renewable Energy Supplier for Its Odessa, Texas Cement Plant
September 12, 2019
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Grupo Cementos de Chihuahua, S.A.B. de C.V announced that it has signed a long-term agreement with a leading U.S. based energy provider to supply solar and wind power to GCC’s Odessa, Texas cement plant, thereby covering 100% of the electricity consumed at these operations. Resulting in approximately 45,000 metric ton reduction in CO2, annually; equivalent to around 9,500 passenger vehicles driven for a year, based on the U.S Environmental Protection Agency estimate. The 10-year fixed-price agreement takes effect beginning July 2022 and represents a ~22% decrease from the current electricity price for the Odessa plant, translating into USD 4.6 million in total savings for this period. GCC remains focused on implementing global best practices related to sustainability throughout the organization while further strengthening the Company’s overall profitability.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
