building a STRONGER foundation - Cemex

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(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the fiscal year ended December 31, 2010 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR OR Date of event requiring this shell company report For the transition period from to Commission file number 1-14946 CEMEX, S.A.B. de C.V. (Exact name of Registrant as specified in its charter) CEMEX PUBLICLY TRADED STOCK CORPORATION WITH VARIABLE CAPITAL (Translation of Registrant’s name into English) United Mexican States (Jurisdiction of incorporation or organization) Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre, Garza García, Nuevo León, México 66265 (Address of principal executive offices) Ramiro G. Villarreal Morales, (011-5281) 8888-8888, (011-5281) 8888-4399, Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre, Garza García, Nuevo León, México 66265 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Page 1: CEMEX 2010 20F REPORT building a ST
Page 5 and 6: TABLE OF CONTENTS PART I Item 1 - I
Page 7: PART II Item 13 - Defaults, Dividen
Page 10 and 11: PART I Item 1 - Identity of Directo
Page 12 and 13: On April 12, 2011, we obtained cons
Page 14 and 15: The Asia-Pacific region will likely
Page 16 and 17: The private placement obligations s
Page 18 and 19: As a result of the restrictions und
Page 20 and 21: During the fourth quarter of 2008,
Page 22 and 23: Our operations are subject to envir
Page 24 and 25: In addition to the risks identified
Page 26 and 27: Additional Consolidation Taxes aris
Page 28 and 29: The following table sets forth, for
Page 30 and 31: CEMEX, S.A.B. DE C.V. AND SUBSIDIAR
Page 32 and 33: (11) Non-controlling interest, as o
Page 34 and 35: During the last two decades, we emb
Page 36 and 37: Geographic Breakdown of Our 2010 Ne
Page 38 and 39: Strengthen our capital structure an
Page 40 and 41: Low income Housing and Infrastructu
Page 42 and 43: There are two primary processes use
Page 44 and 45: As of December 31, 2010, we operate
Page 46 and 47: Related Products We rely on our clo
Page 48 and 49: (4) CEMEX, S.A.B. de C.V. and Centr
Page 50 and 51: Our Operating Network in Mexico Dur
Page 52 and 53:
As part of our Global Cost-Reductio
Page 54 and 55:
The construction industry has recen
Page 56 and 57:
As of December 31, 2010, we also ha
Page 58 and 59:
Our Operating Network in Spain Prod
Page 60 and 61:
Competition. Our primary competitor
Page 62 and 63:
Our Operating Network in Germany De
Page 64 and 65:
Our Operations in Poland Overview.
Page 66 and 67:
Capital Expenditures. We made capit
Page 68 and 69:
Competition. The Costa Rican cement
Page 70 and 71:
Capital Expenditures. We made capit
Page 72 and 73:
Competition. As of December 31, 201
Page 74 and 75:
February 7, 2011, CEMEX Polska rece
Page 76 and 77:
Antitrust Cases in Egypt. On Octobe
Page 78 and 79:
In 2007, the EPA launched a CAA enf
Page 80 and 81:
Tariffs The following is a discussi
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United States. As of the date of th
Page 84 and 85:
Personal Injury Lawsuit in Puerto R
Page 86 and 87:
June 5, 2010, CEMEX Colombia receiv
Page 88 and 89:
Critical Accounting Policies Identi
Page 90 and 91:
Significant judgment is required to
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CERs received from the UNFCCC are r
Page 94 and 95:
On December 26, 2008, we sold our C
Page 96 and 97:
The following tables present select
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Mexico Our domestic cement sales vo
Page 100 and 101:
As a result of the decreases in dom
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Our domestic cement volumes from ou
Page 104 and 105:
Operating income from our operation
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Year Ended December 31, 2009 Compar
Page 108 and 109:
Geographic Segment Variations in Lo
Page 110 and 111:
United Kingdom Our domestic cement
Page 112 and 113:
Africa and the Middle East Our oper
Page 114 and 115:
Operating Expenses. Our operating e
Page 116 and 117:
Comprehensive Financing Result. Pur
Page 118 and 119:
Our primary sources and uses of cas
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Capital Expenditures As of December
Page 122 and 123:
On October 8, 2010, we announced th
Page 124 and 125:
On June 17, 2010, we announced the
Page 126 and 127:
(U.S.$735 million) and Ps9,968 mill
Page 128 and 129:
The 9.000% Senior Secured Notes due
Page 130 and 131:
CEMEX Venezuela As of and for the p
Page 132 and 133:
Our Derivatives Related to Energy P
Page 134 and 135:
Interest Rate Risk, Foreign Currenc
Page 136 and 137:
During 2008, we sold in several tra
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Item 6 - Directors, Senior Manageme
Page 140 and 141:
Name, Position (Age) Experience Lui
Page 142 and 143:
Rogelio Zambrano Lozano (54) Has be
Page 144 and 145:
The new law also eliminated the pos
Page 146 and 147:
The November 2001 Voluntary Exchang
Page 148 and 149:
Employees As of December 31, 2010,
Page 150 and 151:
Related Party Transactions Bernardo
Page 152 and 153:
Item 9 - Offer and Listing Market P
Page 154 and 155:
The cancellation of registration of
Page 156 and 157:
convertible notes. Preemptive right
Page 158 and 159:
issuing preferred shares; redeeming
Page 160 and 161:
Dividends At the annual ordinary ge
Page 162 and 163:
On December 14, 2009, our subsidiar
Page 164 and 165:
Deposits and withdrawals of ADSs wi
Page 166 and 167:
The agreements may contain represen
Page 168 and 169:
You may view our code of ethics in
Page 170 and 171:
NYSE LISTING STANDARDS CEMEX CORPOR
Page 172 and 173:
4.3 U.S.$2,300,000,000 Amended and
Page 174 and 175:
4.21.1 First Supplemental Note Inde
Page 176 and 177:
4.35.1 Conformed copy of the Interc
Page 178 and 179:
4.44.7 Accession Deed, dated March
Page 180 and 181:
4.71 Indenture, dated April 5, 2011
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CEMEX, S.A.B. de C.V. and subsidiar
Page 185 and 186:
INTERNAL CONTROL REPORT OF INDEPEND
Page 187 and 188:
CEMEX, S.A.B. DE C.V. AND SUBSIDIAR
Page 189 and 190:
CEMEX, S.A.B. DE C.V. (PARENT COMPA
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
S) OTHER EXPENSES, NET CEMEX, S.A.B
Page 201 and 202:
MFRS C-18, “Asset Retirement Obli
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Page 205 and 206:
Page 207 and 208:
3B) DISCONTINUED OPERATIONS CEMEX,
Page 209 and 210:
7. INVENTORIES CEMEX, S.A.B. DE C.V
Page 211 and 212:
10. PROPERTY, MACHINERY AND EQUIPME
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Page 215 and 216:
11B) ANALYSIS OF GOODWILL IMPAIRMEN
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Covenants CEMEX, S.A.B. DE C.V. AND
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13. OTHER CURRENT AND NON-CURRENT L
Page 225 and 226:
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15. INCOME TAXES A) INCOME TAXES FO
Page 229 and 230:
16. STOCKHOLDERS’ EQUITY CEMEX, S
Page 231 and 232:
C) RETAINED EARNINGS CEMEX, S.A.B.
Page 233 and 234:
B) Variable program CEMEX, S.A.B. D
Page 235 and 236:
Page 237 and 238:
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C) OTHER CONTINGENCIES FOR LEGAL PR
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21. RELATED PARTIES CEMEX, S.A.B. D
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Page 245 and 246:
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(b) Goodwill CEMEX, S.A.B. DE C.V.
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(l) U.S. GAAP adjustments to discon
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