CEMEX invests in COBOD to meet affordable housing needs

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CEMEX Ventures, the venture capital and open innovation unit of Mexican construction giant CEMEX, is investing in COBOD, a global leader in construction 3D printers. This investment is part of CEMEX’s strategy to deliver a superior customer experience through digital technologies.

CEMEX and COBOD have worked together over the past year to innovate in the field of 3D printing. Through this partnership, they recently introduced a 3D printing solution that uses conventional ready-mixed concrete in the construction process. The solution can generate significant cost savings over traditional 3D printing construction methods and has been implemented in multiple geographies. With this investment, CEMEX will strengthen its ability to use 3D printing technology and add another pathway to meet affordable housing needs. CEMEX and COBOD also intend to develop additional innovative hardware solutions for 3D printing applications.

Current 3D printing construction methods rely on highly specialized and expensive mortars. CEMEX has introduced a family of proprietary admixtures called D.fab, which allows conventional concrete to be effectively adapted for 3D-printed construction. This innovation in admixtures produces a more fluid and malleable concrete that facilitates 3D printing applications. COBOD’s printers and know-how, combined with admixtures, allow concrete to take shape instantly.

“The investment in COBOD reflects our customer-centric mindset and our consistent focus on continuous innovation and improvement. Together with COBOD, CEMEX has developed a customer experience in 3D printing construction that is superior to anything provided in the past,” said Gonzalo Galindo, Head of CEMEX Ventures. “Our innovation efforts position us at the forefront of new technologies that help build a better future.”

“I am proud that CEMEX, a global leader in the building materials industry, is joining us as an investor alongside our other shareholders PERI and GE Renewable Energy. CEMEX is already an important partner for us. Together we have already significantly improved construction 3D printing with the successful D.Fab solution and we intend to continue to develop new innovative materials to build a better future through hardware solutions for construction applications. 3D printing that significantly reduce construction costs and time,” said Henrik-Lund Nielsen, Founder and CEO of COBOD.

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