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Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel

Sab Cpo
in 2011

$15 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israelís Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
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Mexicoís Cemex company Ė the worldís largest supplier of building materials and third largest cement producer Ė has refused to help build the US-Mexican border wall. However, the companyís Israeli subsidiary, Readymix, provides concrete for Israelís illegal separation wall, as well as for checkpoints and other Israeli infrastructure in the occupied West Bank. Readymix also operates plants in the illegally-occupied West Bank and Golan Heights.

In its 2010 report, Cemex said it owns "54 ready-mix concrete plants, eight aggregates quarries, one concrete products plant, one admixtures plant, one asphalt plant, one lime factory and one blocks factory in Israel."

The Yatir Quarry in the south Hebron Hills of the West Bank, is co-owned by Readymix (50%). International law (Hague Regulations, 1907, Article 55) prohibits the exploitation of natural resources in occupied territories. Swiss human rights activist, Adri Nieuwhof, reported that in May 2011 Readymix was filmed removing materials from Yatir through a checkpoint into Israel using a Volvo truck. (See Volvo in table "CPP Investments.")

In 2009, an Israeli human rights group, Yesh Din, unsuccessfully petitioned Israelís high court to end Israeli mining, including at Yatir. The groupís attorneys said such quarries are "clearly illegal activity, which constitutes blunt and ugly colonial exploitation of land we [Israel] had forcefully seized."

In another article, Nieuwhof notes that Cemex has also provided "concrete for the construction of Israelís controversial Jerusalem Light Rail project," which "strengthens Israelís grip on the greater Jerusalem area by connecting West Jerusalem with several settlements in or surrounding occupied East 


She also notes that CEMEX has endorsed the UN Global Compact. This "strategic policy initiative" commits businesses to "responsible business practices," such as making sure "they are not complicit in human rights abuses." She concludes that

"Although CEMEX is fully aware of its involvement in Israelís violations of international law in the occupied West Bank and the Golan Heights, it shows no sign of changing its policy."



COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products.

To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66.  Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):

pdf  3M Co
Amdocs Ltd
pdf  Analog Devices Inc

pdf  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
pdf  Cisco Systems
pdf  CRH plc
pdf  Daewoo Engineering & Construction
pdf  Daimler AG
pdf  Delek Group
pdf  Dell Inc
pdf  Discount Investment Corp
pdf  Doosan Corp
pdf  Eaton Corp
pdf  Elbit Systems
pdf  EMC Corp
pdf  Evraz Group
pdf  Fiat Industrial
pdf  Fiat SpA
pdf  Finmeccanica
pdf  Fujitsu Ltd
pdf  Hewlett-Packard Co
pdf  Hitachi Ltd
pdf  Honeywell International
pdf  Hyundai Motor Co
pdf  Hyundai Heavy Industries

Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus

State-owned Israeli War Industries:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.

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"Building a STRONGER Foundation," CEMEX 2010 20F Report


Readymix Industries

Adri Nieuwhof, "Multinational companies mining occupied Palestinian land," Electronic Intifada, May 22, 2011.

Cemex complicit in Israelís violations of international law, June 1, 2011

Adri Nieuwhof, "CEMEX tries to reason away complicity in Israeli violations of international law," Electronic Intifada, Aug. 19, 2011.