Cemex Advances U.S. Growth Strategy with Joint Venture in Aggregates
Agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings will increase Cemex presence in the Mid-South.
Cemex has announced a joint venture agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings. This agreement is part
of Cemex's ongoing strategy to accelerate growth in the U.S. and expand its aggregates business.
This joint venture will strengthen Cemex’s aggregate reserves with the production, distribution and sale of sand, gravel, and limestone in the Mid-South, increasing its presence and providing better and faster service to this growing region.
“This joint venture will create significant opportunities for both parties by utilizing vertical integration and leveraging each other's capabilities for growth,” said Jaime Muguiro, Cemex U.S. President. “We remain committed to increasing our capacity to serve the U.S. market with more sustainable and innovative solutions.”
Couch Aggregates, a long-time strategic partner of Cemex U.S., is a major player in the aggregate materials industry in the southeastern United States, serving various markets with construction materials like sand, gravel and crushed stone. Premier Holdings strategically operate Gulf Coast marine terminals, facilitating the distribution of value-added heavy building materials to wider markets.
Starting in 2020, Cemex has focused on rebalancing its portfolio towards the U.S., increasing its percentage of EBITDA contribution from 24% to 29%. The company intends to increase this number to 40% in the medium term by increasing the growth capex and investing divestment proceeds to the region.
About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies.
Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com
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