Cemex advances growth strategy in the United States with strategic aggregates alliance

Cemex press release

This is a machine translation of the original release, issued in Spanish

July 15, 2024

Cemex today announced a strategic alliance with sand and gravel supplier Couch Aggregates and bulk marine products distributor Premier Holdings. This alliance is part of Cemex's strategy designed to accelerate its growth in the United States and expand its aggregates business.

This strategic alliance will strengthen Cemex's aggregate reserves with the production, distribution and sale of sand, gravel and limestone in the south-central region, increasing its presence and offering better and faster service to this growing region.

“This strategic alliance will create significant opportunities for both parties, leveraging vertical integration and mutual capabilities for growth,” said Jaime Muguiro, President of Cemex in the United States. “We remain committed to increasing our ability to serve the US market with more sustainable and innovative solutions.”

Couch Aggregates, a long-standing strategic partner of Cemex in the United States, is a major player in the aggregates industry in the southeastern United States, serving several markets with construction materials such as sand, gravel and crushed stone. Premier Holdings strategically operates marine terminals on the Gulf Coast, facilitating the distribution of value-added heavy construction materials to more markets.

Since 2020, Cemex has focused on rebalancing its portfolio towards the United States, increasing its percentage contribution to EBITDA from 24% to 29%. The company seeks to increase this percentage to 40% in the medium term, increasing strategic growth investments and reinvesting resources obtained from divestments in the region.

About Cemex

Cemex is a global building materials company dedicated to building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through constant innovation and leadership in research and development within the industry. Cemex is at the forefront of the circular economy within the construction value chain and promotes innovative processes with the use of advanced technologies to increase the use of waste and waste as raw materials and alternative fuels in its operations. Cemex offers cement, ready-mix concrete, aggregates, and urban solutions in fast-growing markets around the world, driven by a multinational workforce focused on delivering a superior customer experience, enabled by digital technologies. For more information, please visit www.cemex.com

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