Cemex announced on July 15th 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.
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