By Reuters Staff
1 Min Read
FILE PHOTO: Workers are seen at a concrete plant of Mexican cement maker CEMEX in Monterrey, Mexico January 25, 2020. Picture taken January 25, 2020. REUTERS/Daniel Becerril
MEXICO CITY (Reuters) - Mexican cement producer Cemex said on Tuesday it had acquired a concrete business in San Antonio, Texas, as it looks to expand in the United States.
The acquisition of Beck Readymix Concrete Co. LTD includes three ready-mix concrete plants and one portable plant, the company said in a news release.
Cemex did not give the value of the acquisition.
“Cemex is proactively looking for opportunities to grow our operations in the U.S. and adapting to meet the needs of our customers,” said Jaime Muguiro, president of Cemex USA.
Cemex announces plan to address US cement shortage 03 February 2021
Cemex has announced plans to optimise its supply chain to address cement shortages experienced throughout the western US. The project will leverage the company’s supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona and Nevada, according to a press release.
The plans involve investing approximately US$15m to recommission a kiln with a production capacity of about 1Mta at the CPN cement plant in Hermosillo, Sonora, Mexico. This investment should create more than 130 jobs in Mexico. Many cement customers in California, Arizona and Nevada have been impacted by supply constraints this past year, said Joel Galassini, executive vice president cement commercial, Cemex USA. The decision to recommission this kiln was made with our customers top of mind, to give them reliable access through a local supply chain to help meet their growing needs.