Displaying items by tag: Premier Holdings
US: Cemex USA has entered into a joint venture for the production and distribution of aggregates in the Mid-South region with Couch Aggregates and Premier Holdings. Cemex USA has a pre-existing strategic partnership with Couch Aggregates. The group says that the vertical integration of this, along with Premier Holdings’ Gulf Coast marine terminals, will accelerate its regional growth. Cemex aims to raise the total US contribution to its earnings before interest, taxation, depreciation and amortisation (EBITDA) from 29% to 40% in the ‘medium-term’ future.
President Jaime Muguiro said "This joint venture will create significant opportunities for both parties by utilising vertical integration and leveraging each other's capabilities for growth. We remain committed to increasing our capacity to serve the US market with more sustainable and innovative solutions."
Cemex USA’s Mid-South region covers 27 ready-mix concrete plants in Alabama, 24 in Georgia, 11 in Tennessee and one in Virginia, and aggregates sites in Alabama, Georgia and South Carolina.
