CEMEX strengthens footprint in key metropolitan areas in Spain

CEMEX strengthens footprint in key metropolitan areas in Spain

October 04, 2021
CEMEX announced today that, as part of its growth strategy, it signed an agreement to expand its presence in the regions of Madrid and the Balearic Islands. This investment is accretive and is part of the company's strategy to enhance its vertically integrated positions in high-growth urban centers worldwide.

The assets to be acquired by CEMEX from HeidelbergCement include a limestone quarry with a waste management operation strategically positioned to serve the Madrid metropolitan area and 3 concrete plants that will enhance its vertical integration in the Balearic Islands.

"This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and sustainable offering in the high-growth regions of Madrid and the Balearics Islands," said Sergio Menendez, President of CEMEX Europe, Middle East, Africa & Asia. "This is another example of the efforts that we are taking to optimize our portfolio and foster EBITDA growth by investing in accretive, bolt-on acquisitions."

Subject to customary closing conditions, CEMEX currently expects to finalize this transaction during the first half of 2022.


About CEMEX 

CEMEX is a global building materials company that cares about a better future for future generations through sustainable products and solutions. Through continuous innovation and extensive research and development, the company strives to achieve climate neutrality. CEMEX is a leader in the closed-loop economy in the construction sector, and through the implementation of new technologies, it is also a pioneer in the use of alternative fuels and secondary raw materials in production processes. CEMEX offers cement, ready-mixed concrete, aggregates and urbanization solutions in growing markets around the world, and its international team provides high quality services to customers using digital technologies.  

For media enquiries contact Sarah Murphy: sarah.murphy@cemex.com or call 07557 319972