Cemex divests its operations in Panama and expands its US aggregates business

Cemex also announced that it has increased its holdings to a majority stake in Couch Aggregates, a leading player in the aggregate materials industry across the southeastern US, expanding on a joint venture originally announced in July 2024. Cemex believes that, in the short term, this investment will offset the loss of EBITDA from the sale of its operations in Panama. A small part of the proceeds from the divestiture of Panama are being allocated to this transaction.

“These transactions are important building blocks in our strategy to rebalance our portfolio and continue investing in growth in priority markets, particularly aggregates in the US,” said Jaime Muguiro, CEO of Cemex.

Grupo ESTRELLA, a Dominican privately owned industrial conglomerate, is acquiring the divested assets in Panama, that mainly consist of one cement plant in Calzada Larga, Chilibre, which, as of December 31, 2024, had an installed cement capacity of around 1.2 million metric tpyr. The divested assets also include related cement, ready-mix concrete, aggregates assets, and rights to acquire additional reserves for Panama's operations. Cemex will retain its admixtures business in Panama.

Couch serves diverse markets with sand, gravel, and crushed stone, operating 7 sand & gravel pits and 5 marine terminals.

Cemex’s portfolio rebalancing strategy is part of its broader commitment to providing the highest possible returns to its shareholders by being the best partner to its customers, having a laser-like focus on operational efficiency, and following a disciplined capital allocation strategy.

Read the article online at: https://www.worldcement.com/the-americas/07102025/cemex-divests-its-operations-in-panama-and-expands-its-us-aggregates-business/