CEMEX’s corporate venture capital unit, CEMEX Ventures, has announced a collaboration agreement with NEINOR Homes, a leading real estate developer in Spain. Both companies have agreed to establish mutual synergies, with the aim of improving the construction and real estate development industries.
With this agreement, both companies are committed to sharing their areas of expertise and fostering innovation in their industries. It is hoped that both companies will gain greater coverage across the construction industry’s value chain, as well as expanding the scope of services in sectors in which the other party is a leader.
CEMEX Ventures and NEINOR Homes will facilitate the search for and implementation of innovative ideas and solutions, through giving visibility to startups that could be of interest to the other party. By strengthening the exchange of new business models, entrepreneurs will have a greater number of investors to support their solution.
It is hoped that the agreement will strengthen each company’s relationship to the construction ecosystem, as well as the entrepreneurship, innovation, and new technologies sectors. The agreement will be renewable in one year and invites both companies to continue to foster revolution in the industry.
“To digitalise the industry, one must work with the main players of the construction ecosystem,” said Gonzalo Galindo, CEO of CEMEX Ventures. It is hoped that this will enable the construction of a community of experts, comprised of leading companies in the construction industry. Furthermore, the two companies will share agendas and events organised by the other party, participating in these events as well as planning events together.
“This agreement with CEMEX Ventures is a natural step for two companies that share a DNA of innovation, transformation, and constant improvement of the sector,” said Juan Velayos, Managing Director of NEINOR Homes. “CEMEX Ventures’ vision, more orientated towards building materials and construction, together with our developer focus, will allow us to continue focusing on a collaborative, cohesive, and transparent vision of all the real estate development chain, because we are convinced that this teamwork will be the true engine of the sector transformation.”
CEMEX Ventures was launched in 2017 to leverage CEMEX’s knowledge of the business with new, leading-edge technologies and platforms, focusing on solving the main challenges in the construction ecosystem through sustainable solutions.
NEINOR Homes is a leader of real estate development in Spain.
Read the article online at: https://www.worldcement.com/the-americas/12112018/cemex-ventures-signs-collaboration-agreement-with-neinor-homes/