Profitability

Profitability

Completion of Divestment of Certain UK Assets to Breedon

Earlier this year CEMEX announced the sale of certain UK assets to Breedon Group and we can confirm that ownership of these sites transferred to Breedon on 31st July 2020. At the same time 606 CEMEX employees also transferred to Breedon and we wish them all the very best for the future.

This follows months of careful planning to ensure a smooth transition in accordance with all legal and competition requirements, during which UK employees continued to deliver high quality products and services for our valued customers. Thank you to everyone for their commitment to the business during this time, despite the additional challenges presented by the Coronavirus pandemic.

The CEMEX UK portfolio now has 138 ready-mix plants, 1 cement plant, a cement grinding mill and cement import terminal, 22 active aggregate quarries, 7 depots, 11 aggregate wharves and a fleet of marine dredgers, 15 asphalt plants, five building products operations, 4 dry silo mortar plants, a paving solutions business, national technical centre and an admixtures operation.

As shown on map and graphic that can be found at the end of this document or downloaded here, CEMEX retains a considerable presence in Scotland, Wales, the North East and the South West. CEMEX remains committed to evolving the UK and European business by investing in growing our target markets particularly in metropolitan areas, moving closer to our customers and above all keeping everyone safe and healthy.

Whilst we review our organisational structure post divestment, interim arrangements have been put in place for those parts of the CEMEX business where we now have some management gaps. We anticipate that we will be able to provide more information about our organisational structure mid-September, but in the meantime these interim arrangements are as follows:

Scotland Materials – Alan Caird

North East Materials – Garry Webster

East Anglia assets have been moved to Midlands and Home Counties Materials

South West Materials – Rob Sims

UK Paving – James Playford

If you have any further questions or concerns, please speak to your Line Manager.