CEMEX Puerto Rico renewed its leasing contract at Port of San Juan’s Pier 16 for another 20 years, according to Puerto Rico Ports Authority Executive Director Joel Pizá Batiz.
“The renewal of the contract to extend operations responds to the government’s vision to promote and implement recovery efforts efficiently and effectively, capitalizing on opportunities to rebuild a better and more resilient country. CEMEX is a multinational company that is among the main cement producers in the world,” said Pizá Batiz.
He noted that according to statistics from the Puerto Rico Economic Development Bank, demand for cement in the country in 2020 was approximately 590,000 tons. CEMEX’s presence on four continents and in more than 100 countries has a multiplier effect in Puerto Rico due to the generation of direct and indirect jobs through the contracting of services to more than 150 local providers, explained Pizá Batiz.
CEMEX’s investment in Puerto Rico exceeds $400 million and its activities injected $20 million into the local economy in 2020.
