Cemex Aggregates signs new lease agreement

Cemex Aggregates has signed a new 10 year-lease for an 8.2 acre marine terminal with the Port of Redwood City in South San Francisco Bay, USA, with an option to extend the lease for another decade.

Cemex Aggregates imports building materials from Canada, including sand and aggregated, used in Silicon Valley and Redwood City construction projects. Over the past three years Cemex has imported nearly 4Mt of building materials. Cemex also has the capability to use port docks for cement import through ship unloaders.

“The high quality of the sand and gravel aggregates from British Columbia combined with the dwindling supply of these materials in Northern California because quarries are unable to expand have triggered and sustained a strong demand that the Port benefitted from,” said Mr Giari.

One of the terms of the new lease is for Cemex Aggregates to relocate a new and/or upgraded
hopper and enclosed conveyor system to the port’s new Wharves 1 & 2 by 30 June 2018.