Cemex Ventures teams up with TEFKEN Ventures in construction

Cemex Ventures Corporate Capital Unit has signed a collaboration agreement with TEFKEN Ventures, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing and real estate sectors. The businesses will develop synergies between them to innovate the construction industry.

The two investment funds will work to invest in new technologies and innovative solutions to drive the revolution of the construction industry on a global basis. Agendas and events will be coordinated.

Gonzalo Galindo, Cemex Ventures' CEO, said: "This type of alliance between two industries that fit together, as well as the construction and real estate industries, are key to finding new successful business models, TEFKEN Ventures also has a complete vision of the entire value chain and is a good partner to drive the construction revolution."