Port Tampa Bay has approved an up to 40-year lease agreement on seven acres of land for Sesco Cement at its Port Redwing site in Gibsonton, Florida. The estimated US$19m investment will see the company use Berth 302 for the ship and rail terminal handling of white cement.

"We're really looking at this to be our east coast hub for our business going forward," said Alim Adatia, a Houston-based representative of the company. "We want to be a known entity, and we hope to be here for a long time."

Construction of the project is expected to take 18 months. In addition, the company is currently building another terminal at the Port of Houston.