Building materials company CEMEX has renewed its lease and commercial agreement with the Port of Newport, which is owned and operated by Associated British Ports (ABP).
The six-year lease and commercial agreement cover a 2.9-acre site, comprising land and buildings at Newport’s South Dock, where CEMEX operates a silo storage facility for cement and construction materials.
“We are very pleased to have renewed our lease with ABP,” said David Hart, supply chain director, UK and France, CEMEX. “Our cement terminal at the Port of Newport is an important part of our UK supply chain, receiving key raw materials for producing concrete. It is ideally located to allow us to safely and efficiently serve our customers with the products they need, which are then used to support our essential construction industry.”
ABP pointed to the Port of Newport’s role as the leading general cargo port in Wales, supporting 4,100 jobs nationally and annually contributing around £275M to the UK economy, handling some £1B worth of trade per annum.
“CEMEX has been a long-standing customer of ABP and we’re delighted that this new arrangement will allow our partnership in Newport to continue,” said Simon Brown, ABP’s divisional port manager for Wales and South West.
“Each year, we see more than 40,000t of CEMEX products pass through the port in support of the UK construction industry with volumes likely to increase in future.”
With nearby links to the M4 motorway and direct rail connections, the port is well situated to service the UK’s main industrial and commercial regions.