europe their investment ,” he said .
“ The UK aggregates industry is essential to the economy and our way of life . Our products are what builds roads , houses , schools and hospitals and are essential in the construction of generating facilities for energy and management of water . We need to have a sustainable aggregates industry to safeguard this valuable resource for future generations .”
CEMEX spends millions of pounds on all manner of things such as £ 10m on archaeology unearthing important historical artefacts and £ 150,000 on protecting a newt colony . Planning fees alone were £ 1.5million last year just to maintain their current reserves . The cost of restoration is frightening on an annual basis .
Russell explained CEMEX ’ s strategy to become more profitable : “ We have analysed every one of our quarries in the UK and we know where our prices need to be to achieve our full cost recovery ,” he said . “ We have a price roadmap in place setting out where we need to be and how we will get there .
“ The geology of the UK dictates that not all areas or quarries are the same , but generally we are under valuing our product by around 30 percent . I have been in this industry for nearly 30 years and I feel responsible , but I am fully committed in the coming years to supporting our customers , ensuring their competitiveness , and ultimately achieving prices which will allow us to sustain and grow our business .”
Company Information
Industry
Construction
headquarters
United Kingdom
founded
1906
employees
3,000 ( UK )
revenue
£ 775 million sales
products / services
Aggregates , Cement , Concrete , Mortar products , Asphalt , Landscaping products , Rail products , Masonry products , Admixtures
www . cemex . co . uk 93