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Ponce Cement

Cement and limestone manufacturer in Ponce, Puerto Rico

Field	Value
name	Ponce Cement, Inc.
logo	File:Logo de Ponce Cement (Cemento Ponce).jpg
type	Private
foundation	Ponce, Puerto Rico (1941)
location	Ponce, Puerto Rico
key_people	Antonio Ferré Bacallao, Luis A. Ferré, José A. Ferré
industry	Construction
products	Cement, lime
revenue	$180 Million
num_employees	490+
homepage	Website

Ponce Cement, Inc. was a cement and limestone manufacturer in Ponce, Puerto Rico. The company was located at the intersection of PR-123 and PR-500, in Barrio Magueyes. It was founded in 1941 by Antonio Ferré Bacallao, a Puerto Rican industrialist of Cuban origin. In 1963, the company became the first Puerto Rican company to go public and be listed in the New York Stock Exchange.

Ponce Cement was part of the Empresas Ferré enterprise from 1941 to 2002. In 1950, Empresas Ferré purchased another cement enterprise, the Puerto Rico Cement Company, then owned by the Government of Puerto Rico. In 2002, Ponce Cement, Inc., was sold to Cemex, a Mexican business concern that is both the world's largest building materials supplier and the third largest cement producer, of which Ponce Cement is now a subsidiary. The plant continues to operate at the same location, and continues to sell its products to the Puerto Rico market, but with the change in ownership, the company is no longer named Ponce Cement, Inc.; it is now Cemex, Puerto Rico. The new owners did keep the Cemento Ponce product label.

History

The municipality of Ponce was the perfect place to establish a cement plant, as the type of soil needed for cement production is abundant in the region. After founding the Puerto Rico Iron Works, and the El Dia newspaper, Empresas Ferré entered the construction business with Ponce Cement, Inc., and subsequently with Puerto Rican Cement, Inc.

Over the 1940s, the company enlarged and Luis A. Ferré became its chief engineer. By 1960, the company had become the leading cement supplier on the island, much of it the result of increasing new highway and housing construction projects spreading throughout the Island.

Approvals

On February 23, 1989, the Ponce Cement plant received approval for conversion from a wet to a dry manufacturing process, which allowed it to almost double its output. As of year 2000, cement was Puerto Rico's leading nonfuel mineral commodity.

References

[http://www.fundinguniverse.com/company-histories/CEMEX-SA-de-CV-Company-History.html CEMEX S.A. de C.V. Company Profile.]
(May 2020)
[https://archive.today/20120712001127/http://oaspub.epa.gov/enviro/fii_query_dtl.disp_program_facility?p_registry_id=110007806990 ''Facility Detail Report: Puerto Rico Cement Inc. (Ponce PR)'' Facility Registry System. US Environmental Protection Agency.] Retrieved 27 November 2009.
[https://web.archive.org/web/20131202233010/http://www.nps.gov/history/nr/feature/places/pdfs/13000638.pdf ''National Register of Historic Places Registration Form: Edificio Empresas Ferre, a.k.a., Centros Isolina Ferre.''] Juan Llanes Santos, Historian. Puerto Rico State Historic Preservation Office. 19 June 2013. San Juan, Puerto Rico. National Register of Historic Places. ID # 13000638. Page 8. Retrieved 27 November 2013.
[http://welcome.topuertorico.org/history5.shtml ''History.''] Retrieved 27 November 2009.
Guillermo A. Baralt. ''La Historia de El Nuevo Dia (1909-2000): "Al servicio de mi tierra".'' Page 569. Fundación El Nuevo Dia. San Juan, Puerto Rico. 2002. {{ISBN. 1-881720-82-9.
[https://web.archive.org/web/20131202233010/http://www.nps.gov/history/nr/feature/places/pdfs/13000638.pdf ''National Register of Historic Places Registration Form: Edificio Empresas Ferre, a.k.a., Centros Isolina Ferre.''] Juan Llanes Santos, Historian. Puerto Rico State Historic Preservation Office. 19 June 2013. San Juan, Puerto Rico. National Register of Historic Places. ID # 13000638. Page 7. Retrieved 27 November 2013.
[http://cementamericas.com/mag/cement_cemex_acquires_puerto/ ''Cemex acquires Puerto Rican Cement.'' 1 July 2002.] {{Webarchive. link. (11 March 2006 Retrieved 27 November 2009.)
[http://www.cemexpuertorico.com/index.asp CEMEX, Puerto Rico.] Retrieved 27 November 2009.
[http://www.cemexpuertorico.com/ce/ce_pr_cp.html ''Cemento Ponce.'' CEMEX.] Retrieved 27 November 2009.
Mariano Vidal Armstrong. ''Ponce: Notas para su Historia.'' San Juan, Puerto Rico. Segunda Edición. 1986. p. 88.
[https://www.gifex.com/puerto_rico_maps/Puerto_Rico_Minerals_Map_2.htm ''Puerto Rico Minerals Map 1999.'' PR Dept of Natural Resources, and USGS. 1999.] Retrieved 27 November 2009.
[http://www.puertorico-herald.org/issues/2003/vol7n44/CBPRGrieves-en.html ''Caribbean Business: Puerto Rico Grieves Over The Loss Of Its Premier Statesman Four Months Short Of His 100th Birthday, Luis A. Ferre Aguayo (1904-2003).'' By Marialba Martinez. Puerto Rico Herald. 30 October 2003] Retrieved 27 November 2009.
(May 2020)
[http://www.highbeam.com/doc/1G1-7347373.html ''Puerto Rican Cement Company receives final approval for plant conversion.'' 23 February 1989.]{{dead link. (February 2019)
"The Mineral Industry of Puerto Rico and the Administered Islands". U.S. Geological Survey.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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