CEMEX USA Finalizes Sale of Its Davenport, CA Redwood Forest Property to the Living Landscape Initiative

CEMEX USA recently finalized the $30 million sale of its approximately 8,500-acre Redwood Forest property near the CEMEX Davenport cement plant to a consortium of local land trusts. The land trusts comprise the Living Landscape Initiative, a major conservation project in the Silicon Valley area. The deal follows the plant’s closure in January 2010 and guarantees the continued protection of the property’s significant expanse of redwood trees and wildlife habitat in the Santa Cruz Mountains.

"Sustainability is integrated into our day-to-day operations and decision-making processes worldwide, and CEMEX is proud of our longstanding commitment to biodiversity and wilderness protection,” said Karl Watson, Jr., President of CEMEX USA. "CEMEX is very pleased to have the opportunity to work with conservation groups in the Bay Area so they may continue responsible environmental stewardship of this unique ecosystem.”

The decision to partner with the Living Landscape Initiative, a collaborative project working towards the conservation and protection of 80,000 acres of land in and around the Silicon Valley over the next 20 years, was made in October of this year. CEMEX USA continues to explore and evaluate options for its remaining properties, which include the cement plant property and Boony Doon Quarry.

CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. Its U.S. network includes 13 cement plants, 46 strategically located distribution terminals, 108 aggregate quarries and more than 440 ready-mix concrete plants. CEMEX USA was named the EPA Energy Star Partner of the Year for 2009 and 2010. For more information, visit www.cemexusa.com.