Eagle Materials Inc., Dallas, has announced that its 50-percent owned subsidiary Texas Lehigh Cement Co. LP has made an investment in Houston Cement Co. LP, which owns two Portland cement import terminals located along the Houston Ship Channel near Houston.
Houston Cement Co. is expected to have an annual throughput capacity of as much as 3 million metric tons, according to a news release from Eagle Materials.
As a result of this agreement, Texas Lehigh owns a minority interest in Houston Cement, with Ash Grove Texas and Alamo Cement Co. II Ltd. owning the remaining interests. Sales from the terminals will be managed independently from Ash Grove, Alamo and Texas Lehigh to their respective customers. Eagle owns a 50-percent interest in Texas Lehigh, with Lehigh Cement Co. of Allentown, Pa., a member of the Heidelberg Cement Group owning the other half.