Lehigh Cement Co. announced that its 50-percent-owned subsidiary, Texas Lehigh Cement Co. LP (Texas Lehigh), has made an investment in Houston Cement Co. LP, which owns two Portland cement import terminals located along the Houston ship channel. Houston Cement Co. is expected to have an annual throughput capacity of as much as 3Mt.
As a result of this investment, Texas Lehigh owns a minority interest in Houston Cement Co., with Ash Grove Texas and Alamo Cement Co. II Ltd. owning the remaining interests. Sales from the terminals will be managed independently by Ash Grove, Alamo and Texas Lehigh to their respective customers.
Lehigh owns a 50 percent interest in Texas Lehigh, with Eagle Materials Inc. of Dallas owning the other 50 percent.