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Ponce Cement
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.〔(''Facility Detail Report: Puerto Rico Cement Inc. (Ponce PR)'' Facility Registry System. US Environmental Protection Agency. ) Retrieved November 27, 2009.〕 It was founded in 1941〔(''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.〕 by Antonio Ferre Bacallao, a Puerto Rican industrialist of Cuban origin.〔(''History.'' ) Retrieved November 27, 2009.〕 In 1963, the company became the first Puerto Rican company to go public and be listed in the New York Stock Exchange.〔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.〕
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.〔(''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.〕 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.〔(''Cemex acquires Puerto Rican Cement.'' July 1, 2002. ) Retrieved November 27, 2009.〕 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''.〔(CEMEX, Puerto Rico. ) Retrieved November 27, 2009.〕 The new owners did keep the ''Cemento Ponce'' product label.〔(''Cemento Ponce.'' CEMEX. ) Retrieved November 27, 2009.〕
==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.〔(''Puerto Rico Minerals Map 1999.'' PR Dept of Natural Resources, and USGS. 1999. ) Retrieved November 27, 2009.〕 After founding the Puerto Rico Iron Works, and the El Dia newspaper, Empresas Ferre entered the construction business with Ponce Cement, Inc., and subsequently with Puerto Rican Cement, Inc.〔(''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. October 30, 2003 ) Retrieved November 27, 2009.〕〔(Carola Borja, Diana Dimitrova, Catherine Izard, and Rita Lohani. ''The Cement and Concrete Industry in Puerto Rico: An Industry Overview and Analysis.'' Yale School of Forestry and Environmental Studies: Applying Industrial Ecology Tools to Island Economies. (Course: Industrial Ecology, FES 501. Spring 2006 Group Project.) May 9, 2006. )〕
Over the 1940s, the company enlarged and Luis A. Ferre 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.〔
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