[3] It was founded in 1941[4] by Antonio Ferré Bacallao, a Puerto Rican industrialist of Cuban origin.

[8] 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.

[11][12] 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.[13][14] Over the 1940s, the company enlarged and Luis A. Ferré became its chief engineer.

[13] 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.

[15] As of year 2000, cement was Puerto Rico's leading nonfuel mineral commodity.