Vulcan Materials Company (NYSE:VMC), the nation's largest producer of construction aggregates, today provided an update with respect to its North American Free Trade Agreement (NAFTA) arbitration against Mexico originally filed in 2018.

As previously disclosed, Vulcan Materials Company ("Vulcan" or the "Company") has been engaged in a NAFTA arbitration against Mexico over Mexico's repudiation of an agreement to unlock a portion of Vulcan's aggregates reserves in Mexico and the arbitrary shutdown of the Company's quarrying operations in that country. 

Today, the NAFTA tribunal (the "Tribunal") issued its decision (the "Decision") in the arbitration. In the Decision, the Tribunal found that Mexico violated NAFTA in several respects. However, the Tribunal's award of monetary damages to Vulcan for Mexico's violations was negligible. In accordance with applicable rules, the Decision will remain confidential until publicly available.