Cemex SAB is exploring a sale of its Dominican Republic business as it focuses on bigger markets, Bloomberg News reported.

Cemex started operating in the Dominican Republic in 1995. It has an annual production capacity of 2.6 million tons in the Caribbean nation, where it employs 1,500 people. The Mexican building materials producer is working with JPMorgan on a potential divestment of the unit, which could fetch more than $1 billion, according to Bloomberg.