Cement Newsline

The Monarch Cement Co., a Kansas-based cement producer, reported $28.2 million in total net sales from its cement business for the second quarter of 2017, compared to $26.9 million in the prior-year period.
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PCA Energy and Environment Awards

The Roanoke Cement Co. Troutville cement plant in Troutville, Va., received the Overall Environmental Excellence Award from the Portland Cement Association (PCA) and Cement Americas magazine as part of the 2014 Cement Industry Energy and Environment...

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Cement Shoptalk

Established in 1999 and located in the port of Antwerp, Belgium, Diamur is a producer of cement mortars. With a capacity of about 700,000 metric tpy, the plant produces products in bulk silos and 25-kg bags. It has become a leading producer by developing a reputation for quality and user-friendly...
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Holcim Receives Overdue Payment from Venezuela

Venezuela paid Holcim Ltd. the final installment of a total $650 million agreed compensation for seizing the Swiss company’s cement plants in 2008, reported Bloomberg. The $97.5 million was due almost three months ago.

 

Former Venezuela President Hugo Chavez nationalized Venezuela’s cement industry in 2008 citing failures to sufficiently supply the local market. He also seized assets from Cemex SAB and Lafarge SA.

Investors have become increasingly concerned that Venezuela is running out of cash to pay its debt as its foreign reserves fall and its economy heads for its biggest contraction since 2009, according to data from the International Monetary Fund. Venezuela, which imports three-quarters of the goods it consumes, has seen export revenue slump as oil prices tumble.

The country ranks among the biggest losers from the recent decision by the Organization of Petroleum Exporting Countries to let the force of the market determine the price of oil, noted Bloomberg.

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2017 Cement Directory

NACD
 

Completely updated, the new 2017 North American Cement Directory. Currently available for ordering exclusively from Cement Americas. Order Now