Cement Newsline

LafargeHolcim opened its 1,000th Disensa retail store this past December in Alajuela, Costa Rica. The store is a family-run business with a portfolio of extensive construction materials primarily targeted at masons and self-builders.
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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 Scope

The World Cement Association (WCA) announced that China National Building Materials Group, the largest cement producer in the world, and Saudi...
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Cement Products

Cemex is transforming the global building materials industry with the launch of Cemex Go, a first-of-its-kind, fully digital customer integration platform.
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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.

2018 Cement Directory

NACD

Updated, the new 2018 North American Cement Directory.


Available January, 2018 for ordering exclusively from Cement Americas. Order Now for Delivery in January, 2018

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