Editorial

Our feature on page 20 outlines the battle taking place out West between Sierra Club California and California’s cement producers.
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Cement Newsline

Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in February 2019 were 5.7 million metric tons (Mt), a slight decrease from shipments in February 2018, according to the most recent USGS Mineral Industry Survey. Shipments for the year through...
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Features

Ultracem of Colombia Anticipated a Need for Doubling Capacity and the Gamble Paid Off. By Mark S. Kuhar
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Latest Digital Edition

Cement Scope

Cemex USA’s Clinchfield, Ga., plant recently earned ISO 14001:2015 Certification for its environmental management system (EMS), making the plant the...
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Cement Products

When a global cement company was experiencing a high-pressure drop across the clinker cooler baghouse as well as ineffective cooling in the clinker cooler heat exchanger at one of its North American plants, it reached out to Scheuch for help. The customer was familiar with Scheuch EMC technology,...
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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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