Bulgarian cement maker Vulkan Cement said it will temporarily shut down its kilns starting in the beginning of 2012 over flagging demand and cement imports from neighbouring countries that are flooding the market.
The move is prompted by a continuous drop observed in the cement market during the last three years, affected also by massive cement import flows from neighboring countries, the company said in a statement last week.
Vulkan Cement also cited Bulgaria’s obligations as an EU member state stemming from CO2 emissions regulations as well as from REACH, the European Community Regulation on chemicals and their safe use, as key factors that directly affect cement production costs and said that the temporary work stoppage would allow the company to cope with this moment of economic downturn and properly secure chances of a solid recovery.
The Vulkan Cement plant will continue operating as a grinding center, while receiving clinker from its sister plant Devnya Cement.
Both Vulkan Cement, based in Dimitrovgrad, and Devnya Cement are part of Italy’s Italcimenti Group.