After the mainland government announced to budget four trillion renminbi (US$585.65 billion) to expand domestic demand, said Taiwan Cement, Guangdong province has announced to invest 2.37 trillion renminbi (US$346.99 billion) in 10-major construction works in five years beginning in 2009, which will generate demand for 237 million metric tons of cement. Asia Cement Corporation currently generates some 30% of its sales from mainland’s public works. Despite the booming public-works market in China, Universal Cement Corporation said it would rather focus on the high-margin plant/office constructions in China .
Armed groups force closure of Libyan cement plants
Several state-owned cement plants in Libya have reportedly been forced to close, along with t he...