Cement News tagged under: Plant Closure

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Shui On Cement to be compensated for plant closure

23 July 2019, Published under Cement News

Hong Kong-based Socam Development said the Kaili government in Guizhou, China, is expected to compensate its subsidiary Shui On Cement with CNY171m (US$24.85m). The funds are to reimburse the costs and expenses related to the closure of its plant, which resulted from the central government's policy of phasing out of backward and energy-inefficient capacity, according to The Standard. The cement plant site will be redesignated for commercial and residential purposes. The Kaili government p...

China to reduce cement capacity by 70Mta

08 July 2019, Published under Cement News

The China Building Materials Federation has revealed it plans to reduce cement capacity by 70Mta this year as it intends to reduce air pollution and consolidate the industry to optimise efficiency, according to Yicai Global. The top 50 cement companies in the country are expected to shut down any production lines that produce less than 2000tpd and upgrade those with outdated technology to achieve this goal. Larger production lines in China typically produce 5000-7000tpd. One key area is th...

Loma Negra to close clinker production at Barker plant

14 June 2019, Published under Cement News

Argentina's Loma Negra has announced that it will stop clinker production at its facility in Barker, Buenos Aires. The news follows a month of negotiations with the Ministry of Labor and previously confirmed job losses . As of Thursday, 13 June the plant will operate a single shift with 24 employees, while the procedures for a final closure will begin simultaneously. Loma Negra’s parent company, Carmargo Correa, has explained that the plant was obsolete, according to Perfil. However, t...

Nesher Cement considering Haifa closure

03 May 2019, Published under Cement News

Israeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected to continue to be challenged by large-scale cheap cement imports from Turkey. Imported cement acc...

Anhui Conch

24 April 2019, Published under Cement News

Anhui Conch’s impressive 88 per cent YoY leap in profits last year is being attributed to China’s crackdown on polluting industries, including steel, coal and cement. The crackdown resulted in a reduced supply of cement in the country, boosting the price of the commodity by around 22 per cent to an average of CNY427/t (US$63.56/t). Despite the squeeze on supply, investment in construction remained stable, expanding by 9.5 per cent in 2018, according to Caixin Global. The Chinese cement se...

Har Tuv Cement plant to face closure?

18 January 2019, Published under Cement News

Har Tuv Cement Ltd is reported to face the closure of its cement plant near Beit Shemesh, Israel. Reduced exports and an increase in competition in the local market due to Turkish and Greek cement imports were quoted by Israel Valley by as the main reasons for the challenges faced by the cement works. Har Tuv Cement Ltd operates a 1Mta integrated cement works. Until 2015 it was owned by market leader Nesher Israel Cement Enterprises, but the Director of the Antitrust Authority, Prof Davi...

No reprieve for National Cement Company

14 December 2018, Published under Cement News

Hisham Tawfik, Egypt's Minister of Public Business Sector, confirmed that the state-run National Cement Company (NCC) of Egypt will be shut down. NCC had closed after the public business sector ministry confirmed the difficulty of reforming the company's financial condition as it required investments of EGP1.5bn (US$873.5m). The cement producer's workers have been compensated with 180 per cent of their legal rights, added Mr Tawfik.

Cemex Spain to close Gádor plant

17 October 2018, Published under Cement News

Cemex Spain has announced the closure of its Gádor cement plant, which has been in operation since 1977. The closure of the cement works, announced via an employment regulation fire (ERE) to the works committees at the plant, will see the employment of 100 permanent and 200 temporary workers. The step follows the earlier statement that the company will also end operations at the Lloseta facility in the Balearic Islands. Cemex has said that the restructuring is a result of the current sl...

New dry port to repurpose Himal Cement land

22 August 2018, Published under Cement News

Part of the land formerly occupied by the now closed Himal Cement plant in Nepal has been purchased as part of a new government development to build a dry port in Chobhar. A government agency called the Nepal Intermodal Transport Development Board (NITDB) has awarded contracts for the new US$22m development that will be completed by the end of January 2020. The government acquired 53ha of land belonging to the closed Himal Cement and 10ha of unoccupied land for the project. The develop...

Cruz Azul partially closes Tula plant

07 February 2018, Published under Cement News

Cruz Azul is partially closing its Tula plant in Hidalgo, Mexico, as it lacks current environmental authorisation for the operation of its plant. Staff of the Federal Procuracy for Environmental Protection (Profepa) carried out an inspection of the plant and when verifying documents, it was found that the plant did not have a current authorisation of the Environmental and Natural Resources Secretariat (Semarnat). As a precautionary measure the construction and operation of Raw Mill No...