Displaying items by tag: GCW342

US: The Portland Cement Association (PCA) has supported an infrastructure study by the American Council for Capital Formation (ACCF). It liked how the study highlighted the importance of life cycle cost analysis and competition in paving. “If federal and state decision makers took this report as a playbook, America would see tremendous taxpayer cost savings and stronger infrastructure built to last long into the future,” said PCA President and chief executive officer (CEO) Michael Ireland.

Mozambique: President Filipe Nyusi has inaugurated Limak Cement’s 0.7Mt/yr plant in Matola. Nyusi said he expected the plant to ‘contribute to stabilising prices in a scenario of high levels of demand for cement,’ according to the Mozambique News Agency. The unit will employ over 140 people.

Saudi Arabia: Najran Cement made a loss of US$5.8m in 2017 from a net profit of US$33.5m in 2016. It blamed the loss on lower prices, reduced sales volumes due to lower demand for cement and greater competition and higher production costs. Its sales revenue fell by 39% year-on-year to US$115m from US$189m.