Old Cement Manufacturing Plants Expendable in Down Market
Posted on March 08, 2012 at 04:31 AM EST
SUGAR LAND--March 8, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--"Another one bites the dust," so the song goes, and unfortunately that's what happened to a 100-year-old cement manufacturing plant in Fredonia, Kansas, which closed its doors this month. The plant's owner, Lafarge North America, a subsidiary of Lafarge SA (PINK:LFRGY) (Paris, France) announced the closure last year. The combination of a prolonged period of poor cement demand and mandated environmental retrofits have combined to shut down about 15 cement manufacturing plants in North America since 2009.