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June 27, 2005
Cement Silliness
The Austin Business Journal reports that the possible effect of the cement shortage on building activity both in the Austin area and in Texas, may lead to "major economic disruptions." Texas is one of ten states which have experienced "cement rationing, construction delays, and possible layoffs."
Just a reminder: the U.S. still maintains "anti-dumping" duties on Mexican cement, originally imposed by the Bush "41" administration in 1990. Moreover, these duties were not lifted even during the crush of rebuilding activity which occurred after the Florida hurricanes last year.
According to the Portland Cement Association, an industry trade group, 81% of the cement capacity in the United States is owned by foreign companies. The largest cement producer in this country is Lafarge North America, a subsidiary of the French company Lafarge SA.
If anyone can make any sense of this, please let me know.
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