Cement News tagged under: COVID-19
Russia on the rebound?05 April 2021, Published under Cement NewsAfter returning to growth in 2019, Russian cement consumption stalled in 2020 due to the impact of the COVID-19 pandemic. Construction output stagnated during the year, but government programmes are expected to stimulate recovery and help cement consumption growth rebound, thus paving the way for cautious optimism in 2021. By Alexey Semenov, GS-Expert, Russia. Support measures announced by the Russian government have become stimuli for the domestic economy, construction industry an... |
A change in direction for Taiwanese cement producers01 April 2021, Published under Cement NewsTaiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48Mt in 2019 to 10.07Mt in 2020, a rise of 6.2 per cent, according to data released by the Taiwan Cement Manufacturers' Association. Cement consumption previously exceeded 10Mt in 2015, when it peaked at 10.6Mt. It fell to 8.88Mt in 2017 before recovering to its current level, and in 2021 it is forecast to reach 10.36Mt,... |
Buzzi Unicem outlook for 202130 March 2021, Published under Cement NewsBuzzi Unicem's Board of Directors gave an outlook for 2021 with expected sales recovery in Italy and an economic recovery in the USA, while forecasting higher industry inflation forces for building material production going forward. In Italy construction investments are expected to grow moderately, mainly favoured by the residential building renovation sector and by a gradual recovery of activity in the commercial and public segments. In this context, Buzzi Unicem believe that a recovery... |
Cemex releases its Integrated Report 202026 March 2021, Published under Cement NewsCemex, SAB de CV presented its Integrated Report 2020: 'Safe, Essential, Resilient' on 25 March, which includes a comprehensive analysis of Cemex’s strategic vision, operational performance, corporate governance, and value creation at a global level. Fernando A Gonzalez, CEO of Cemex said, "Sustainability remains to be one of our top priorities, and our Climate Action strategy makes us confident in our ability to achieve our targets and aspirations." Among the main accomplishmen... |
Dangote Cement Group reports FY20 revenues of NGN1034.2bn24 March 2021, Published under Cement NewsDangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m. Michel Puchercos, Group CEO, said: "Despite the impact of the COVID-19 pandemic, 2020 was a reco... |
Taiwan Cement reports company revenue of TWD114.36bn in FY2023 March 2021, Published under Cement NewsTaiwan Cement has announced its consolidated financial results for the year ended 31December 2020, as compared to the corresponding period of last fiscal year. Company r evenue amounted to TWD114.36bn (US$4.02bn) and the gross profit margin totalled 32.9 per cent compared to 29.3 per cent in FY19. Operating income was TWD31.34bn and net income was TWD25.09bn, an increase of 3.7 per cent. Edward Huang, senior vice president, said: "In 2020 Taiwan Cement made achievements i... |
Cement export from Pakistan remains fragile in 8MFY2118 March 2021, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-February 2021 and July 2020-January 2021 periods, respectively. It shows mixed trends. Export volumes increased during this period, but revenues declined in dollar terms, reflecting a dwindling global market for cement and clinker. Meanwhile, local output increased. Export Pakistan's cement industry earned US$183.19m of export revenue by delivering 5.469Mt of cement ... |
Breedon announces revenues of GBP928.7m in 202011 March 2021, Published under Cement NewsBreedon Group Plc has announced its annual results for the year ended 31 December 2020 when it achieved revenues of GBP928.7m (US$1.29bn) and profit before tax of GBP48.1m, down from GBP94.6m in 2019. The company sold 2Mt of cement as it did in 2019, and decreased aggregate sales to 21.7Mt in 2020 from 20.2Mt in 2019. Ready-mix sales fell to 2.6Mms from 3Mm 3 in 2019, while asphalt sales increased to 3.3Mt from 3Mt in 2019. "Although we remain mindful of the ongoing impact of COVID-1... |
Cementir records consolidated cement and clinker sales of 10.7Mt in 202010 March 2021, Published under Cement NewsCementir Holding's consolidated results for 2020 saw cement and clinker sales volumes total 10.7Mt, up by 12.9 per cent compared to 2019. This increase was mainly due to the upturn in sales in Turkey where cement volumes rose by 39 per cent over the year. Sales of ready-mix concrete equalled 4.4Mm 3 in 2020, up by 7.8 per cent while aggregates sales volumes totalled 9.5Mt, down by 1.8 per cent as a result of market contraction in Belgium and France due to the COVID-19 pandemic. Group ... |
PCA warns US cement consumption will take time to recover04 March 2021, Published under Cement NewsThe PCA's Market Intelligence Group announced its February outlook on the economy and cement consumption in the US. It stated that COVID-19 is expected to remain an elevated drag on the economic recovery as consumer spending is cautious and accounts for two-thirds of every US dollar generated in US GDP. While COVID-19 relief programmes have prevented the US economy slipping further, by themselves they are not expected to generate growth. US vaccine supply will be at its highest in the ... |