Cement News tagged: International

Dungsam Cement reports impact of lockdown

16 April 2020, Published under Cement News

Bhutan’s Dungsam Cement Corp has been adversely affected by the lockdown in India, according to Sonam Jigme, CEO. No export volumes or revenue have been recorded from 21 March to 12 April, compared to around 75,000t sold and BTN323m (US$4.2m) of revenue last year. Around 81,280t had been sold domestically from 1 January to 21 March, earning BTN488m. However, only 24,233t has been recorde...

Brazil's cement demand stable in March

16 April 2020, Published under Cement News

Following a good first half to the month, Brazilian cement consumption saw a sharp decline in the second half of March, according to the country’s cement association, SNIC. The fall was attributed to the circulation restrictions and a reduction in the pace of works as public transport, trades and support services near the buildings were limited. Therefore, cement sales in March remained stabl...

Government urged to use online platform for cement purchases

15 April 2020, Published under Cement News

The Andhra Pradesh government has been urged to use ‘YSR Nirman’, a new online platform designed to help various state departments procure cement for important government infrastructure works. Thumma Vijaya Kumar Reddy, commissioner, said the government proposed to supply cement at a reduced price to the departments in need. The system reportedly helps to reduce the waiting time of buyers a...

State Bank of Pakistan reviews cement industry performance in 1HFY20

15 April 2020, Published under Cement News

The State Bank of Pakistan has released its second quarterly report of FY20 (July 2019-June 2020) on the state of Pakistan's economy on 14 April. The report reviewed the performance of all sectors and appreciated the cement industry's progress, but pointed out the challenges of the coronavirus on all industries.   According to the report, the global and domestic spread of COVID-19 has brought...

Indian industries look for lockdown exit strategy

Indian industries look for lockdown exit strategy

15 April 2020, Published under Cement News

While many Indian industries were preparing strategies for a partial lifting of the country’s lockdown, some members of the cement industry were reportedly aiming to wait an additional week before deciding whether to resume operations. "There are two issues – demand for cement is not there as construction is put on hold and all expenses of capex are getting deferred. Secondly, there is a big...

Pakistan resumes cement and construction activities

15 April 2020, Published under Cement News

Pakistan's government has taken the bold decisions to open selected local and export-oriented industries (including cement) in a meeting of the National Command and Operation Centre (NCOC), headed by Prime Minister Imran Khan on 14 April. However, the lockdown period for other industries has been  extended until 30 April, says the official notification. It was felt that the restrictions need ...

Polish Cement Association calls on government to send cement and construction workers back to work

Polish Cement Association calls on government to send cement and construction workers back to work

15 April 2020, Published under Cement News

The Polish Cement Asociation has written an open letter to the government explaining how important it is to get the cement and construction sectors back to work. “The contribution of Polish construction to the national economy is estimated at 10 per cent of GDP, including the cement industry generating directly about one per cent of our GDP... "For the sake of the state of the entire economy,...

Research house prospects on Pakistan's cement sector after COVID-19

14 April 2020, Published under Cement News

Pakistani research house Spectrum Securities Ltd has taken stock of mitigation efforts against the coronavirus in the country's cement sector. The measures to stop the spread of the virus had prompted the closure of number of plants to suspend production. The analysts review the pandemic impacts on stocks, demands in 2Q20, profits, future outlook and other aspects. According to the research ...

Chinese infrastructure construction sees boost

14 April 2020, Published under Cement News

Chinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The production and prices of construction materials, including cement and steel, have also seen an increase. The work resumption rate of the cement industry reached 94 per cent as of 6 April, according to data from the Ministry of...

New DRC cement plant project on hold

14 April 2020, Published under Cement News

The laying of the foundation stone of a new cement plant in Katanda, Lomami province, Democratic Republic of Congo (DRC), has been postponed indefinitely. The plant will be built in Bakwa Tshiluila, some 70km northeast of Mbujimayi, where deposits of limestone and other raw materials have been discovered. Nestor Kabuya, geologists and supervisor of the construction site said the postponement...

Argentina's cement market contracts 47% in March

14 April 2020, Published under Cement News

Cement demand in Argentina fell 46.5 per cent to 502,541t in March 2020 when compared to March 2019 when consumption reached 940,167t, according to the country’s cement association, AFCP. When compared with February 2020, the drop was 26.8 per cent from 686,602t.  In terms of dispatches, domestic supply was entirely met by Argentinian producers, who also exported 6034t. This represents a YoY...

Georgia's building materials companies continue production

09 April 2020, Published under Cement News

Georgia’s government has published a list of industries that can continue to work in compliance with  epidemiological safety rules, with construction companies and building material manufacturers included in the list, reports Trend News. According to the decision, infrastructure projects will continue throughout the country. Paata Nikvashvili, director of Magnum Group, says the company's ma...

May lifting of lockdown could see U-shaped recovery in Indian cement

09 April 2020, Published under Cement News

India-based Yes Securities has provided an outlook for the Indian cement industry following the impact of COVID-19. The research house reports that following the lifting of the lockdown, a minimum of 15 days will be required to streamline operations. Furthermore, recovery will be gradual as it may take labour time to return. Pricing discipline is expected to be hard to maintain once lockdown ...

Cemento Sur licence temporarily suspended

09 April 2020, Published under Cement News

Cemento Sur has had its operating licence temporarily suspended by the mayor of the District Municipality of Caracoto in Puno, Peru, because it was operational during the country’s state of emergency, according to Onda Azul.  “We have closed the door of the Cemento Sur company, he said, while specifying that the Ministry of Production issue an authorisation to the company so it can circulate...

Morocco reports 8% drop in 1Q deliveries

08 April 2020, Published under Cement News

Cement deliveries by APC members in Morocco fell 28.7 per cent YoY to 910,995t in March 2020 when compared with 1,278,486t in March 2019, according to market research company, IPSOS. The building sector was particularly hit with a 44.7 per cent YoY drop to 42,912t, but the retail and prefabricated segments also noted declines of 30 per cent to 582,738t and 78,214t, respectively. In the ready...

Indian cement demand could fall 20-25% in FY21

08 April 2020, Published under Cement News

Indian cement demand is expected to fall by 20-25 per cent in the current fiscal year (FY20-21) if the COVID-19 pandemic is not contained by May and construction activities only begin in the second quarter, said analytics agency Crisil. However, assuming the lockdown and other social distancing measures continue until the end of April and construction activity resumes in mid-May, the agency ...