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East Africa: keeping the lights onWith overcapacity and pricing pressures weighing in on the east African cement industry, cement producers are setting their sights on the return of strong demand by 2023. In the meantime, will the...Articles - 28 July 2020 |
India Cements post 77% drop in 1Q net profitIndia Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48.3 per cent to INR7....News - 28 July 2020 |
Indian demand expected to fall 25% in FY21Cement demand in India is forecast to contract by up to 25 per cent in FY20-21 due to the coronavirus lockdown and subsequent specific restriction on construction activities, according to ratings ...News - 24 July 2020 |
Dry bulk outlook amid COVID-19 impactAs the coronavirus took hold of global economic activity, dry bulk trade crashed. As some parts of the world cautiously move out of lockdown, what is the outlook for the shipping of cement and oth...Articles - 21 July 2020 |
ACC reports 40% fall in net profitIndia’s ACC (LafargeHolcim) has reported a 40 per cent YoY decline in consolidated net profit to INR2.71bn (US$36.2m) in the first quarter of FY20-21, compared to INR4.55bn in the year-ago period....News - 21 July 2020 |
Bangladesh: overcoming industry pressuresCement demand in Bangladesh has been growing fast and potential is strong. However, in 2019 producers faced a number of setbacks, added to which now is the COVID-19 impact. By EBL Securities Ltd, ...Articles - 20 July 2020 |
Pakistan's cement export volumes risePakistan's Federal Bureau of Statistics (FBS) has released cement export data for the 12 months of July-June (2019-20). During this period, the quantity of cement exports increased but the dollar ...News - 20 July 2020 |
Orient Cement evaluates COVID-19 impact on operationsIndia's Orient Cement Ltd estimates that it lost around 225,000t of cement sales towards the end of the FY19-20 due to the COVID-19 pandemic, which may have an impact of up to INR300m (US$4m) on i...News - 20 July 2020 |
Indian cement prices struggle in JulyAll-India cement prices declined by one per cent to INR366/50kg bag (US$4.88/50kg bag) in July, according to Kotak Institutional Equities. Prices in southern India also declined one per cent Mo...News - 20 July 2020 |
India's capacity utilisation falls in the 2QThe capacity utilisation of India’s top 10 cement producers fell to 52 per cent in the quarter ending 30 June, compared to 76 per cent in the year-ago period, according to The Hindu BusinessLine. ...News - 16 July 2020 |