Cement News tagged under: 1Q2020
SCG reports 6% fall in revenue in the 1Q2030 April 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen a six per cent YoY drop in revenue to THB105bn in the first quarter of 2020. Profit decreased 40 per cent YoY to THB6.97bn, due to the declining performance of its chemicals business on the back of decreased product margins. The company’s cement building materials segment reported a four per cent YoY decline in revenue to THB46.2bn, attributed to lower sales in the domestic market. Profit was also down two per cent YoY to THB2.7bn, but improved ... |
FLSmidth's interim 1Q20 report sees COVID-19 impact business results28 April 2020, Published under Cement NewsFLSmidth reports that the COVID-19 pandemic is intensifying the cement industry's apprehensiveness to start large capital investments, but producers in both mining and cement are increasingly looking at digitalised solutions, driven by the restrictions of on-site services. Cement service order intake was stable in 1Q20 compared to 1Q19, but total cement order intake declined 50 per cent, due to hesitation on capital investments and the absence of large project orders. Order intake for ceme... |
Steppe Cement 1Q20 cement sales fall by 11%16 April 2020, Published under Cement NewsIn the 1Q20 Steppe Cement Ltd sold 235,896t of cement for KZT4003m (US$9.4m) compared to 266,393t in the 1Q19, a decline of 11 per cent. Kazakhstan's cement market increased in 1Q20 by 15 per cent over the corresponding period of the previous year. The company maintained pricing over volumes in the 1Q20 but saw its market share decrease to 13.3 per cent from 17.4 per cent in the 1Q19. The average price for delivered cement in the 1Q20 was KZT16,970/t, compared with KZT16,723/t in the 1Q... |