Cement News tagged under: COVID-19

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Nigeria in focus

07 August 2020, Published under Cement News

Nigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financial constraints arising from COVID-19 and general apathy for cement demand. Nigeria has been at the head of the queue to see African cement demand recovering with BUA Cement and Dangote cement reporting an upturn in 1H20 sales, while exports have begun for Dangote. BUA Cement's 1H20 results saw a robust 12.7 per cent ...

Buzzi Unicem's 1H20 cement and clinker sales fall 3%

05 August 2020, Published under Cement News

Buzzi Unicem reports that group cement and clinker sales declined 3.4 per cent in the 1H20. The drop in volumes was concentrated in Italy and eastern Europe, due to the spread of the pandemic and to the associated restrictions on economic activity. In central Europe shipments were only slightly below the level reached in the same period of 2019. There was strong performance in the USA, despite the increasing challenges presented by COVID-19. Net sales achieved in the half year were substant...

Slowly back on track in Brazil?

04 August 2020, Published under Cement News

Following a four-year downturn, Brazil’s cement sector was in recovery mode in 2019. However, after a slow start to the year due to inclement weather, the coronavirus pandemic resulted in a further drop in sales in spring. The latest data show signs of demand recovery with producers pinning hopes on the implementation of private and public construction projects. Brazil’s cement industry is expecting better news in the months ahead as the resumption of private and public constructio...

FLSmidth's 1H20 revenue slips to DKK3.85bn

04 August 2020, Published under Cement News

In the 2Q20 FLSmidth's revenue amounted to DKK3.846bn (US$608.8m) compared to DKK5.472bn in the 2Q19, down 30 per cent YoY with a 22 per cent decline in mining and a 41 per cent decrease in cement. The relatively sharper decline in cement was not only due to a more severe impact of COVID-19 on the cement industry but also a result of a lower level of cement capital orders in the past four quarters, reported FLSmidth. FLSmidth’s organic order intake declined by 29 per cent and organ...

INC reports record July sales

04 August 2020, Published under Cement News

Paraguay-based Industria Nacional de Cemento (INC) has reported a record volume in cement sales at the end of July, reports Agencia de Información Paraguaya. The company sold 1,610,708 bags of cement in July, or an average of 48,500 bags/day. INC President, Ernesto Benítez spoke about the new milestone of 1,610,708 bags sold in a single month. “Not only the best-selling product is pozzolanic, but also masonry and structural cement. Both had a significant rebound," he said. He added the dat...

GB sales of heavy-side building materials slump in 2Q20

04 August 2020, Published under Cement News

The latest statistics released by the Mineral Products Association (MPA) show that sales of heavy-side building materials, including aggregates, ready-mix concrete (RMC), asphalt and mortar saw unprecedented declines during the 2Q20. Aggregates sales volumes were 38 per cent lower, RMC 39 per cent and asphalt 28 per cent on a quarterly basis. The swift closure of housebuilding sites as the lockdown was announced in March resulted in the mortar market suffering an even sharper fall in deman...

Nuvoco wins the FICCI CSR Award 2018-19 for education

04 August 2020, Published under Cement News

Nuvoco Vistas Corp Ltd has won the Federation of Indian Chambers of Commerce and Industry (FICCI) CSR Award 2018-19 in the Education category for their project ‘Shikshit Sunderhattu’ at the 18th edition of FICCI CSR Awards. The award ceremony was held virtually on 27 July 2020 in the wake of COVID-19, where Shri Anurag Thakur, Minister of State for Finance & Corporate Affairs, facilitated the award to Joydeep Chatterjee, who heads Nuvoco's CSR and Corporate Affairs,  for the ‘Shikshit Sund...

Good start to financial year for Pakistani producers

03 August 2020, Published under Cement News

Pakistan's cement industry displayed a robust jump in sales during the first month of the current fiscal year (FY20-21). The significant increase in dispatches also reflected in the performance of scripts on Pakistan's Stock Exchange (PSX) for the last few days.   According to provisional cement data compiled by AHL Research, July 2020 displays an uptick of seven per cent MoM to 4.97Mt (June 2020: 4.62Mt) led by growth in south. Total dispatches show a considerable increase of 41 per cent Yo...

1H20 results show regional impact of coronavirus on cement demand

31 July 2020, Published under Cement News

This week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April...

Vicat's 1H20 results see consolidated sales of EUR1.3bn

31 July 2020, Published under Cement News

Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a...