Cement News tagged under: COVID-19
Mexico: getting back to business10 April 2020, Published under Cement NewsThis week, Cemex was quick to announce that it was resuming operations, having previously fallen into line with the National Cement Chamber’s (CANACEM) decision to cease cement plant operations in Mexico on 2 April 2020. Pressure to keep construction and cement sectors operational Cemex's announcement was a rapid about-turn on the advice that CANACEM president, Jaime Rocha Font, had given earlier: "We will stop supplying public and private works as of Saturday 4 April, this including th... |
Cemex asks employees to defer 10% of salary10 April 2020, Published under Cement NewsCemex has asked employees to voluntarily defer payment of 10 per cent of their salaries for three months, according to Reuters. Members of its senior management team have also been requested to give up 15 per cent of their pay for the period starting 1 May. The chairman of the board, CEO and other top executives have already agreed to give up 25 per cent of their salaries and fees over 90 days. The company will also reduce or suspend investments unrelated to the pandemic in addition to... |
Eagle Cement donates food packs to Bulacan residents10 April 2020, Published under Cement NewsPhilippines-based Eagle Cement has donated food packs to the residents of Bulacan, amidst the quarantine period in place due to the COVID-19 pandemic. With the assistance of the armed forces, volunteers and the local government of San Ildefonso, the company distributed thousands of food packs containing rice and canned goods to 20 barangays in San Ildefonso and Dona Remedios Trinidad. Apart from food packs, vitamins and other medicine were also distributed to residents who are most in ... |
Georgia's building materials companies continue production09 April 2020, Published under Cement NewsGeorgia’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 main task is to provide infrastructure and construction projects with cement. "From the beginning o... |
CABC report calls for Canada and USA to keep border open to cement trade09 April 2020, Published under Cement NewsThe Canadian American Business Council's (CABC) latest report on Canada/US cross-border trade calls for governments in north America to open border trade to cement and other building materials during the COVID-19 crisis to keep some liquidity in the economy. "If we don't keep this backbone of the economy going, we are going to extend the time the recovery will take, policy-makers are getting that," said Steve Morrissey, executive vice-president of the Cement Association of Canada, a member ... |
May lifting of lockdown could see U-shaped recovery in Indian cement09 April 2020, Published under Cement NewsIndia-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 is lifted as smaller players are expected to undercut prices. The south remains susceptible to subdu... |
Dalmia Cement Bharat announces COVID-19 relief plans09 April 2020, Published under Cement NewsIndia’s Dalmia Cement Bharat has contributed INR20m (US$262,742) to the Odisha relief fund to help support the state’s response to the COVID-19 pandemic. Elsewhere, the company has distributed dry food packets to over 900 families in villages near Biswali, Odisha. Seven days of grocery shopping has been supplied to 650 families in and around Rajgangpur, while the company has also provided assistance for stranded truck drivers, helpers and the homeless. Furthermore, the company has team... |
Cemento Sur licence temporarily suspended09 April 2020, Published under Cement NewsCemento 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 regularly. “To avoid the operation of the company we have blocked its accesses,” said the authority... |
Maple Leaf Cement restores its plant operations at Punjab in Pakistan08 April 2020, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has informed Pakistan Stock Exchange Ltd that it has resumed its production operations at its plant located at Iskanderabad, Dist Mianwali, in Punjab, on 7 April. This was possible due to the government's allowed relaxation of COVID-19 lockdown for the construction industry, said Company Secretary, Muhammad Ashraf, in the bourse filling. The plant had temporarily suspended its operations recently in the light of government instruction to control the ... |
Indian cement demand could fall 20-25% in FY2108 April 2020, Published under Cement NewsIndian 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 stated that the fall in demand could be 10-15 per cent. Capacity utilisation rates are also expected... |