Cement News tagged under: COVID-19
Qatar National Cement to shut two plants this week01 April 2020, Published under Cement NewsQatar National Cement has announced that it will shut down two plants from 1 April to slow the spread of coronavirus and as an impact of lower demand in the local market. Therefore, the company’s board will close factories four and five until further notice, according to a statement. |
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
Pakistan's producers see daily offtake fall01 April 2020, Published under Cement NewsCement factories located in Sindh province, Pakistan, have seen their total dispatches decline to 3500tpd from 20,000-22,000tpd before the coronavirus outbreak. Likewise, cement manufacturing plants in the north of the country registered an almost 75 per cent decrease in dispatches. Daily average cement offtake fell to 30,000-35,000tpd from 135,000-140,000tpd. Elsewhere, exports slipped 93 per cent to an average of 1,000-1,500tpd from 20,000-22,000tpd. Industry officials have said c... |
Indian cement dealers expect volumes to decline 35-40%31 March 2020, Published under Cement NewsFollowing the impacts of COVID-19, Indian cement dealers are expecting volumes for March to decline by 35-40 per cent YoY and April to be a wash-out, according to The Financial Express. Volumes had been reportedly growing at 10-12 per cent YoY in the east, and 4-5 per cent YoY in the west and central regions. However, cement dispatches have stopped since 21 March and all major cement plants are now shut. Volume loss from the nationwide lockdown is estimated to be around 40 per cent in March... |
BUA provides funds for COVID-19 relief in Nigeria31 March 2020, Published under Cement NewsNigeria’s BUA has fulfilled a pledge by transferring NGN1bn (US$2.6m) of funds to the COVID-19 relief account with the Central Bank of Nigeria. In addition, the group also announced another donation of NGN300m to Sokoto, Edo and Ogun states to further assist an adequate COVID-19 response. These additional donations will be made on behalf of its BUA Cement subsidiary which has major production operations in these states, whilst Ogun was also selected as a beneficiary due to its proximity t... |
Indian lockdown leaves plant staff stranded31 March 2020, Published under Cement NewsFollowing the Indian lockdown as a response to the COVID-19 outbreak, Ramco Cements has stopped production at its plant in Haridaspur, Jajpur. However, around 400 workers from other states such as Jharkhand, West Bengal and Bihar allegedly remain stranded inside the factory, according to The Pioneer. The issue has now been raised with company management and the appropriate District Collector. |
Vicat to revise 2020 outlook in view of coronavirus30 March 2020, Published under Cement NewsVicat has warned that while its 2020 outlook needs to be revised in terms of the potential impact of COVID-19 on the cement producer’s business, it is not able at this stage to provide a detailed and accurate assessment of how its markets and financial performance will develop during the course of the year. Adaptation measures have already been implemented, including a plan to reduce operating costs and defer non-strategic capital expenditure. |
Cevian builds CRH stake30 March 2020, Published under Cement NewsSwedish activist fund Cevian has bought further shares in CRH in less than a fortnight. The fund now holds a 3.145 per cent stake in the Ireland-based building materials producer. Cevian first purchased shares in CRH in February, calling for a simplification of the business, but has since appeared more supportive of the management. "When this [coronavirus outbreak] passes, CRH's fundamentals will still be strong, and the business well positioned to benefit from increased public construct... |
Dalmia Bharat suspends entire manufacturing capacity30 March 2020, Published under Cement NewsIndia’s Dalmia Bharat has suspended its entire 26.5Mta of cement manufacturing capacity as a result of the coronavirus, according to a press release. "We are continuously monitoring the situation and the immediate task is to ensure that the chain of transmission of COVID-19 breaks. We will decide to restart production once the lockdown is over, based on the directions of the state and central governments," said Mahendra Singhi, managing director and CEO. Although the plants have the requ... |
Oficemen asks government not to “paralyse the construction sector”30 March 2020, Published under Cement NewsCement manufacturers with plants in Spain have requested the country’s government not to paralyse the construction sector in the face of the current COVID-19 pandemic and the national alert, considering it necessary to maintain its activity so that "the country is prepared for the exit of the crisis". "With the service sector paralysed, construction now becomes an essential pillar so that the Spanish economy does not freeze," says the cement association, Oficemen. It advocates "maintenance ... |