Cement News tagged under: COVID-19

RSS feed

MPA calls for a ‘cash bridge’ for members

18 March 2020, Published under Cement News

The Mineral Products Association (MPA) has written to the Chancellor of the Exchequer calling for greater support for businesses in the UK during the COVID-19 pandemic. Nigel Jackson, MPA CEO, called for a general facility to delay VAT, corporation tax and employers' National Insurance contributions as a way to help member companies facing extreme economic conditions. He wrote: "Businesses need more certainty and a 'cash bridge' to ensure that current viability is not destroyed purely beca...

Pakistan cuts interest rates and releases coronavirus economic package

18 March 2020, Published under Cement News

State Bank of Pakistan (SBP) on 17 March announced three measures to support the economy and public health in response to the challenges posed by the spread of COVID-19. It reduces the interest rates and has enabled a special package for industry, including cement plants, as well as measures to meet the challenges of the coronavirus pandemic. First measure According to an official statement of SBP, it has cut policy rate by 75 basis points to 12.50 per cent but below as per market expecta...

Coronavirus likely to affect Pakistani cement exports to Afghanistan

16 March 2020, Published under Cement News

Pakistan's export of cement to Afghanistan through land routes will be affected from today following Islamabad's decision to close the borders with Kabul as preventive measures to curb the spread of coronavirus. According to an official statement, Prime Minister Imran Khan while chairing the National Security Committee meeting on 13 March, had especially requested to review the current status of and Pakistan's response to the coronavirus pandemic. He also called upon the entire nation t...

UK cement plant to burn Australian GP tyres as AF

16 March 2020, Published under Cement News

A cement plant near Oxfordshire in the UK will be burning around 1800 Pirelli tyres from the cancelled Grand Prix in Melbourne, Australia. "We finished assembling the tyres on Thursday afternoon and then we had to disassemble everything," begins Mario Isola, Pirelli's representative in F1, on the 'Autosport' website. If the GP had been in Europe, those tyres could have been reused, but being in Australia, there is no longer any possibility: "The only problem is the tyres that are already i...

Detained vessel allowed to sail from Bangladesh, as no coronavirus found

16 March 2020, Published under Cement News

The Bangladeshi port authority Mongla Port did not find any symptoms of COVID-19 in the crew of the bulk carrier Serenitas N, which later off-loaded imported coal at birth and sailed on 15 March, say Bangladesh shipping industry sources. On arrival in the first week of March the vessel carrying the flag of the Marshall Islands had suspended off-loading of imported coal at Mongla, due to suspicion of the coronavirus affecting the crew. The vessel was detained when three sailors of vessel h...