Cement News tagged under: coronavirus
Bangladesh's cement sector sees signs of recovery in demand17 August 2020, Published under Cement NewsPremier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector had been reeling from the unprecedented collapse in demand in April and May because of the pandemic, which hammered activity and brought the construction sector to a grinding halt. However, activity has begun to pick up and are now back almost to the pre-pandemic level in June and July. "The economic front of a develo... |
Namibia’s cement sales affected by COVID-1917 August 2020, Published under Cement NewsThe lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public affairs manager. “Cement sales have been affected since the outbreak of the virus. We were able to continue supplying our Namibian market without major interruptions while adhering to the regulations under the state of emergency. However, due to the restrictions and quarantine rules by neighbouring countries, our exp... |
Cement demand falls for SCG14 August 2020, Published under Cement NewsSiam Cement PCL reported a profit of THB9384m (US$301.6m) in the 2Q20, or a 35 per cent rise in earnings QoQ and 33 per cent YoY, bolstered by its chemical business performance. Company EBITDA from operations increased by 17 per cent QoQ and 23 per cent YoY to THB17,774m, while revenue from sales fell by nine per cent QoQ (-12 per cent YoY) to THB96,010m with decreases in all core businesses. Thailand's domestic cement market saw grey cement demand increase by four per cent YoY in the 2Q20.... |
Pakistan cement production witnessed a mixed trend in FY19-2013 August 2020, Published under Cement NewsThe output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the major manufacturing sectors posted negative growth, according to the data released by the Pakistan Bureau of Statistics (PBS). According to provisional quantum index numbers of large-scale manufacturing industries (QIM), the LSMI output declined by 7.7 per cent in June 2020, compared to June 2019, and increased by 16.8... |
Arkan Building Materials sees profits decline to AED2.1m in 1H2011 August 2020, Published under Cement NewsArkan Building Materials reported 1H20 profits declining to AED2.1m (US$571,818) as construction activity became disrupted in UAE due to the pandemic. Last year the company reported profits in 1H19 of AED 33.7m, boosted by the sale of Emirates Cement Factory. Revenue this year has reached AED387.4m, down from AED458.8m last year. Cement revenues fell to AED196.5m from AED282.7m last year, while cement-led profit amounted to AED7.91m, down from AED45.69m. Concrete block and dry mortar revenu... |
Dangote to test US$90 power plant for Mtwara cement factory11 August 2020, Published under Cement NewsDangote Cement will test run a new US$90m gas-fired power plant in Mtwara, Tanzania, later this month. The plant has been delayed with the outbreak of COVID-19, but it will supply the Mtwara cement plant and reduce Dangote Cement's reliance on coal imports. The new power plant is due to be fully commissioned in November. The Mtwara plant has not operated at full capacity during 2020, but the new power plant should help energy efficiencies. "We have had mechanical failures of some main equ... |
Bangladesh's raw material imports decline 13%11 August 2020, Published under Cement NewsThe value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin... |
East African Portland Cement meets distributors amidst falling demand10 August 2020, Published under Cement NewsThe East African Portland Cement Company (EAPCC) of Kenya is enhancing dealer and distributor incentives to push cement sales during the pandemic. CEO, Stephen Nthei, met with distributors in a tour of Nyandarau county to set a strategy and look to understand the challenges facing distributors and customers. "COVID-19 has had quite an impact in sales of cement. But we are seeing a bounce back as businesses start requesting for orders," Nthei said. "Dealers and distributors will get more in... |
Cement export from Bangladesh begins in July10 August 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$0.53m in July 2020, the first month of FY20-21, compared to US$0.66m bagged in July 2019. The weak start at the beginning of the new fiscal year reflects the fall in exports by 20 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). The export value for cement decreased by 37 per cent, underperforming when compared wit... |
Nigeria in focus07 August 2020, Published under Cement NewsNigeria, 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 ... |