Cement News tagged under: coronavirus
Egypt sees cement sales surge 42% in June21 July 2020, Published under Cement NewsEgypt's cement industry has reported a sudden surge in total sales, recording 3.64Mt during June 2020, including minimal exports, up 42 per cent MoM and one per cent YoY. June's improvement follows on from one of the lowest monthly sales run rates on record during May, which were impacted by the coronavirus (COVID-19) pandemic and the partial lockdowns. The MoM turnaround was recorded across companies including Suez Cement, which reported a sales growth of 55 per cent MoM and 24 per cent... |
Eagle Cement Corp will pursue expansion plans21 July 2020, Published under Cement NewsEagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl... |
Rwanda's cement shortage sparked by classroom building21 July 2020, Published under Cement NewsCimerwa is seeing a sharp rise in cement prices in Rwanda, following a cement shortage that has been driven by the Ministry of Education's programme for 20,000 classrooms to be built before September in the country. Cement prices have climbed from RWF8500 (US$8.92) to RWF13,000 (US$13.64) in recent days. Cimerwa's retail prices for cement are lower at RWF8800 for Surewall, RWF9800 for Surecem and RWF10,800 for Surebuild. The company expressed displeasure at traders selling cement at h... |
Pakistan's cement export volumes rise20 July 2020, Published under Cement NewsPakistan's Federal Bureau of Statistics (FBS) has released cement export data for the 12 months of July-June (2019-20). During this period, the quantity of cement exports increased but the dollar value fell, reflecting a weaker global market for cement and clinker in the aftermath of COVID-19. Pakistan's total exports (all commodities) decreased by 6.8 per cent during the FY19-20 to US$21.394bn against US$22.958bn in the corresponding period of last year, the PBS data revealed. Pakistan'... |
Will Turkish cement exports come under pressure?17 July 2020, Published under Cement NewsAs the second-largest cement exporter after Vietnam, Turkey's cement industry has for many years exported its surplus around the world. However, analysts anticipate Turkish trade to contract due to COVID-19 as the pandemic affects trans-Atlantic exports to the US, as well as other countries where anti-dumping measures increase in response to local surpluses - most recently Georgia . However, this week's news indicates that Turkish cement exporters have found ways to boost their sales, at le... |
Argos delivers masks and biosafety kits17 July 2020, Published under Cement NewsArgos has been delivering 23,000 face masks to construction and hardware customers throughout Colombia as well as biosafety kits to business customers. The biosafety kits consist of thermometers and floor charts, for social distancing, and a digital application to monitor health conditions at points of sale to prevent the spread of COVID-19. "At Argos we have the firm intention of being the best allies to our customers," said Tomás Restrepo, vice president of Argos Colombia region. |
Votorantim reduces production at Oural15 July 2020, Published under Cement NewsVotorantim-owned Oural cement plant in Spain will considerably reduce its cement production as a result of falling demand from the construction sector due to the COVID-19 pandemic. The cement producer has seen a significant fall in its sales in Spain and industry sources expect the sector to see a decline of 20 per cent for the full year. The decision will see a reduction in the production of clinker in particular as the company will continue to bag and distribute cement as the market requi... |
South African cement sector is operating in survival mode13 July 2020, Published under Cement NewsBheki Mthembu, head of the inland business unit of PPC, says the lack of large-scale construction projects in South Africa has left cement producers heavily dependent on residential construction. "The sector has had issues for a while and government needs to support us through infrastructure maintenance and other projects. We were in survival mode and COVID-19 almost served as the final nail in the coffin," said Bheki Mthembu. "There is a very small piece of cake that everyone ... |
Bamburi Cement donates KES15.6m in the fight against COVID-1913 July 2020, Published under Cement NewsBamburi Cement (LafargeHoldim group) has donated KES15.6m (US$145,600) in the fight against coronavirus to the Kenyan government's COVID-19 Emergency Response Fund. KES5m of the donation is a direct cash contribution for immediate assistance, KES5.2m is directed at personal protective equipment (PPE) and KES2.4m will support communities in Mombasa, Kilifi, Machakos, Kwale and Kjiado which need water tanks for hand washing, face masks and hand sanitisers. A further KES3m is set aside for f... |
HeidelbergCement revaluates business units with impairment test07 July 2020, Published under Cement NewsDue to the COVID 19 pandemic, HeidelbergCement AG has reviewed the business prospects of all significant local business units of the group, and has carried out an impairment test on its asset portfolio in the 2Q20. The audit leads to an impairment of goodwill and tangible fixed assets shown in the consolidated balance sheet totalling around EUR3.4bn (US$3.8bn) before tax. Regionally, the impairments relate mainly to business units in western and southern Europe (UK, France, Belgium, The ... |