Cement News tagged under: coronavirus

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No new cement projects expected in Vietnam this year

11 May 2020, Published under Cement News

Vietnam’s cement industry is not expected to see the construction of any new production lines this year, according to Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA). Mr Cung noted that the industry is now facing oversupply, creating a challenging environment for cement firms to invest in new factories. The chairman also stated that the Thanh Son project in Thanh Hoa is yet to finish following a decade of construction. However, as previously announced, two additional ...

Pandemic to seriously affect global cement trade

08 May 2020, Published under Cement News

At Cemtech's live webinar on the 'seaborne trade of cement and clinker' this week, Ad Ligthart of Cement Distribution Consultants, gave a sobering outlook on global trade in response to COVID-19 and the many government lockdowns that have been implemented worldwide.  "Seaborne trade of cement and clinker will be seriously affected," said Mr Ligthart, adding: "There will be a global reduction in cement consumption and the result of that for seaborne trade and distribution is that the drop w...

HeidelbergCement releases 1Q20 results

07 May 2020, Published under Cement News

HeidelbergCement has recorded a seven per cent decline in revenue to EUR3.93bn for the first quarter of 2020, compared with EUR4.24bn in the year-ago period. The company saw sales volumes across all lines increase in January and February, however, its volumes from mid-March were severely affected by the coronavirus pandemic. As a result, total cement and clinker sales volumes decreased three per cent YoY to 27.7Mt from 28.6Mt. Deliveries of aggregates also fell four per cent to 60.1Mt in t...

Mahendra Singhi considers COVID-19 impact on the Indian cement industry

07 May 2020, Published under Cement News

Mahendra Singhi, president of India’s Cement Manufacturers Association and managing director and CEO of Dalmia Cement (Bharat) Ltd, opened Cemtech’s third live webinar yesterday. Mr Singhi started by recognising the severe impacts caused by the COVID-19 pandemic. In India, for example, the scale of the nationwide lockdown is the largest ever seen. As a result, the pace of its economy has considerably slowed in recent months and GDP may contract 0.5-2 per cent YoY in the FY21. However, the...

Pakistan's April dispatches hit by COVID-19

07 May 2020, Published under Cement News

All Pakistan Cement Manufacturers' Association (APCMA) released dispatch figures for April 2020 and cumulative 10MFY19-20, showing mixed impact of COVID-19. Cement dispatches in the country have declined in April 2020 by 23.7 per cent to 3.52Mt from 4.61Mt in April 2019 as both exports and domestic markets crashed, owing to the considerable impact of COVID-19. However, total dispatches inched up by 3.5 per cent to 40.55Mt in the first 10 months of the current financial year when compared t...

Dry bulk shipping market likely to start recovery in 2021

07 May 2020, Published under Cement News

The dry bulk shipping market is expected to see significantly more modest levels of growth in the run-up to 2024, according to Rahul Sharan, lead research analyst dry bulk shipping at Drewry India during Cemtech’s live webinar “Impact of COVID-19 on the global cement trade” on 6 May. After introducing the audience to the various demand and supply drivers that move the dry bulk shipping market, Mr Sharan explained the dry bulk shipping cycle and highlighted the importance of China entering ...

Lafarge Africa provides NGN500m intervention fund to alleviate COVID-19 challenges

07 May 2020, Published under Cement News

In response to the COVID-19 pandemic, Lafarge Africa (LafargeHolcim group) has deployed a NGN500m (US$1.28m) intervention fund to provide medical infrastructure, food and essential medications to its host communities. During the first phase of the intervention launched on the 6 April 2020, the company converted two of its facilities in Sagamu and Ashaka to be used as isolation centres, and also provided infrastructure support such as generators, ambulances and critical personal protection ...

Business as unusual

06 May 2020, Published under Cement News

The global coronavirus pandemic has presented the cement and other economic sectors with considerable challenges. Benjamin Sporton, CEO of the Global Cement and Concrete Association (GCCA), shares his thoughts. By Benjamin Sporton, Global Cement and Concrete Association, UK. The global COVID-19 pandemic is leading to an unprecedented shift in how we exist The global COVID-19 pandemic, in different stages of intensity and development around the world, has presented us with challe...

Salonit Anhovo restarts cement production

06 May 2020, Published under Cement News

Slovenian cement producer, Salonit Anhovo (Wietersdorfer Group) has resumed cement operations after 14-day shutdown due to the COVID-19 pandemic that caused reduced demand for its domestic market and exports to Italy. Production was suspended on 20 April and resumed on 4 May, as the company used the two-week break to carry out maintenance works, while continuing to make cement shipments to meet the needs of its clients during the period, Salonit Anhovo said. "Construction sites in Italy ha...

Oman enforces anti-dumping measures

06 May 2020, Published under Cement News

Oman’s Ministry of Commerce and Industry has helped introduce screening measures at the country’s border to reduce cement dumping. The anti-dumping measures began in March but have reportedly been ramped up alongside restrictions on the cross-border movement of goods in response to the COVID-19 pandemic, according to the Oman Daily Observer. "We are delighted by the action initiated by the government to limit dumping of cement," said a source at Raysut Cement. "These measures will enable R...