Cement News tagged under: coronavirus
Titan Group sees 6% revenue increase in 1Q2014 May 2020, Published under Cement NewsBased on robust US demand and resilience of markets in the eastern Mediterranean, Titan Group's consolidated revenue increased in the 1Q20 by 6.1 per cent, reaching EUR384.8m, despite the slowdown of business due to COVID-19 since mid-March. EBITDA declined by EUR3.7m, or 8.5 per cent YoY, reaching EUR40.6m, mainly due to the advanced costs of about EUR10m associated with the earlier timing of the plant maintenance in Florida (completed in 2Q19). Preliminary April year-to-date financials ... |
Brazil cement consumption declines 7% in April14 May 2020, Published under Cement NewsWhile Brazilian cement sales in April fell 6.9 per cent YoY to 4.1Mt, sales per business day saw a drop of only 2.5 per cent to 185,500t, according to Brazil’s cement association, SNIC. “After a slightly negative quarter of sales (-0.3 per cent 1Q20 x1Q19), caused mainly by the damming of cement purchases in January and February due to heavy rains, which hit several parts of the country, and the beginning of social isolation and demobilisation of sectors of the economy, which started in Ma... |
MPA releases COVID-19 pocket safety guides14 May 2020, Published under Cement NewsThe Mineral Products Association (MPA) has launched two new sector specific pocket guides, for managers and employees, which are designed to support members in keeping employees, contractors, suppliers and customers safe as site operations adapt to the restrictions of COVID-19 and become COVID secure. Drawing on expert industry advice and techniques, they have been prepared by the MPA's Health and Safety Committee. The A5-sized guides are based around '10 Rules of Engagement' designed to d... |
Argentina’s market contracts 55% in April13 May 2020, Published under Cement NewsCement consumption in Argentina dropped 55.2 per cent YoY and 19.7 per cent MoM in April 2020 to 403,652t from 900,938t in April 2019, according to the latest data by the country’s cement association, AFCP. Production in domestic cement plants fell by 55.1 per cent to 407,645t in February 2020 from 908,737t in the equivalent period of the previous year. When compared with March 2020, the decline was 19.8 per cent. There were no imports in April. Exports saw a 48.8 per cent YoY decrease t... |
Cemex UK to mothball South Ferriby plant in 3Q2013 May 2020, Published under Cement NewsCemex UK has announced a proposed mothballing of the South Ferriby plant during the 3Q20. It is anticipated that the proposal may result in redundancies of all the employees currently based at the South Ferriby Cement plant. The current cement drivers based at South Ferriby are not immediately impacted, but the intention is to review the optimal haulage provision. Cemex will shortly commence a process of collective consultation with affected employees. A final decision will be announced whe... |
No new cement projects expected in Vietnam this year11 May 2020, Published under Cement NewsVietnam’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 trade08 May 2020, Published under Cement NewsAt 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 results07 May 2020, Published under Cement NewsHeidelbergCement 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 industry07 May 2020, Published under Cement NewsMahendra 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-1907 May 2020, Published under Cement NewsAll 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... |