Cement News tagged under: coronavirus
PPC announces operational update for April04 May 2020, Published under Cement NewsPPC has released an update for its African operations during April. PPC Barnet in the DRC has been able to continue to operate and is expected to produce similar volumes compared to the same period last year. Cimerwa and PPC Zimbabwe have also partially resumed operations in Rwanda and Zimbabwe, respectively, in the second half of April. Cement sales volumes in these countries are expected to be around 15-20 per cent of the volumes sold in April 2019. Overall sales volumes in South Africa ... |
LafargeHolcim's net sales fall to CHF5.293bn in 1Q2001 May 2020, Published under Cement NewsLafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ... |
Cemex sees consolidated net sales rise by 2% in 1Q2001 May 2020, Published under Cement NewsCemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534m in the 1Q20. The company reported higher prices for products in local currency terms in most regions, as well as higher volumes for three core products in the USA and Asia, Middle East and Africa regions, and higher volumes in Mexico. This was partially offset by lower volumes in Europe and South, Central America ... |
Breedon Group prepares to progressively reopen facilities01 May 2020, Published under Cement NewsBreedon Group Plc plans to progressively reopen some operations in a number of regions in Great Britain and in the Republic of Ireland, where customer demand supports it and where the company can open safely. Breedon Group Plc closed the majority of its sites on 26 March 2020 with more than 80 per cent of its staff furloughed in the UK or on temporary lay-off in the Republic of Ireland on full-pay. The reopening includes an anticipated return to clinker production at the company’s two cem... |
Cemex Latam Holdings sees an 11% decline in 1Q20 net sales01 May 2020, Published under Cement NewsCemex Latam Holdings (CLH) announced consolidated net sales of US$214m in 1Q20, a decline of 11 per cent compared to 1Q19. Operating EBITDA reached US$46m in the period, down 12 per cent YoY. Consolidated prices of grey cement and aggregates rose by three per cent and 11 per cent, respectively in 1Q20. Consolidated volumes of grey cement, ready-mix and aggregates declined by 11, 25 and 33 per cent, respectively in 1Q20 compared to 1Q19. Total debt declined by eight per cent YoY, reaching US... |
Cementos Pacasmayo reports 4% fall in revenue01 May 2020, Published under Cement NewsPeru’s Cementos Pacasmayo has seen a 4.4 per cent YoY fall in revenue to PEN299.3m (US$88.88m) in the first quarter of 2020, against PEN313.2m in the 1Q19. Net income dropped 64.5 per cent YoY to PEN10.7m from PEN30.1m. Consolidated EBITDA also decreased 22.8 per cent YoY to PEN72.3m, compared to PEN93.6m in the corresponding period of last year. Total cement production volumes across the company’s three plants decreased 6.9 per cent YoY to 555,700t in the first three months of the 202... |
GCC sees 11% rise in consolidated net sales for 1Q2030 April 2020, Published under Cement NewsMexico’s Grupo de Cemento de Chihuahua (GCC) has announced an 11 per cent increase in consolidated net sales to US$181.4m for the first quarter of 2020. EBITDA also advanced 18.4 per cent YoY to US$45.3m from US$38.3m, with the EBITDA margin rising to 25 per cent from 23.4 per cent. "Both our divisions delivered strong results in the first quarter of the year, as the economic impacts of the pandemic weren't fully realised until late in the quarter. All of our operations are running at a st... |
Caribbean Cement reports 2% revenue increase30 April 2020, Published under Cement NewsJamaica-based Caribbean Cement reported a modest two per cent YoY improvement in revenue to JMD4.54bn (US$33.49m) for the first quarter of 2020. However, overall consolidated net income decreased 57 per cent YoY to JMD500m. The company also noted that it had implemented protocols to protect employees while also serving requirements and protecting cash flows during the COVID-19 pandemic. "We are following government regulations, while working to minimise, as much as possible, the impact o... |
Suez Cement announces new chairman30 April 2020, Published under Cement NewsEgypt’s Suez Cement Group has appointed Ambassador Yasser El-Naggar as the new chairman of the group, effective from 23 April. Mr El-Naggar has succeeded Hayrullah Hakan Gurdal in the role. Mr El-Naggar has previously served as principal deputy minister of planning and was a member of the senior management overseeing the implementation of Egypt's 2030 Vision. Elsewhere, the company has also announced plans to reduce the salaries of the managing director and members of the management commit... |
Coal and crude prices beneficial for cement industry, says DG Khan Cement29 April 2020, Published under Cement NewsTwo of DG Khan Cement's senior management, Raza Mansha, CEO, and Farid Noor Ali Fazal, director, commented that falling coal and crude prices in international markets would reduce the cost of cement production in Pakistan, according to the company's 9MFY20 report. They also anticipate a rise in cement demand on the back of government big hydroelectric dam projects. According to the report, coal prices will remain low and may ease pressure on cost. Oil prices have hit rock bottom and are exp... |