Cement News tagged under: coronavirus
Ambuja Cements has seen a 7% increase in net profit29 April 2020, Published under Cement NewsIndia’s Ambuja Cements has seen a 6.8 per cent increase in its consolidated net profit to INR7.43bn (US$97.5m) for the first quarter of 2020, compared to INR6.95bn in the year-ago period. However, revenue from operations declined 8.5 per cent YoY to INR62.5bn in the 1Q20, following a decline in volumes due to the country’s lockdown status. On a standalone basis, Ambuja Cements saw a 6.5 per cent YoY fall in first-quarter net profit to INR3.99bn from INR4.27bn. Revenue from operations w... |
Vortex makes face masks in fight against COVID-1929 April 2020, Published under Cement NewsIn the midst of the COVID-19 pandemic, employees at Vortex designed and produced cleanable and reusable face shields for Salina Regional Health Center, Kansas, USA. Initially, the visor frames were 3D printed using a design that has been shared across the globe to create shields during the pandemic. Vortex engineers and programmers enhanced this design for its router and water jet programmes, and began producing the frames that could support a more robust and reusable protective shield. Af... |
FLSmidth's interim 1Q20 report sees COVID-19 impact business results28 April 2020, Published under Cement NewsFLSmidth reports that the COVID-19 pandemic is intensifying the cement industry's apprehensiveness to start large capital investments, but producers in both mining and cement are increasingly looking at digitalised solutions, driven by the restrictions of on-site services. Cement service order intake was stable in 1Q20 compared to 1Q19, but total cement order intake declined 50 per cent, due to hesitation on capital investments and the absence of large project orders. Order intake for ceme... |
India Cements partially resumes operations28 April 2020, Published under Cement NewsIndia Cements has partially resumed the operation of some its plants in a phased manner. "Considering the uncertainties involved, the impact arising on account of the COVID-19 pandemic on the performance of the company is not ascertainable at this stage," the company said in a disclosure. India Cements’ Vice Chairman, N Srinivasan, had attended a meeting with Tamil Nadu’s Chief Minister, and stated that with no income and financial strain, the cement industry will face enormous difficu... |
Ambuja Cement and ACC fund NGOs to tackle COVID-1928 April 2020, Published under Cement NewsAmbuja Cements Ltd and ACC Ltd (LafargeHolcim group) have collectively contributed INR3.3m (US$0.43m) to three non-government organisations (NGOs) to support daily-wagers, migrant labour, slum-dwellers and the homeless stranded across the country on account of the lockdown. Ambuja Cement and ACC are supporting Goonj, an NGO renowned for being on the forefront of disaster relief with expertise in material management, as well as Praja Foundation and Mumbai Roti Bank, who are working exten... |
JK Cement receives permission to restart operations28 April 2020, Published under Cement NewsIndia’s JK Cement has received permission from the relevant authorities to commence operations at its Rajasthan, Madhya Pradesh and Haryana sites, alongside work at its new project in Gujarat. As a result, operations have partially resumed or are being resumed after starting all necessary safety measures for staff, said the company. |
Uzbekistan set to temporarily suspend cement imports27 April 2020, Published under Cement NewsForeign trade restrictions are expected to be introduced in Uzbekistan from 1 May 2020, as a reaction to the economic consequences of the COVID-19 pandemic, according to Uzbekistan Daily. As a result, from 1 May to 31 December 2020 the export of raw materials for the production of medical products and the import of cement products are going to be temporarily suspended. The country has recently seen a sharp drop in cement demand due to work at many construction sites having stopped. How... |
Mixed pattern in financial results visible in 9MFY2027 April 2020, Published under Cement NewsThree more Pakistani cement companies have announced their 9MFY19-20 financial results. Lucky Cement Ltd has reported a lower profit, while Maple Leaf Cement Factory Ltd (MLCF) and Bestway Cement Ltd have reported losses during this financial period. The obvious reason is attributed to increase in cost of sales alongside other unavoidable negative business factors. Lucky Cement Lucky Cement reported that with the current economic challenges due to COVID-19 and post relaxation lockdown in... |
Malaysia's cement association praises decision to reopen plants27 April 2020, Published under Cement NewsMalaysia's Cement and Concrete Association (C&CA) has stated that opening cement factories under Phase 3 of the country’s Movement Control Order (MCO) will have a positive effect on the economy and save jobs. C&CA Chairman, Datuk Yeoh Soo Keng, said the cement industry provided over 100,000 jobs, both directly and indirectly. "C&CA lauds the government and the International Trade and Industry Ministry for their prompt action in allowing cement plants to resume operations to serve the l... |
Cemex adds hygiene and safety protocols to minimise COVID-19 risk27 April 2020, Published under Cement NewsCemex has implemented more than 50 new hygiene and safety protocols to minimise the risk of COVID-19 contagion in its cement, ready-mix and aggregates operations. "Due to this pandemic, we have complemented our existing protocols by developing and implementing special protocols and guidelines to protect our employees, communities and customers from COVID-19 risk," said Fernando A González, CEO of Cemex. Cemex is also leveraging its existing digital technologies to limit physical contact an... |