Cement News tagged under: coronavirus
Cement sector recovery scenarios and the SE Asian focus24 April 2020, Published under Cement NewsCemtech held its second webinar on the impact of COVID-19 on the cement industry this week. The webinar featured several leading industry speakers, including Paul Roger, MD, Building Material Division, Exane BNP Paribas (UK), and Manas Tamotia, partner, LEK Consulting (Singapore). This newsletter summarises the key points from the webinar. The global cement market outlook Paul Roger outlined that lockdown meant different things in different countries. In some countries construction i... |
Spain's cement consumption falls 28% in March24 April 2020, Published under Cement NewsCement demand in Spain decreased 28.3 per cent YoY to 923,581t in March 2020, according to the country’s cement association, Oficemen. The level had not been seen since 1965, excluding the recessions of the last decade. However, exports saw an 11 per cent recovery after 33 months of decline with 54,588t of cement exported. January-March 2020 In the first quarter of 2020 cement consumption fell 12.7 per cent to 3.143Mt, or 457,246t less when compared with the 1Q19 when demand reached 3.... |
Mixed results announced by Pakistani cement companies for 9MFY2024 April 2020, Published under Cement NewsThree Pakistani cement companies have announced their 9MFY19-20 financial results. DG Khan Cement Co Ltd and Kohat Cement Co Ltd have reported losses, but luckily Attock Cement Ltd has reported only a fall in profit during this financial period. Analysts have attributed losses to a combination of factors, including a significant drop in retention prices in both local and export markets, an increase in finance cost, higher energy tariffs and an increase in transportation cost following the i... |
PCA writes to President Trump24 April 2020, Published under Cement NewsMichael (Mike) Ireland, president and CEO of the Portland Cement Association (PCA), has written to US President Donald Trump to express the need to restart public works programmes and designate the cement industry as an 'essential industry' that is also listed as a 'critical manufacturing' industry with the Department of Homeland Security. "Increasingly, the COVID-19 crisis and necessary government response activities, including travel restrictions, shelters in place, quarantines, and oth... |
Baturaja Cement sales decreased 15% in 1Q2024 April 2020, Published under Cement NewsPT Semen Baturaja (Persero) Tbk experienced a downturn in cement sales in the first quarter of this year by 15 per cent. Semen Baturaja Corporate Secretary, Basthony Santri, stated that the decline in sales until March was due to the fall in cement demand due to several factors, one of which was the delay in a number of development projects in the southern Sumatra. "SMBR sales were down by 15 per cent, in line with the decline in cement demand in South Sumatra which is the basis for the S... |
Bangladesh cement industry seeks stimuli to meet challenges of COVID-1923 April 2020, Published under Cement NewsBangladesh's cement industry is facing numerous challenges amid the coronavirus pandemic and sees no immediate respite as the government plans to further extend the lockdown period. The lockdown has reportedly disrupted production, dispatches and handling import of raw materials at port. The trading of seven cement companies' scripts in Bangladesh's two stock exchanges will also continue to remain unavailable, as the government is likely to further extend holidays from 25 April to 5 May, ... |
Salonit Anhovo suspends production for two weeks23 April 2020, Published under Cement NewsSlovenia’s Salonit Anhovo has suspended production for two weeks from 20 April, due to demand in its Italian and Slovenian markets falling amid the ongoing coronavirus crisis. However, the company will continue to make cement shipments to its customers. "We expect that cement sales on the domestic market will stabilise again as the government is providing incentives for construction activities," said Dejan Zwitter, Salonit management board member. |
Cement scripts financial results season at PSX23 April 2020, Published under Cement NewsAccording to a report issued by Al Habib Capital Markets (Pvt) Ltd, Pakistan's leading cement companies, including Maple Leaf Cement, Lucky Cement, DG Khan Cement and Kohat Cement Co, are all set to announce their 3QFY20 financial results on 23 April 2020, while Cherat Cement Co is scheduled to declare its 3QFY20 financial result on 28 April 2020. Cement sector earnings are expected to fall in 3QFY20when compared with the year-ago period, according to Al Habib analysts. The research house... |
CRH releases trading update22 April 2020, Published under Cement NewsCRH has released a trading update for the 1Q20, reporting a three per cent increase in like-for-like sales. In North America the company’s operations in Pennsylvania, New York City and Washington state have been the most impacted to-date by the COVID-19 pandemic, while its operations in the southeast, central and western US have been less affected, according to the update. Significantly lower activity levels have also been noted in Ontario and Quebec, as a result of government restrictions... |
ACC sees net profit fall 7% in 1Q2022 April 2020, Published under Cement NewsIndia’s ACC (LafargeHolcim) has seen its consolidated net profit fall 6.6 per cent YoY to INR3.23bn (US$42.13m) in the first quarter of 2020. Its net sales decreased 10.8 per cent to INR34.33bn from INR38.49bn. However, its EBITDA advanced 10 per cent YoY to INR5.86bn in the 1Q20, compared with INR5.32bn in the year-ago period. The company’s cement volumes during the January-March period dropped 12 per cent YoY to 6.56Mt from 7.46Mt, while ready-mix volumes remained flat at 0.93Mm 3 . "U... |