Cement News tagged under: coronavirus
HeidelbergCement cuts work hours and Board waives 20% of salaries in 2Q2020 April 2020, Published under Cement NewsHeidelbergCement has agreed with the works council and employee representatives to introduce short-time work for its employees in Germany in response to the coronavirus. Initially, the short-time working regulations primarily affect employees from the group's head office in Heidelberg. The extent of short-time work is determined for employees depending on the loss of work and can be up to 100 per cent. In addition, the Supervisory Board and the Management Board of HeidelbergCement have d... |
Sri Lanka looks to lift curfew and open factories20 April 2020, Published under Cement NewsSri Lanka's Government is considering the easing of the month-long curfew on the island from this week. Minister of Health and Indigenous Medicine, Pavithra Waniarchchi, announced that all clusters of COVID-19 in Sri Lanka had been successfully detected and that the government was keen to gradually restart industry to protect the national economy. Senior Economist and Senior Lecturer at the University of Colombo, Professor HD Karunaratne, said: "We are importing raw material from China and ... |
No coronavirus impact on cement revenue in 9MFY20 but March data dispersed in Pakistan20 April 2020, Published under Cement NewsThe Federal Bureau of Statistics of Pakistan has released cement export data for the nine-month period of July 2019-March 2020 (9MFY19-20). It carries more or less same trend of eight months and does not show any significant impact on overseas dispatches amid the spread of coronavirus in country. However, exports in March 2020 show a contraction due to the lockdown during the latter half of the month, which continues. Pakistan’s cement industry has earned an export revenues of US$210.07m ... |
Ambuja Cements seeks production start from 20 April20 April 2020, Published under Cement NewsLafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio... |
DG Khan resumes operations at Khairpur20 April 2020, Published under Cement NewsPakistan-based DG Khan Cement Co has resumed production at its Khairpur cement plant in Chakwal, said the company in a statement to the Pakistani Stock Exchange on Friday. Operations have been resumed as a result of the relaxation of the lockdown for the construction industry. |
Titan releases 2019 annual report and assesses COVID-19 impact17 April 2020, Published under Cement NewsTitan Group released its 2019 annual report this week , covering its performance financially and with its environmental and social programmes. It also gave an outline of how it had been affected by the COVID-19 pandemic. Tarkis Arapoglou, chairman of Titan's Board of Directors, said: "The slow, steady and simultaneous recovery of the global economy in recent years continued throughout most of 2019 but regrettably was abruptly interrupted by the advent of the COVID-19 pandemic." Moderate ... |
Saudi cement sector reports positive 1Q2017 April 2020, Published under Cement NewsDespite the ongoing coronavirus pandemic, the Saudi cement sector has reportedly seen a 33 per cent YoY average increase in cement market volumes during the 1Q20, according to an Al Rajhi Capital report. Qassim Cement saw the highest growth at 53 per cent, followed by Yanbu Cement and Yamama Cement with rises of 43 and 38 per cent, respectively. However, restrictions imposed by the government have resulted in project delays, which may directly impact cement demand and cause under-uti... |
JK Lakshmi Cement seeks government approval to resume its Indian production17 April 2020, Published under Cement NewsJK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time. The company has put in place the required safety measures for the workers and employees at the plants in... |
Siam City to wind down production at Saraburi17 April 2020, Published under Cement NewsThailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual consent. |
CMIC president warns that workers may soon lose salary17 April 2020, Published under Cement NewsThe national president of the Mexican Chamber of the Construction Industry (CMIC), Eduardo Ramírez Leal, has warned that the minimal operation of smaller construction companies will result in around 500,000 workers in the sector losing income at the end of April. "In the next 15 days, it's when a lot of workers are no longer going to be getting paid because their employers won't have to pay them," said Mr Leal. The chamber represents 12,000 construction companies across the country. "I... |