Cement News tagged under: coronavirus

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Kenya cement consumption sees 8M20 record high

13 October 2020, Published under Cement News

Kenya's cement consumption for the 8M20 has hit a decade-high of 4.37Mt, according to the Kenya National Bureau of Statistics. Consumption rose by 11 per cent form the 3.95Mt recorded in the same period a year earlier. Kenyan cement consumption has not passed 4.18Mt since 2016 and the rise in 2020 comes during the disruptions of COVID-19. Small-scale construction projects were largely unaffected in Kenya by the pandemic and restrictions imposed in March 2020. Cement consumption in J...

MI Cement Factory postpones expansion plan

12 October 2020, Published under Cement News

The MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m...

Two cement CEOs discuss CO2 reduction

09 October 2020, Published under Cement News

This week the Global Cement and Concrete Association (GCCA) held a plenary session with invited guests Jan Jenisch, LafargeHolcim CEO, Mahendra Singhi, CEO of Dalmia Cement (Bharat) Ltd, and Daniel Balthasar, Norges Bank’s senior portfolio manager and head of Basic Industries & Utilities. Moderated by journalist and broadcaster Gavin Esler, their discussion centred on how cement companies were responding to climate change and how they had managed to engage their staff, stakeholders and custo...

Cemex included in the Fortune 2020 Change the World list

22 September 2020, Published under Cement News

Cemex SAB de CV   has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction.   Fortune recognised Cemex's efforts in social impact business models. One of the   initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID- 19 pandem...

Caribbean Cement may resume exports soon

18 September 2020, Published under Cement News

Jamaica-based Caribbean Cement Co Ltd is awaiting the right conditions to resume cement exports. The Rockfort plant has excess capacity, despite sustained local demand for cement even during the pandemic. "Export is something we will be considering, but it will always come behind the local market, which we prioritise," said General Manager, Yago Castro. "The good thing is that we have some production capacity surplus, so, eventually, if the local market allows us, then we can allocate diff...

Petcoke markets and the cement industry

11 September 2020, Published under Cement News

Conventional fossil fuels account for around 80 per cent of fuels used in cement kilns worldwide, of which petcoke accounts for a 40-45 per cent share. Ahead of the Argus Petcoke Live virtual conference, we share some insights into the petcoke and refining market alongside views from the cement industry and the positive steps it is taking on environmental initiatives. Interview with Steve Weber, VP of Americas Consulting, Argus How has the refining sector been hit by COVID-19 and oil pri...

Cemex commences 'Operation Resilience'

11 September 2020, Published under Cement News

Cemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and European markets as well as in metropolises where market demand is growing.   Fernando A González, Cemex's CEO, said the company will look to grow the profitability of the business through cost reductions and optimising the portfolio through divestments while redeploying its assets in new investments in its core busines...

Gypsum availability and dollar prices impact Dangote Zambia's production costs

09 September 2020, Published under Cement News

Dangote Cement Zambia Ltd (DCZL) says the closure of Chambeshi Metals has deprived the company gypsum for cement manufacture. DCZL CFO, Bright Tembo, also said the depreciation of the kwacha has impacted on costs of imported materials. "The closure of Chambeshi Metals has deprived DCZL of a reasonably priced Gypsum…We have local suppliers who are quoting in dollars and demanding payment in dollars. The depreciation of the kwacha has severely impacted on our costs of imported raw materials,"...

Cemex reaffirms commitment to improving air quality

09 September 2020, Published under Cement News

Following up on the celebration of the United Nations "International Day of Clean Air for blue skies" Cemex has reaffirmed its commitment to the goal of improving air quality in cities and surrounding areas. Cemex has invested over US$280m since 2013 in technology to measure, control, and mitigate the gas and particle emissions in its operations. Through this continuous investment, the company has introduced international standards consistent with the world's strictest emissions regulation...

Ghana sees 4% drop in sales in 1Q20

01 September 2020, Published under Cement News

Total cement sales in Ghana have fallen 3.9 per cent YoY in the first quarter of 2020. The 1Q volume in 2020 reached 814,979t, when compared with 848,259t in the 1Q19. The drop in cement sales has been attributed by the Bank of Ghana due to a slowdown in construction activity due to the coronavirus pandemic. Cement prices in Ghana have been affected by the sharp fluctuations int he Ghanaian cedi in comparison with the US dollar.