Cement News tagged under: coronavirus
DG Khan suspends operations at Kofli Sattai and Khairpur plants30 March 2020, Published under Cement NewsIn view of the measures to fight the spread of COVID-19 including the current lockdown by the authorities, Pakistan-based cement producer DG Khan will temporarily suspend the plant operations at Kofli Sattai, Dera Ghazi Khan, and Khairpur, Chakwal, in Punjab, with immediate effect, said the company in a Pakistan Stock Exchange filing. The two plants have a total production capacity of 4.22Mta. State support Meanwhile, Pakistan Prime Minister Imran Khan reiterated that he is against the c... |
Grupo Argos to cut costs by nearly US$245m in 202030 March 2020, Published under Cement NewsColombia’s Grupo Argos, parent of Cementos Argos, is expected to defer investments and cut spending by nearly COP1trn (US$245m) this year, amid uncertainty about the economic impact of the coronavirus, according to Reuters. The group will postpone investments of COP700bn and cut costs by COP250bn. The measures will hit certain expansion projects, as the company looks to protect jobs and ensure its sustainability. "Today we have taken measures to postpone investments ... they haven't b... |
LafargeHolcim implements coronavirus action plan27 March 2020, Published under Cement NewsLafargeHolcim has announced the implementation of its action plan regarding the coronavirus pandemic, stating that it is closely monitoring all markets and the guidance provided by the authorities in each country. "In China, the recovery of the construction sector has started and all our plants outside of Hubei Province are operating. We forecast the market demand to further recover and to supply 70 per cent of last year’s volume in April 2020. In most of the other key markets, the constr... |
NPC goes into lockdown to stop spread of coronavirus27 March 2020, Published under Cement NewsSouth Africa-based NPC, part of the InterCement group, has announced the shutdown of its industrial operations and commercial activities following the 21-day complete country lockdown announced by the country’s government to halt the spread of COVID-19. The company expressed in a letter its support for the government’s actions and encouraged the community to follow the lockdown rules and was confident it would overcome the challenge together. NPC operates 1.8Mta of cement capacity in a... |
Chinese cement prices recover as work restarts27 March 2020, Published under Cement NewsCement prices in China have shown signs of recovery as works in the country resume, according to Xinhua-run Shanghai Securities News. Cement producers in the northwest announced a price increase of their cement products by CNY20-64/t (US$2.82-9.03/t). In the eastern province of Zheijiang some cement products are also had prices increased by CNY10/t. In addition, there have been reports of various parts of the cement industry supply chain gradually recovering. As of March 20, the operating... |
Attock temporarily closes doors amid COVID-1927 March 2020, Published under Cement NewsPakistan’s cement industry has been impacted by measures taken by federal and provincial governments to stop the spread of the coronavirus in the country. Attock Cement Pakistan Ltd has informed the Pakistan Stock Exchange in accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of P5X Regulations: “In view of the prevailing lock down announced by the Governments of Sindh and Balochistan in order to control the spread of COVlD-I9, the management of Attock Cement Pakistan... |
Breedon announces COVID-19 mitigation measures27 March 2020, Published under Cement NewsBreedon Group, based in Great Britain and Ireland, has announced a series of measures that it will undertake to mitigate the impact of COVID-19. "In light of recent government measures, and to ensure the safety and wellbeing of our colleagues, subcontractors, customers and communities, we have decided temporarily to suspend production at our UK sites, with the exception of our Hope cement plant and those of our operations which serve critical supply needs. During the course of this week we ... |
Cemex announces temporary closures in Colombia and Panama27 March 2020, Published under Cement NewsCemex has announced that its Colombian subsidiary will temporarily suspend production from 25 March, following a decree relating to the coronavirus pandemic. Certain activities may resume on or before 13 April, if permitted. In addition, following measures implemented by the authorities in Panama, Cemex will also temporarily stop production and related activities in the country. |
Punchlist: cement plant readiness for the COVID-19 pandemic26 March 2020, Published under Cement NewsToday we publish a punchlist of immediate responses that cement plants and businesses should take into account to enhance readiness in the context of the ongoing COVID-19 pandemic. Longer-term preparations and planning to promote readiness for such a pandemic are also considered. Immediate responses Follow the instructions and requirements of their local government Strongly promote personal hygiene and regular handwashing and sterilising in the cement plant Make additional fac... |
Buzzi Unicem sees 12% rise in sales, stable net profit in 201926 March 2020, Published under Cement NewsItaly-based Buzzi Unicem reported a 12.1 per cent rise in net sales in 2019 to EUR3.221bn in 2019, up from EUR2.874bn. The company posted a 4.3 per cent YoY rise in cement sales to 29.122Mt in 2019 while ready-mix sales remained stable at 12.1Mm3 over the same period. EBITDA surged to 26.1 per cent to EUR728.1m in 2019 while recurring EBITDA saw a 23.9 per cent jump to EUR704.4 when compared with the previous year. Net profit advanced by 0.8 per cent to EUR385.9m and consolidated net profit ... |