Cement News tagged under: coronavirus

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Udayapur Cement Industries resumes operations

01 June 2020, Published under Cement News

Udayapur Cement Industries Ltd of Nepal has resumed operation after the company's closure due to COVID-19 restrictions. According to the company's Administration Chief, Ram Bahadur GC, Udayapur Cement, which had been shut following the government-imposed nationwide lockdown to control the spread of coronavirus, has restarted production of clinker from 29 May. "We had to close both production and sale for as long as 68 days due to the pandemic, but as the crisis seems to be easing now, we’...

Dangote Cement sees sales slow in 1Q20

29 May 2020, Published under Cement News

This week Dangote Group reported its 1Q20 results, which saw group sales volumes decline by 0.6 per cent with the onset of the coronavirus in March. ICR now looks deeper at the regional breakdown of the company’s results. The domestic Nigerian market saw temporary restrictions imposed only in the last week of for the COVID-19 outbreak and therefore,  cement volumes were not much affected in the 1Q20.  However, sales volumes in April were trending lower. Still, Dangote estimates consumption ...

US cement market expands 5% in March

29 May 2020, Published under Cement News

Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico advanced 5.1 per cent YoY to 7.7Mt in March 2020, according to the US Geological Survey (USGS). The leading consuming states in the US were Texas, California, Florida, Georgia and North Carolina, with a combined share of 45 per cent of March shipments. In terms of output, Texas, California, Missouri, Florida and Alabama were the top five states. No plant closures or idlings due to the coronavirus...

Cement exports from Pakistan drops due to COVID-19 in 10MFY20

28 May 2020, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the 10 months of July 2019 to April 2020. It visibly carries the impact of coronavirus on the cement industry in the country.   Pakistan's cement industry has earned export revenue of US$223.20m by exporting 5.949Mt of cement and clinker in 10MFY19-20, compared to US$243.12m from 5.738Mt of exports in the year-ago period. This represents a 8.2 per cent decline in terms of value in dollars, but adds a grow...

IRClass cement carrier launches in China

28 May 2020, Published under Cement News

A cement carrier under construction at Penglai Zhongbai Jinglu Ship Industry Co Ltd, China, was successfully launched on 30 March 2020. The vessel, called ‘Advaita’, has been built under the classification of Indian Register of Shipping (IRClass). IRClass surveyors braved the constantly-changing scenario of both global and local restrictions due to COVID-19 and immense challenges including movement of manpower, to ensure the float happened as scheduled. Advaita, is approximately 160m long,...

Holcim Philippines resumes operations

27 May 2020, Published under Cement News

Holcim Philippines Inc has restarted manufacturing and logistics operations with stronger health and safety controls at all its sites nationwide, after pausing cement production in compliance with government quarantine measures against COVID-19. The company started to reopen its plants and terminals in La Union, Bulacan, Manila, Batangas and Davao following the easing by national and local governments of quarantines that started in the second half of March. Holcim's plant in Lugait, Misamis...

Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY20

27 May 2020, Published under Cement News

Tokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc...

Birla Corp posts 52% rise in net profit

26 May 2020, Published under Cement News

India’s Birla Corp has posted a 52 per cent YoY surge in net profit to INR1.95bn (US$25.76m) in the quarter ending 31 March 2020, while total income was down 9.4 per cent to INR17.18bn. Capacity utilisation during the 4QFY19-20 declined to 93 per cent from 98 per cent, on the back of a 13 per cent YoY drop in sales volumes to 3.3Mt. In the FY19-20 net profit advanced 98 per cent YoY to INR5.05bn. Orient Cement Birla Corp subsidiary, Orient Cement, recorded a 29 per cent YoY decline in...

Cemex amends consolidated financial leverage limits

26 May 2020, Published under Cement News

As part of a strategy to respond to the effects of the coronavirus pandemic, Cemex has amended its main banking contract to modify the limits of its consolidated financial leverage. Its leverage limit will increase to 6.75x by June 2020 and to 7.00x from September 2020 to March 2021, before decreasing again at a later date. "At the end of the first quarter of 2020, Cemex reported a consolidated financial leverage ratio of 4.40x," said the company.

Ciments du Maroc sees turnover down 10% in 1Q20

22 May 2020, Published under Cement News

Ciments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market.  The company’s turnover declined 9.8 per cent YoY to MAD869m. Investments in the 1Q20 reached MAD14.8m, up 43.4 per cent when compared with the 1Q19.