Petcoke markets and the cement industry
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 Petco...
Covid-19
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Gypsum availability and dollar prices impact Dangote Zambia's production costs
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...
Cemex reaffirms commitment to improving air quality
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 i...
Spain: drivers for development
In 2019 Spanish cement consumption registered its third consecutive year of recovery but the impact of COVID-19 has now brought fresh uncertainty. Despite the demand situation,...
Ghana sees 4% drop in sales in 1Q20
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 d...
CRH revenues expected to recover in 3Q20
Following the release of CRH's 2020 interim results last Friday, ICR now takes a deeper look at what the underlying trends have been for the company's trading performance durin...
FLSmidth's revenue guidance for 2020 is DKK15.5-17bn
FLSmidth's revenue in 2020 is forecast to be DKK15.5bn-17bn (US$2.48bn-2.72bn), says the company. EBITA margin is expected to be 4.5-6 per cent, which takes into account around...
Bangladesh producers seek advanced income tax refund of BDT7500m
Bangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recove...
JSW Group to merge its distribution and supply chain segments
India’s JSW Group has announced plans to merge the distribution and supply chain operations of its steel, cement and paint businesses in India for better synergies and to save ...
Adelaide Brighton returns to profit in the 1H20
Australia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. ...