Bracing for an uncertain future
Despite being a general election year, Indian cement demand growth unexpectedly stagnated for most of 2019. Furthermore, the ongoing COVID-19 crisis further restricted demand i...
Covid-19
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Anhui Conch's 1H20 profit rises 5.3%
Anhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 p...
PCA's US cement consumption regional forecast review
This week ICR looks at the regional briefings that the Portland Cement Association (PCA) has given for the economic and cement demand outlook in the USA, following COVID-19. ...
Votorantim Cimentos 2Q20 cement sales edge up
Votorantim Cimentos released its results for the 2Q20, announcing that the company’s cement sales volumes reached 7.5Mt, up 0.3 per cent on the 7.4Mt sold in the 2Q19. Net reve...
Bangladesh's cement sector sees signs of recovery in demand
Premier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector ...
Namibia’s cement sales affected by COVID-19
The lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public ...
Cement demand falls for SCG
Siam Cement PCL reported a profit of THB9384m (US$301.6m) in the 2Q20, or a 35 per cent rise in earnings QoQ and 33 per cent YoY, bolstered by its chemical business performance...
Pakistan cement production witnessed a mixed trend in FY19-20
The output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the ...
Loma Negra sees 30% decline in revenue for 2Q20
Argentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down ...
Arkan Building Materials sees profits decline to AED2.1m in 1H20
Arkan Building Materials reported 1H20 profits declining to AED2.1m (US$571,818) as construction activity became disrupted in UAE due to the pandemic. Last year the company rep...