BUA Cement posts 25.1% rise in revenue
BUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY...
Covid-19
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Return to prosperity forecast for Pakistan's cement sector
Pakistan's cement industry is likely to prosper in the coming months, due to some positive developments at the local and international level, anticipated by three of Pakistan's...
African cement escapes the pandemic; structural issues remain
Cemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika...
UltraTech Cement reduces capex plans to INR10bn in FY20-21
India’s UltraTech Cement has announced that it will be restricting its capital expenditure plans to INR10bn (US$132.42m) during the current fiscal year, following the disruptio...
HeidelbergCement announces EUR0.60 dividend per share at AGM
HeidelbergCement held its 131st Annual General Meeting (AGM) yesterday with around 1000 people following the live transmission on the Internet. Prior to the AGM shareholders su...
Pakistan dispatches drop in May, slip in 11MFY19-20
All Pakistan Cement Manufacturers Association (APCMA) released local/overseas dispatches data for May and the 11MFY19-20. May 2020 Total cement dispatches (domestic + exp...
Caribbean Cement forecasts 10-20% sales decline in 2020
Jamaica-based Caribbean Cement expects its annual sales to drop 10-20 per cent this year, due to the effects of the COVID-19 pandemic. "The forecast we are seeing is a 10 to...
Malaysia – finding its resolve
Within southeast Asia, Malaysia represents one of the largest consumers of cement per capita. The lacklustre demand trends seen in the past 4-5 years were forecast to ameliorat...
Canadian Cement Association and producers call on President to up infrastructure spending
Canada's cement companies and the Cement Association of Canada (CAC) have written to Prime Minister Justin Trudeau as well as federal ministers to plead for federal government ...
Impact of COVID-19 on global cement markets
Over the course of just a few months the impact of the COVID-19 pandemic has changed the global cement market landscape completely and, as the situation continues to unfold, vi...