Dry bulk shipping market likely to start recovery in 2021
The dry bulk shipping market is expected to see significantly more modest levels of growth in the run-up to 2024, according to Rahul Sharan, lead research analyst dry bulk ship...
Covid-19
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Lafarge Africa provides NGN500m intervention fund to alleviate COVID-19 challenges
In response to the COVID-19 pandemic, Lafarge Africa (LafargeHolcim group) has deployed a NGN500m (US$1.28m) intervention fund to provide medical infrastructure, food and essen...
Business as unusual
The global coronavirus pandemic has presented the cement and other economic sectors with considerable challenges. Benjamin Sporton, CEO of the Global Cement and Concrete Associ...
Salonit Anhovo restarts cement production
Slovenian cement producer, Salonit Anhovo (Wietersdorfer Group) has resumed cement operations after 14-day shutdown due to the COVID-19 pandemic that caused reduced demand for ...
Oman enforces anti-dumping measures
Oman’s Ministry of Commerce and Industry has helped introduce screening measures at the country’s border to reduce cement dumping. The anti-dumping measures began in March but ...
Cemex Philippines sees net sales fall 10%
Cemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes de...
Qalaa Holdings records revenues of EGP14.9bn in FY2019
Qalaa Holdings of Egypt has reported total revenues of EGP14.9bn (US$945m), for its consolidated financial results for the year ended 31 December 2019, up 11 per cent YoY. Qal...
Cem'In'Eu prepares start-up of Rhône Ciments
Cem'In'Eu is starting up Rhône Ciments, its second cement plant in Portes-lès-Valence, Drôme region, France. "Moving to Portes-lès-Valence allows us to be in the middle of a ...
Holcim Philippines sees 29% fall in net profit
Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. ...
Holcim Philippines funds local hospitals in COVID-19 fight
To contribute to the Philippine's fight against COVID-19, Holcim Philippines Inc is donating part of its corporate citizenship budget for funds towards medical supplies for ho...