ACC sees net profit fall 7% in 1Q20
India’s ACC (LafargeHolcim) has seen its consolidated net profit fall 6.6 per cent YoY to INR3.23bn (US$42.13m) in the first quarter of 2020. Its net sales decreased 10.8 per c...
Covid-19
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Bestway Cement donates PM's Corona Fund
Muhammad Irfan A Sheikh, CFO of Bestway Cement Ltd, met Pakistan's Prime Minister, Imran Khan on 20 April and contributed PKR205m (US$1.28m) in PM's Corona Fund on behalf of th...
Tyre burning project for Caribbean Cement put on hold
The coronavirus pandemic has halted a key project for Caribbean Cement Co to remove and incinerate between 1.5-2m tyres from the Riverton City landfill. A memorandum of unders...
Coronavirus impacts Pakistani cement trade
The exports of clinker and cement from Pakistan to Afghanistan, Bangladesh, Sri Lanka and rest of the world have been impacted by the lockdown, curfew and other measures to sto...
Attock Cement resumes production at Hub
Attock Cement Pakistan Ltd has informed Pakistan Stock Exchange Ltd (PSX) on 20 April that subsequent to the partial removal of the lockdown by Federal and Provincial Governmen...
Fauji Cement 9M profit drops 88%
Pakistan-based Fauji Cement Co Ltd (FCCL) saw its 9MFY19-20 profit, for the period ended 31 March 2020, fall 88 per cent to PKR271m (US$1.7m) when compared with the year-ago pe...
Peru's cement producers see impact of COVID-19 crisis
The energy demand of Peruvian cement mills has reportedly fallen more than 90 per cent in recent weeks due to lower utilisation rates as a result of the COVID-19 pandemic. "...
Indian manufacturers prepare to resume production
India’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating proc...
US cement consumption to drop 30.9 per cent in second quarter
The US cement consumption will drop 30.9 per cent in second quarter, according the Ed Sullivan, Chief Economist, Portland Cement Association (USA). Sullivan was speaking during...
China’s cement industry expected to lead economic recovery
An accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the s...