Titan posts rise in 5M EBITDA
Titan Group reported a drop in consolidated revenue by 2.1 per cent to EUR641.8m in the January-May 2020 period, following a 6.1 per cent growth in the 1Q20 and a subsequent slo...
Weekly Newsletter
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Saudi Arabia records 10% demand increase in 5M20
Saudi Arabia’s cement sector has reportedly seen a 10 per cent YoY demand growth in the first five months of 2020, according to Al Rajhi Capital. Qassim Cement and Yanbu Cement ...
Vicat sees improved activity in May
France-based cement producer Vicat has provided an update of business levels in May, noting a marked improvement when compared with market performance in March and April. In Fra...
Cement consumption in Vietnam slips 3% YoY in May
Vietnamese cement demand fell by three per cent YoY to 5,680,883t in May 2020, according to the country’s cement association, VNCA. Sales by VICEM saw a two per cent decline to ...
Bangladesh cement producers demand income tax withdrawal
Bangladesh’s cement manufacturers have urged the government to withdraw the advance income tax (AIT) and high customs duty levied on clinker imports in order to ensure the indus...
China's cement production rises 9% YoY in May
Cement production increased to 248.69Mt in May 2020, up 11.3 per cent from April and 8.6 per cent from the corresponding period last year, according to the South China Morning P...
INSEE ramping up output at Galle plant
INSEE Cement will be ramping up production at its Galle cement plant to support the local economy’s fast recovery from the COVID-19 pandemic. The company said in a statement tha...
JK Cement reports 4Q results and receives approval to raise INR2.5bn
India’s JK Cement has reported a 99.9 per cent decline in net profit to INR2.3m (US$30,194) in the final quarter of FY19-20, compared with INR1.5bn in the year-ago period. Net r...
Senegal sees contraction in cement sector
Cement exports from Senegal have fallen by 42.3 per cent MoM in March 2020 while domestic sales slipped by 0.5 per cent, according to ANSD, the national agency for statistics an...
Peru’s cement demand plummets by 69% in May
Cement consumption in Peru fell by 69.1 per cent YoY to 298,300t in May 2020, according to the country’s cement association, Asocem. Cement production fell by 70 per cent to 263...