Fauji Cement posts FY2020 loss of PKR59m
Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnes...
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Cemex España seeks authorisation for Cemex Latam public offering
Cemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Lata...
Portland and blended cement market in US and Puerto Rico expands 11% in June
Total shipments of Portland and blended cement in the USA and Puerto Rico advanced 11 per cent to 10.1Mt in June 2020 when compared with June 2019, according to the US Geologic...
Cement dispatches in Pakistan improve in August but fall MoM
Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019. However, a reverse trend of 27.2 per cent was note...
Tourah Cement loss contracts 67% in 1H20
Tourah Cement reported a 67 per cent fall in net losses to EGP-151.97m (US$-9.6m) in the 1H20 when compared with EGP461.25m reported in the 1H19, according to Mubasher. Howev...
New inland waterway receives first cement consignment
The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached...
Suez Cement consolidated losses increase in 1H20
Egypt-based Suez Cement sales decreased to EGP2.7bn (US$170.9m) during the January-June 2020 period, down from EGP3.3bn in the 1H19. The company’s consolidated financial stat...
Taiwan Cement to provide carbon footprint labels on cement in 4Q20
Taiwan Cement Corp (TCC) has taken a leap forward in its efforts to reduce its carbon emissions by providing the first carbon footprint label for cement in Taiwan. TCC's produc...
Decarbonising the cement industry
This week over 40 leading cement and concrete companies, gathered under the umbrella of the Global Cement and Concrete Association (GCCA), unveiled the industry's '2050 Climate...
Moroccan market expands 19% in August
Cement consumption in Morocco increased 19.4 per cent YoY to 865,681t in August 2020 from 725,359t in August 2019, according to data published by the country’s Ministry of Urba...
CIMAF Gabon inaugurates second line
Ciments d’Afrique (CIMAF) Gabon has inaugurated its second production line at the Owendo plant. The 0.35Mta line will lift the plant’s total capacity to 0.85Mta after an invest...
Yguazú Cementos recommences output but shortage remains
Paraguay-based Yguazú Cementos SA has restarted production and while operating at full capacity, the cement shortage in the Latin American country currently persists. The compa...
West China Cement to raise US$102m in private placement
West China Cement Ltd has announced to raise CNY700m (US$101.9m) in a second tranche of private placement of medium-term notes to investors in China. The tranche has a term o...
Argos supplies Túnel de la Línea mega-project in Colombia
Colombia-based Argos has supplied up to 0.7Mm 3 of specialised and high-resistance ready-mix concrete and more than 220,000t of cement for the Túnel de la Línea. To supply the...
Odisha clears two cement capacity expansion projects
India’s Odisha state government has cleared two proposals for the expansion of cement grinding capacities. It gave the go-ahead for JSW Cement’s 1.2Mta expansion and Jajpur Cem...
Manaus cement plants face watchdog warning
Two cement plants in Manaus, Brazil, have received warnings from Procon, the consumer watchdog in the state of Amazonas. The organisation has requested clarification regarding ...
Ethiopia invites private sector to address cement shortage
To end the chronic shortage of cement in the market, Ethiopia’s Ministry of Trade and Industry has prepared a new guideline to introduce the private sector to the supply chain....
EAPC restructuring enters final phase
The restructuring of East African Portland Cement Co (EAPC)’s human resources in Kenya is entering its final phase with 270 employees seeing their permanent contracts converted...
LafargeHolcim orders new grinding line for Zimbabwe
LafargeHolcim's new modular grinding line for Manresa will be commissioned in 2021 LafargeHolcim Zimbabwe has ordered a new modular grinding line for its Manresa...
Germany's VDZ extends cautious outlook
Speaking about the development of the German cement market, Christian Knell, president of Germany's cement association VDZ, says "It has rarely been so difficult to make a fore...
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