FLSmidth's 2Q20 preliminary report sees 29% decline in order intakes
FLSmidth released its preliminary 2Q20 report ahead of the full interim 2Q20 results due to the volatility in order intake and revenue combined with the suspension of guidance ...
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Japanese cement producers help reduce plastic waste
Japan's cement companies are investing to use more plastic waste as fuel to produce cement. Taiheiyo Cement plans to employ new technology for efficiently making coal from p...
Arabian Cement sees 80% fall in 2Q net profit
Arabian Cement Co reported a net profit of SAR7.6 (US$2) m in the 2Q20, down 79.6 per cent YoY. In the 2Q19 net profit reached SAR37.3m. Revenue declined by 15.2 per cent YoY...
MENA outlook: Egypt and Saudi Arabia market prospects
This week, Cemtech hosted its latest live webinar which considered global market trends and provided an update on the dynamic Egyptian and Saudi Arabian markets in particular. ...
Indian demand expected to fall 25% in FY21
Cement demand in India is forecast to contract by up to 25 per cent in FY20-21 due to the coronavirus lockdown and subsequent specific restriction on construction activities, a...
Hope plant's economic contribution to local economy assessed
Breedon Group has had an assessment of the Hope Cement plant's economic contribution to the local economy. An independent report by global management, engineering and developme...
Suez Cement CEO calls for government to support industry
Jose Maria Magrina, CEO of Suez Cement (HeidelbergCement), has called for the government to set out a plan to rationalise the Egyptian cement market. "There is a large surplus...
Carthage Cement posts 16% drop in 1H revenues
Tunisia-based Carthage Cement has seen its revenues fall 16 per cent to TND102m (US$37m) in the 1H20 due to the stoppage of its operations between 28 March and 28 April 2020. ...
Cemex launches Vertua® low-carbon concrete
Cemex has launched Vertua® a low-carbon concrete range of products designed to offset residual CO 2 and provide a CarbonNeutral® concrete product. Vertuar achieves a 70 per c...
LafargeHolcim launch ECOPact concrete to more territories
LafargeHolcim has launched ECOPact, the industry's broadest range of green concrete, delivering high-performing, sustainable and circular benefits, the company claims. After...
Sharp rise in Indonesian cement demand in June
Cement consumption in Indonesia rose by 29.2 per cent YoY to 4.86Mt in June 2020, according to Widodo Santoso, chairman of the Indonesian Cement Association (ASI). "This is bec...
Holcim Philippines expected to remain within group
Following the lapse of sale agreement with San Miguel Corp earlier this year, Holcim Philippines is now expected to remain within LafargeHolcim, according to the company's CEO,...
Moroccan cement deliveries up 33% in June
Cement sales in Morocco increased 33 per cent MoM in June, according to the Department of Studies and Financial Forecasts of the country’s Ministry of Economy, Finance and Admi...
LafargeHolcim Richmond plant secures biosolids fuel supply
LafargeHolcim has signed a long-term contract with CRD to provide a reliable, steady and safe supply of biosolids to use as fuel in the company's cement manufacturing at the Ri...
LafargeHolcim Bangladesh reports 6% increase in PAT
LafargeHolcim Bangladesh has seen its profit after tax advance 6.2 per cent to BDT843m (US$9.94m) in the first half of 2020, against BDT794m last year. The company has noted ...
Dangote Cameroon appoints new MD
Dangote Cement Cameroon appointed Bertrand Thaïs Mbouck as new managing director, succeeding Abdullahi Baba. In addition to postings within the group, Mr Mbouck has also serv...
Qatar National Cement reports 32% fall in profit
Qatar National Cement has reported a 31.8 per cent YoY decline in net profit to QAR68.3m (US$18.76m) for the first half of 2020, compared to QAR100.1m in the year-ago period. ...
Summit Materials announces 2Q results and new CEO
US-based Summit Materials saw a 24.5 per cent rise in operating income for the second quarter of 2020 to US$100.1m from US$80.4m in the year-ago period. Adjusted EBITDA also ad...
Dominican Republic market contracts 13% in 4M20
Cement sales in the Dominican Republic declined 13 per cent to US$120m in the January-April 2020 period when compared with June 2019. In addition, Dominican cement producers a...
Twiga sees 33% rise in net profit for 1H20
Tanzania Portland Cement (Twiga) has reported a 33 per cent YoY increase in net profit to TZS34.94bn (US$15.05m) in the first half of 2020, against TZS26.19bn in the 1H19. "De...
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