Encouraging developments for Pakistan's cement industry
Pakistan's cement industry saw several encouraging development last week, including the news about the implementation of Diamer Basha Dam project, reduction of interest rates b...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Paraguay sees unexpected uptick in demand
Paraguay-based Industria Nacional del Cemento (INC) saw an unexpected surge in demand between 4-8 May 2020 with average sales of 79,755 bags/day as distribution companies colle...
Georgian producers seek support to stop cement dumping
Georgian cement producers have called for government support regarding the influx of cement imports into the country. The country’s producers stated that Turkey is a signifi...
Udaipur Cement Works records 207% surge in EBITDA
India’s Udaipur Cement Works has reported an 18.4 per cent increase in total income to INR6.85bn (US$90.2m) for the financial year ending 31 March 2020, compared with INR5.79bn...
Hoffmann Green Cement Technologies appoint Ile-de-France region promoter
Hoffmann Green Cement Technologies, a low-carbon cement producer, thas announced the appointment of François de Gliniasty as Technical and Commercial Promoter for the Ile-de-Fr...
BCMA reports 46% fall in domestic cement sales
The current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement M...
Puerto Rican cement sales decline 61% in April
Sales of cement in Puerto Rico fell 55.1 and 60.6 per cent in March and April 2020, respectively, according to the country’s Instituto de Estadísticas. In March 2020 526,500 ...
Boral announces new measures to control inventory levels
The chief executive of Australia’s Boral Ltd, Mike Kane, has commented on the reduction of new orders in the Australian and US construction industries, and also announced new m...
Ciments de Bizerte sees turnover rise in 1Q20
Tunisia’s Ciments de Bizerte has seen an 18.7 per cent rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turn...
Lafarge Cement Zimbabwe Ltd expects 30% decline in cement volumes in 2Q20
Lafarge Cement Zimbabwe Ltd said business volumes had declined considerably due to low demand amid the COVID-19 pandemic. The LafargeHolcim subsidiary said the lockdown will h...
Tabuk Cement sees rising profit in 1Q
Saudi-based Tabuk Cement posted a rise in net profit after zakat and tax to SAR28.91m (US$7.7m) in the 1Q20, from SAR3.63m a year ago. Sales in the 1Q20 advanced by 42.9 per ...
Beni Suef Cement sees 101% surge in net profit
Egypt’s Misr Beni Suef Cement has reported a 101 per cent YoY increase in net profit to EGP59.37m (US$3.77m) in the first quarter of 2020, compared to EGP29.53m in the correspo...
Southern Province Cement 1Q profit up
Saudi cement producer Southern Province Cement Co reported a net profit after zakat and tax of SAR183m (US$48.8m) for the first quarter of 2020, up 52.5 per cent from SAR120m i...
Titan successfully navigates pandemic in first quarter
This week Titan Group released its 1Q2020 business results which saw the group's revenues rise by 6.1 per cent to EUR384.8m , compared to 1Q19. ICR looks a little closer now a...
Indonesian cement market contracts 6% in April
Cement consumption in Indonesia fell by 6.3 per cent YoY in April 2020 to 4.514Mt from 4.816Mt In April 2019, according to data published by the Indonesian Cement Association (...
Eagle Cement Corp net profit falls 25% in 1Q20
The Philippines' Eagle Cement Corp saw a 25 per cent YoY fall in first quarter net profit to PHP1.2bn (US$23.6m) as construction activities were halted in mid-March as part of ...
Chilean cement demand drops 7% in 1Q20
After remaining largely stable at 332,905t in February 2020 when compared with February 2019, Chile’s cement market contracted by 13.6 per cent YoY in March to 344,098t from 3...
Egyptian cement demand falls almost 10% in April
The Egyptian cement industry's sales volumes for April, excluding exports, dropped 9.7 per cent MoM and 13.4 per cent YoY. Moreover, local sales witnessed almost the same level...
Asia Cement Corp sees 32% decline in revenue
Taiwan’s Asia Cement Corp has posted a 32.2 per cent decline in revenue to TWD13.14bn (US$439.2m) in the first quarter of 2020, compared with TWD19.39bn in the year-ago period....
AfriSam now permitted to supply certain customers
As South Africa has lowered its national coronavirus lockdown to Level 4, the supply of cement and other construction materials can now reach specific markets, according to Eng...
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