Spain’s cement demand edges down in February
Cement demand in Spain slipped 0.5 per cent YoY to 1,171,084t in February 2020, according to Oficemen, the country’s cement association. In the first two months of 2020, ceme...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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China Shanshui Cement records 20% revenue increase
China Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increase...
Udaipur Cement of India shuts plant due to Coronavirus epidemic
Udaipur Cement Works Ltd (UCWL) of India has informed Bombay Stock Exchange (BSE) on 23 March that operations of the company's plant at Udaipur have been temporarily closed un...
Fauji Cement's chairman resigns
Fauji Cement Co Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that Lt Gen Syed Tariq Nadeem Gilani, (Retd) has resigned from his position as director and chairman of FC...
Shree Cement to shut all production facilities in Rajasthan
India’s Shree Cement has announced that it is undertaking measures to shut down all of its Rajasthan-based plants until 31 March 2020, or further notice, according to a stateme...
Al Jouf Cement returns to profit
Saudi-based Al Jouf Cement has reported a net profit after zakat and tax of SAR5.3m (US$1.41m) in 2019 when compared with a loss of SAR39.5m in 2018. The company saw sales r...
Dalmia Bharat announces share buy-back scheme
The board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m). It intends to buy no more than 71,42,857 shares at a maximu...
Republic Cement and Nestlé expand green cooperation
Republic Cement and Nestlé Philippines will be expanding their Plastic Neutrality Initiative to further reduce plastic waste in the country as the cement producer will co-proce...
Anhui Conch Cement posts 13% increase in net profit for 2019
China’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced...
Argos reports 11% rise in revenues in 2019
On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year end...
Holcim, Cemex suspend Luzon output
Holcim and Cemex have suspended production at their operations in Luzon, the Philippines, to comply with social distancing and quarantine measures put in place by the country’s...
PPC Zimbabwe reports 15-20% volume drop
PPC Zimbabwe has reported a fall of 15-20 per cent in volumes for the 11 months ended February 2020 due to the country’s economic environment, reports the Zimbabwe Mail. Howeve...
AfriSam call for fair market conditions over imports
Speaking after AfriSam’s Annual National Budget breakfast event held in Sandton recently, AfriSam CEO, Rob Wessels emphasised the need for fair competition in the cement sector...
Coronavirus uncertainty likely to flatline Indian cement prices
Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sec...
Clinker imports into Bangladesh up 4%
The import of clinker into Bangladesh has increased by 3.6 per cent in the first seven months of the FY19-20, according to data released by the Central Bank of Bangladesh. Clin...
Caribbean Cement resumes exports to Cuba
Caribbean Cement Co Ltd increased its export sales threefold YoY in 2019, including markets such as Guantánamo Bay, Cuba. While CCCL’s 2019 annual report did not name Guantán...
Cement industry and the COVID-19 crisis
This week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 ...
Titan records 8% advance in revenue for 2019
Greece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increa...
Indonesia: sluggish local demand in February as export conditions to China deteriorate
The Indonesian Cement Association (ASI) noted the rate of YoY decline in national cement consumption has slowed to -0.1 per cent in February from January's position, which was ...
HeidelbergCement confirms positive 2019 results
HeidelbergCement has confirmed the positive preliminary results for 2019 it published last month , thereby concluding the business year successfully. "Although the environme...
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