Cement News tagged under: Weekly Newsletter
Lafarge Cement Zimbabwe ordered to shut plant by EMA18 August 2020, Published under Cement NewsThe Environmental Management Agency ordered Lafarge Cement Zimbabwe (LafargeHolcim group) to close its 0.45Mta Manresa plant last week, because of abnormal dust discharges. Lafarge Cement Zimbabwe said it experienced an unexpected surge in dust emissions during a trial of alternative fuel in the plant between July 30 and 1 August, adding that immediate action was taken to control and contain the emissions and the incident was reported to EMA in line with regulatory requirements. It is under... |
Votorantim Cimentos 2Q20 cement sales edge up17 August 2020, Published under Cement NewsVotorantim Cimentos released its results for the 2Q20, announcing that the company’s cement sales volumes reached 7.5Mt, up 0.3 per cent on the 7.4Mt sold in the 2Q19. Net revenues reached BRL3876 (US$717.21m), up 18 per cent on the 2Q19 when it totalled BRL3298m. EBITDA amounted to BRL735m up from BRL491m in the 2Q19. Consolidated net revenues totalled BRL3.9bn in the 2Q20, an 18 per cent increase when compared to the same period of 2019, mainly explained by better volumes and prices in Vo... |
Bangladesh's cement sector sees signs of recovery in demand17 August 2020, Published under Cement NewsPremier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector had been reeling from the unprecedented collapse in demand in April and May because of the pandemic, which hammered activity and brought the construction sector to a grinding halt. However, activity has begun to pick up and are now back almost to the pre-pandemic level in June and July. "The economic front of a develo... |
Twiga Cement to increase cement capacity in Tanzania14 August 2020, Published under Cement NewsTwiga Cement's Head of Commercial Cluster East, South and Central Africa, Yves Mataigne, says the company will invest TZS34bn (US$14.6m) this year and TZS33bn (US$14.1m) in 2021 to support Tanzania's drive for infrastructure projects. "Implementation of the mega projects has made us rethink about our production capacity as we see an opportunity for growth," Mr Mataigne said. Twiga Cement (HeidelbergCement group) has invested TZS105bn over the last five years in modernising its operatio... |
PPC considers restructuring and refinancing options14 August 2020, Published under Cement NewsFollowing reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders before taking any action. It also noted that its requirement to restructure and refinance the group was primarily a result of its investment in PPC Barnet (Democratic Republic of Congo), according to Business Day. While the company was considering a rights issue, the timing and size of it is dependent on several factors... |
Brazil's cement market expands in July but outlook uncertain12 August 2020, Published under Cement NewsCement sales in Brazil increased 18.9 per cent YoY to 5.9Mt, according to the country's cement association, SNIC. Cement sales per working day edged up 2.4 per cent MoM. It follows a recovery first noted in the second quarter of the year following reduced consumption in January and February due to heavy rains and COVID-19 lockdown measures in March. Private self-construction has benefitted from the drive to transform homes into places of work while SMEs have decided to carry out maintenan... |
Taiheiyo Cement's operating profit rises 17% YoY12 August 2020, Published under Cement NewsJapan’s Taiheiyo Cement announced a 41.8 per cent YoY decline in net profit to JPY3.2bn (US$29.96m) for the quarter ending June 2020. However, operating profit advanced 17.1 per cent YoY to JPY7bn while sales edged downwards by three per cent to JPY200.5bn. The cement sales volumes for its China business decreased due to the impact of COVID-19. |
Two Fijian cement companies issued stop order12 August 2020, Published under Cement NewsTwo cement factories were closed in Fiji last week after being issued a stop order by the Department of Environment, according to the Fiji Sun. The stop order was reportedly the result of public pressure from residents and businesses of Lami over poor clinker containment measures. Pacific Cement and Tengy Cement, both based in Lami, must therefore rectify these containment measures as part of conditions to reopen. General Machinery, which transports clinker for the two companies, was ... |
Loma Negra sees 30% decline in revenue for 2Q2012 August 2020, Published under Cement NewsArgentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down 24.6 per cent to ARS2077m, while the margin climbed from 25.8 to 27.9 per cent. "Cement demand in Argentina in the second quarter contracted around 32 per cent YoY and around four per cent when compared sequentially with the previous quarter. Taking a closer look on the behaviour of our demand, we observed that the in... |
Shree Cement sees 14% fall in net profit12 August 2020, Published under Cement NewsIndia’s Shree Cement has seen a 13.5 per cent YoY fall in net profit to INR3.3bn (US$44.17m) for the June quarter of FY20-21, compared with INR3.82bn in the year-ago period. Revenue also declined 24 per cent to INR24.8bn from INR33.02bn. However, expenses also decreased 25 per cent to INR21.63bn due to lower raw materials costs. The company’s EBITDA dropped 22 per cent YoY to INR7bn, while EBITDA/t finished at INR14.22bn. |