Cement News tagged under: Weekly Newsletter
Peru’s cement demand plummets by 69% in May16 June 2020, Published under Cement NewsCement consumption in Peru fell by 69.1 per cent YoY to 298,300t in May 2020, according to the country’s cement association, Asocem. Cement production fell by 70 per cent to 263,000t in May 2020 when compared with May 2019 but recovered considerably when compared with April 2020 when COVID-19 impacted operations at the country’s cement plants. Clinker output fell 93.9 per cent YoY to 46,000t. Domestic production was supplemented in May 2020 by 32,000t of cement imports, down 35.1 per cen... |
Jan-May exports from Turkey up 37%16 June 2020, Published under Cement NewsIn the January-May 2020 cement and clinker exports from Turkey surged 37 per cent to 9.8Mt, according to the Turkish Cement Manufacturers’ Association (TÇMB). Export revenues advanced by 16.7 per cent YoY to US$447m. Cement exports were up to 4.8Mt while clinker exports rose to 5Mt. While volume increases were across the board, exports to Ukraine showed particularly robust growth, followed by Togo and Romania. The rise in exports surpasses expectations and TÇMB President, Tamer Saka, said... |
South Korean producers sign agreeement to reduce NOx emissions11 June 2020, Published under Cement NewsSouth Korea’s nine cement producers have agreed to work with the Ministry of Environment to lower NO x emissions, according to The Korea Times. Representatives of companies including Sungshin Cement and Hanil Cement, alongside officials from the ministry and the National Institute of Environmental Research, gathered at Ssangyong Cement's factory in Donghae, Gangwon Province, to sign the partnership. Cement production generates the second-highest amount of NO x emissions in the country, ... |
Semen Indonesia Group sees 37% fall in May sales11 June 2020, Published under Cement NewsSemen Indonesia Group (SIG) reported a 36.7 per cent drop in sales to 2,114,125t in May 2020 when compared with 3,338,768t in May 2019. Of this total Semen Indonesia, including SBI, saw sales decline by 38.5 per cent YoY to 1,936,752t (May 2019: 3,149,339t). The company’s domestic deliveries fell by 42.6 per cent YoY to 1,581,892t while exports were down 10.3 per cent to 354,860t when compared with May 2019. In addition, Thang Long Cement Co (TLCC) posted a 6.4 per cent drop in sales to ... |
Start-up of Fancesa project postponed to 1Q2110 June 2020, Published under Cement NewsThe coronavirus pandemic has seen a readjustment of the work schedule of the new plant being built in Sucre, Bolivia, by Fancesa as COVID-19 forced a 70-day quarantine upon the project. Start-up of the cement plant is now expected in the first quarter of 2021. While the project currently stands at 91 per cent completion, the remaining share of the work is the “most complicated”, according to Armin Cortez, chairman of the Board. "It should be remembered that we have had setbacks not only d... |
Brazil's cement demand rises 3% in May09 June 2020, Published under Cement NewsThe Brazilian cement market expanded by three per cent YoY to 4.761Mt in May 2020, according to the country’s cement association, SNIC. Between January-May, dispatches slipped 0.3 per cent YoY to 21,683Mt. The volume of sales per working day was 211,600t, up 9.7 per cent when compared with May 2019 and by 13.7 per cent when compared with April 2019. In the 5M20, sales per working day edged up 0.9 per cent YoY. While building material stores fell sharply in March, they have since recovere... |
BUA Cement posts 25.1% rise in revenue08 June 2020, Published under Cement NewsBUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY from NGN17.4bn to NGN20.1bn in the 1Q20, while profit after tax reached NGN19.8bn – a 26.2 per cent YoY increase from NGN15.7bn. Discussing the results, Yusuf Binji, Managing Director/CEO of BUA Cement, said the excellent performance in the 1Q financial results amid the outbreak of the COVID-19 pandemic is yet anothe... |
Turkish cement exports to Georgia fall by 53% in April08 June 2020, Published under Cement NewsCement exports from Turkey to Georgia fell by 8.2 per cent between January-April 2020, compared to the same period of 2019, amounting to US$12.8m. In April 2020, cement exports to Georgia fell 52.9 per cent YoY to US$1.5m. Turkey's export of cement to international markets was stable at US$1.1bn in the first four months of 2020, equal to the same period of 2019. The country's cement exports amounted to 2.2 per cent of its total exports over the reporting period. The export of cement to int... |
China's cement output recovers lost ground04 June 2020, Published under Cement NewsCement production in China fell 14.4 per cent YoY to 520.949Mt in the first four months of 2020. However, monthly output has rebounded strongly from its decline in February and March, with production in April reaching 223.469Mt, up 3.8 per cent YoY. Demand in the 1H20 is expected to decline 6-8 per cent, based on a survey carried out in April by International Cement Review assessing the global impact of the COVID-19 pandemic. Following government measures to unlock the economy in March... |
Eagle Materials posts record revenue in FY19-2004 June 2020, Published under Cement NewsUS-based Eagle Materials has reported a record revenue of US$1.45bn in the FY19-20, up four per cent from US$1.39bn in the previous fiscal year. Net earnings climbed three per cent YoY to US$70.89m from US$68.86m, while adjusted EBITDA edged up one per cent to US$471.5m. The company posted record revenue of US$315.4m in the final quarter of FY19-20, up 11 per cent from US$284.7m in the 4QFY19-20. Adjusted EBITDA increased 14 per cent YoY to US$103.4m. "Having achieved record results in fis... |