Cement News tagged under: Weekly Newsletter
Caribbean Cement forecasts 10-20% sales decline in 202003 June 2020, Published under Cement NewsJamaica-based Caribbean Cement expects its annual sales to drop 10-20 per cent this year, due to the effects of the COVID-19 pandemic. "The forecast we are seeing is a 10 to 20 per cent decline in annual terms," said Yago Castro, general manager. "We are factoring the first quarter which was normal, but the second quarter we saw a drop by one-third, and the third quarter we are also expecting a decline when compared with last year," he said. Sales were down 35 per cent YoY in April and... |
Colombian cement market contracts 76% in April02 June 2020, Published under Cement NewsDispatches of grey cement in Colombia declined 75.6 per cent to 241,900t in April 2020 from 991,100t in April 2019, according to the national statistics office, DANE. Consumption in some of the country’s key cement markets were particularly hit. Sales in Antioquia were down 13.3 per cent, followed by Bogotá (-9.8 per cent), Cundinamarca (-6.8 per cent) and Valle del Cauca (-6.5 per cent) Deliveries to the retail sector fell by 64.5 per cent, while ready-mix concrete companies reduced thei... |
Canadian Cement Association and producers call on President to up infrastructure spending02 June 2020, Published under Cement NewsCanada's cement companies and the Cement Association of Canada (CAC) have written to Prime Minister Justin Trudeau as well as federal ministers to plead for federal government to prioritise construction and strategic infrastructure spending. The letter signed by executives from St Marys Cement, Lafarge Canada, CRH Canada Group, Lehigh Hanson Materials Canada, McInnis Cement and CAC contains a seven point declaration, as follows: • put the construction sector at the core of the COVID-19 Ec... |
Dominican cement demand up 7% in 201928 May 2020, Published under Cement NewsThe Dominican cement market expanded 7.2 per cent YoY to 4.7Mt in 2019. Consumption in 2018 reached 4.3Mta, according to the country’s cement association, Adocem. Output by Dominican cement producers advanced four per cent YoY to 5,644.176t, representing a capacity utilisation rate of 81.5 per cent. “In the current coronavirus pandemic (COVID-19) one of the main challenges to face lies in the need to establish a medium-term construction development horizon, based on the multiplier impact... |
APMC's Rawang plant to close for upgrade programme27 May 2020, Published under Cement NewsAssociated Pan Malaysia Cement (APMC), a wholly-owned subsidiary of Malayan Cement, reportedly released the majority of its employees a few weeks ago, according to The Edge. Furthermore, company operations reportedly stopped last year, after YTL Cement acquired 51 per cent of Malayan Cement. In a response to a request for clarification from The Edge Malaysia, YTL Cement stated: "APMC’s Rawang plant, the nation’s first and oldest cement plant, will be undergoing a MYR200m (US$45.89m) rejuv... |
Holcim Philippines resumes operations27 May 2020, Published under Cement NewsHolcim Philippines Inc has restarted manufacturing and logistics operations with stronger health and safety controls at all its sites nationwide, after pausing cement production in compliance with government quarantine measures against COVID-19. The company started to reopen its plants and terminals in La Union, Bulacan, Manila, Batangas and Davao following the easing by national and local governments of quarantines that started in the second half of March. Holcim's plant in Lugait, Misamis... |
Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY2027 May 2020, Published under Cement NewsTokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc... |
Vietnamese producers faced falling sales in April26 May 2020, Published under Cement NewsVietnam’s cement market contracted 11 per cent YoY and 13 per cent MoM as domestic cement sales reached 5,664,973t in April 2020, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales reached 1,935,056t in April, down 11 per cent YoY and 13 per cent MoM while its affiliates sold 1,569,917t, down 13 and 11 per cent when compared with the volumes in the same period of the previous year and the previous month, respectively. Other cement companies reporte... |
Birla Corp posts 52% rise in net profit26 May 2020, Published under Cement NewsIndia’s Birla Corp has posted a 52 per cent YoY surge in net profit to INR1.95bn (US$25.76m) in the quarter ending 31 March 2020, while total income was down 9.4 per cent to INR17.18bn. Capacity utilisation during the 4QFY19-20 declined to 93 per cent from 98 per cent, on the back of a 13 per cent YoY drop in sales volumes to 3.3Mt. In the FY19-20 net profit advanced 98 per cent YoY to INR5.05bn. Orient Cement Birla Corp subsidiary, Orient Cement, recorded a 29 per cent YoY decline in... |
UltraTech Cement Ltd records net sales of INR105.8bn in 4QFY19-2021 May 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla Group) announced its financial results for the 4Q and full year ended 31 March 2020. 4QFY19-20 Consolidated net sales reached INR105.8bn (US$1.39bn) vis-à-vis INR121.7bn in the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR26.4bn versus INR26.72bn in the year-ago period. Profit after tax was INR32.43bn compared to INR10.64bn in the 4QFY18-19. Full-year results For the full year, consolidated net s... |