Cement News tagged under: Weekly Newsletter
LafargeHolcim's net sales fall to CHF5.293bn in 1Q2001 May 2020, Published under Cement NewsLafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ... |
Vietnamese cement dispatches slip in March29 April 2020, Published under Cement NewsVietnamese producers supplied 6,508,053t of cement to the domestic market in March 2020, according to the Vietnam National Cement Association (VNCA). This represents a decrease of one per cent YoY but a 55 per cent MoM rise. VICEM sales in March 2020 fell five per cent YoY but rose 61 per cent MoM to 2,224,216t while deliveries by its affiliates saw a nine per cent YoY drop and 50 per cent rise MoM to 1,773,837t. Other cement companies supplied 2,510,000t, up nine and 53 per cent YoY and M... |
Namangan Cement launches construction of second line29 April 2020, Published under Cement NewsUzbekistan's Namangan Cement LLC has launched the construction of a second line at its facility in Namangan, Chust district. The company was founded in 2019 and produces 200,000tpa of cement from the first stage of production. After the second stage is commissioned, the facility’s capacity will rise to 1.1Mta. The new line is expected to be launched at the end of 2021, according to Uzbekistan’s National News Agency. The project will be implemented with US$14m of the company's own funds... |
Kenya's cement consumption recovers in January29 April 2020, Published under Cement NewsKenyan cement consumption reached a 17-month-high in January 2020, according to the Kenya National Bureau of Statistics (KNBS). Demand hit 528,904t during the month and marked the second straight month of recovery. The last time consumption was above this level was in August 2018 at 531,119t. The recovery is expected to relieve pressure on cement producers in the country which has seen new capacity come onstream despite declining demand. Bamburi Cement’s Managing Director, Seddiq Hassa... |
FLSmidth's interim 1Q20 report sees COVID-19 impact business results28 April 2020, Published under Cement NewsFLSmidth reports that the COVID-19 pandemic is intensifying the cement industry's apprehensiveness to start large capital investments, but producers in both mining and cement are increasingly looking at digitalised solutions, driven by the restrictions of on-site services. Cement service order intake was stable in 1Q20 compared to 1Q19, but total cement order intake declined 50 per cent, due to hesitation on capital investments and the absence of large project orders. Order intake for ceme... |
US Portland and blended cement market expands 7% in January27 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico increased by 7.4 per cent YoY to 6.9Mt in January 2020, according to data from the US Geological Survey (USGS). Around 47 per cent of total shipments were received by the five leading cement-consuming states – Texas, California, Florida, Georgia and North Carolina. Product was mainly manufactured in Texas, California, Florida, Missouri and Alabama. Masonry shipments slipped to 190,000t in January 2... |
Spain's cement consumption falls 28% in March24 April 2020, Published under Cement NewsCement demand in Spain decreased 28.3 per cent YoY to 923,581t in March 2020, according to the country’s cement association, Oficemen. The level had not been seen since 1965, excluding the recessions of the last decade. However, exports saw an 11 per cent recovery after 33 months of decline with 54,588t of cement exported. January-March 2020 In the first quarter of 2020 cement consumption fell 12.7 per cent to 3.143Mt, or 457,246t less when compared with the 1Q19 when demand reached 3.... |
Taiheiyo Cement Corp signs MoU with Solusi Bangun Indonesia24 April 2020, Published under Cement NewsPT Semen Indonesia Tbk (SMGR), together with its affiliate PT Solusi Bangun Indonesia Tbk (SMCB), signed a memorandum of understanding (MoU) with Taiheiyo Cement Corp (TCC) on 21 April 2020. The initial agreement is to carry out investment and strategic cooperation between the parties. It includes an investment plan by TCC in SMCB, an agreement on exports to TCC and a partnership plan with TCC. The investment referred to in the MoU is related to the TCC's plan to make an investment in SMCB ... |
Peru's Asocem reports 47% drop in domestic demand in March23 April 2020, Published under Cement NewsPeru's cement market contracted by 46.8 per cent YoY to 0.488Mt in March 2020, according to the Peruvian cement association, Asocem. Of this total national dispatches accounted for 0.481Mt. In March 2019 domestic cement consumption reached 0.918Mt. Cement production in Peru in March 2020 fell 51.1 per cent to 0.419Mt when compared with March 2019 and 50.7 per cent when compared with February 2020. Clinker output was down by 50.1 per cent YoY and 55.1 per cent MoM to 0.352Mt in March 2020. ... |
CRH releases trading update22 April 2020, Published under Cement NewsCRH has released a trading update for the 1Q20, reporting a three per cent increase in like-for-like sales. In North America the company’s operations in Pennsylvania, New York City and Washington state have been the most impacted to-date by the COVID-19 pandemic, while its operations in the southeast, central and western US have been less affected, according to the update. Significantly lower activity levels have also been noted in Ontario and Quebec, as a result of government restrictions... |