Cement News tagged under: Weekly Newsletter
Oficemen asks government not to “paralyse the construction sector”30 March 2020, Published under Cement NewsCement manufacturers with plants in Spain have requested the country’s government not to paralyse the construction sector in the face of the current COVID-19 pandemic and the national alert, considering it necessary to maintain its activity so that "the country is prepared for the exit of the crisis". "With the service sector paralysed, construction now becomes an essential pillar so that the Spanish economy does not freeze," says the cement association, Oficemen. It advocates "maintenance ... |
LafargeHolcim implements coronavirus action plan27 March 2020, Published under Cement NewsLafargeHolcim has announced the implementation of its action plan regarding the coronavirus pandemic, stating that it is closely monitoring all markets and the guidance provided by the authorities in each country. "In China, the recovery of the construction sector has started and all our plants outside of Hubei Province are operating. We forecast the market demand to further recover and to supply 70 per cent of last year’s volume in April 2020. In most of the other key markets, the constr... |
Votorantim Cimentos records 3% rise in 2019 revenue27 March 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has seen a three per cent rise in consolidated net revenue to BRL13bn (US$2.61m) in 2019, compared to BRL12.6bn recorded in the previous year. Consolidated EBITDA saw a modest increase of one per cent YoY to BRL2.7bn from BRL2.6bn, with a margin of 20 per cent (21 per cent in 2018). Brazil Net revenue in the company’s domestic market was up four per cent from BRL6.6bn in 2018 to BRL6.8bn in 2019, mainly due to higher volumes and prices in the cement market... |
Buzzi Unicem sees 12% rise in sales, stable net profit in 201926 March 2020, Published under Cement NewsItaly-based Buzzi Unicem reported a 12.1 per cent rise in net sales in 2019 to EUR3.221bn in 2019, up from EUR2.874bn. The company posted a 4.3 per cent YoY rise in cement sales to 29.122Mt in 2019 while ready-mix sales remained stable at 12.1Mm3 over the same period. EBITDA surged to 26.1 per cent to EUR728.1m in 2019 while recurring EBITDA saw a 23.9 per cent jump to EUR704.4 when compared with the previous year. Net profit advanced by 0.8 per cent to EUR385.9m and consolidated net profit ... |
Peruvian cement market expands 5% in February26 March 2020, Published under Cement NewsNational cement demand in Peru advanced 5.3 per cent in February 2020 to 0.935Mt when compared with February 2019, according to the country’s cement association, Asocem. In the first two months of the year, 11.78Mt of cement was consumed, up 4.8 per cent YoY. Cement production increased 5.9 per cent YoY and 2.3 per cent MoM to 0.849Mt in February 2020 while clinker production saw YoY and MoM increases of 35.8 and 9.9 per cent, respectively to 0.784Mt in the second month of this year. Cem... |
Vietnam cement sales surge 58% in February24 March 2020, Published under Cement NewsTotal cement sales in Vietnam reached 4.207Mt in February 2020, up 58 per cent YoY and 47 per cent MoM, according to the Vietnam National Cement Association (VNCA). The total includes 1.383Mt delivered by VICEM, representing an increase of 48 per cent YoY and 53 per cent MoM. VICEM joint ventures posted an 80 per cent YoY and 56 per cent MoM rise in sales to 1.184Mt while the country’s other cement producers saw sales rise by 54 per cent YoY and 36 per cent YoY to 1.64Mt in February 2020. ... |
Indonesia: sluggish local demand in February as export conditions to China deteriorate20 March 2020, Published under Cement NewsThe 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 -7.5 per cent. In addition, export volumes, which had surged 40 per cent in January, dropped by 27.9 per cent to 440,000t in February. "It is unfortunate that our cement and clinker exports, which we hope can improve the performance of the cement industry, are constrained by the presence of a corona [virus], resulti... |
HeidelbergCement confirms positive 2019 results20 March 2020, Published under Cement NewsHeidelbergCement has confirmed the positive preliminary results for 2019 it published last month , thereby concluding the business year successfully. "Although the environment was again challenging, we were able to improve numerous important key figures in the 2019 financial year. Especially our good profit for the financial year before non-recurring effects and the strong cash flow exceeded our expectations," said Dominik von Achten, chairman of the Managing Board of HeidelbergCement. ... |
Ukraine cement industry increases output after import antidumping duties20 March 2020, Published under Cement NewsUkraine’s cement production advanced 10.6 per cent after anti-dumping duties on cement imports were introduced, according to Ukrcement Executive Director, Roman Skilskyi. “After Ukraine introduced antidumping duties in May 2019, cement companies increased the production output of cement clinker by 10.6 per cent as of August 2019 compared to August 2018,” Mr Skilskyi said. Between 2016-19, cement imports into Ukraine rose 18-fold, from 41,700t in 2016 to 752,330t in 2019. In May, the cou... |
Cambodia has not yet seen a slowdown in cement sales over COVID-1919 March 2020, Published under Cement NewsThe coronavirus has not had a significant impact on the cement and other construction material markets in Cambodia, which are retaining strong demand at present. The Cambodian construction sector reports no slowdown in demand because of the COVID-19 pandemic, while cement prices are holding up. "Demand remains strong for cement and building materials due to infrastructure development, urbanisation, long-term investment, and family and population growth. We believe the Cambodian economy wil... |