Cement News tagged under: corporate
Société de Ciment de Bizerte halts cement sales14 April 2020, Published under Cement NewsTunisia’s Société de Ciments de Bizerte announced a temporary stop to cement sales until 19 April. The company said it had not seen a single case of coronavirus in its employees but would halt sales as a precaution. Government-owned Société de Ciment de Bizerte operates a 1.5Mta plant on the northern Tunisian coast. |
Shah Cement distributes food items to construction workers and families14 April 2020, Published under Cement NewsShah Cement Industries Ltd of Bangladesh has taken an initiative to provide food items and handwash to construction workers and their families considering that many workers have become jobless during the coronavirus situation, says a press release. The cement company had selected 80 points across the country to distribute the items and since 30 March, a total of 10,000 construction workers have gotten the benefit under the supervision of Shah Cement officials and its distributors of respect... |
Cemex asks employees to defer 10% of salary10 April 2020, Published under Cement NewsCemex has asked employees to voluntarily defer payment of 10 per cent of their salaries for three months, according to Reuters. Members of its senior management team have also been requested to give up 15 per cent of their pay for the period starting 1 May. The chairman of the board, CEO and other top executives have already agreed to give up 25 per cent of their salaries and fees over 90 days. The company will also reduce or suspend investments unrelated to the pandemic in addition to... |
Eagle Cement donates food packs to Bulacan residents10 April 2020, Published under Cement NewsPhilippines-based Eagle Cement has donated food packs to the residents of Bulacan, amidst the quarantine period in place due to the COVID-19 pandemic. With the assistance of the armed forces, volunteers and the local government of San Ildefonso, the company distributed thousands of food packs containing rice and canned goods to 20 barangays in San Ildefonso and Dona Remedios Trinidad. Apart from food packs, vitamins and other medicine were also distributed to residents who are most in ... |
Dalmia Cement Bharat announces COVID-19 relief plans09 April 2020, Published under Cement NewsIndia’s Dalmia Cement Bharat has contributed INR20m (US$262,742) to the Odisha relief fund to help support the state’s response to the COVID-19 pandemic. Elsewhere, the company has distributed dry food packets to over 900 families in villages near Biswali, Odisha. Seven days of grocery shopping has been supplied to 650 families in and around Rajgangpur, while the company has also provided assistance for stranded truck drivers, helpers and the homeless. Furthermore, the company has team... |
Moody's changes Boral's outlook to negative08 April 2020, Published under Cement NewsMoody’s Investor Service has changed its outlook on Australia’s Boral Ltd from stable to negative, while also affirming its Baa2 issue rating. "The change in outlook to negative reflects Moody’s expectation for weak earnings given a significant pull back in housing starts in both the US and Australia. In addition, Moody’s expects certain non-residential construction projects to be delayed or cancelled as a result of broad weakness in economic demand," said the investor service in a statem... |
Shiva Cement scales down cement production in India08 April 2020, Published under Cement NewsIndia-based Shiva Cement Ltd has informed the Bombay Stock Exchange on 6 April that in the wake of the COVID-19 outbreak across the world, including India, the company has been taking various precautionary measures to ensure the safety and health of the employees and their families, at its offices and manufacturing location in Orissa, eastern coast of India. However, the company has scaled down its manufacturing operations following the nationwide lockdown in the country and various advisor... |
Cemex resumes operations in Mexico07 April 2020, Published under Cement NewsCemex is resuming its building material operations in Mexico in line with the technical guidelines published in the official Mexican gazette to support the development of the economy during the COVID-19 pandemic. Cemex will comply with all measures indicated by the Ministry of Health to operate in a safe and responsible environment. The health and safety of employees, contractors, suppliers, customers and communities is a top priority for Cemex and the company will continue to enforce its h... |
Gulf Cement to delist from Boursa Kuwait07 April 2020, Published under Cement NewsAt its ordinary general meeting, Gulf Cement Co has approved the board’s proposal to delist from Boursa Kuwait. In addition, the company will not to distribute dividends for 2019 due to the current circumstances, changes in international economics, and continuous competition in local and foreign markets, according to Mubasher. The company also reported that Kuwait’s cement sector has incurred major damages due to continuous oversupply and weakening demand, alongside the increasing pric... |
Siam Cement to buy Vietnamese packaging company07 April 2020, Published under Cement NewsSiam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo. Siam Cement said the size of the deal has yet to be determined, but estimated it would be less than 15 per cent of the Thai group's total assets as of the end of December, which came to THB634.7bn (US$19.2m). Bien Hoa produces 90,000t of cardboard boxes and 10,000t of food packaging materials a year... |