Cement News tagged under: international
State Bank of Pakistan reviews cement industry performance in 1HFY2015 April 2020, Published under Cement NewsThe State Bank of Pakistan has released its second quarterly report of FY20 (July 2019-June 2020) on the state of Pakistan's economy on 14 April. The report reviewed the performance of all sectors and appreciated the cement industry's progress, but pointed out the challenges of the coronavirus on all industries. According to the report, the global and domestic spread of COVID-19 has brought an exceptional set of challenges for the country. The spillovers from the global economy and the in... |
Indian industries look for lockdown exit strategy15 April 2020, Published under Cement NewsWhile many Indian industries were preparing strategies for a partial lifting of the country’s lockdown, some members of the cement industry were reportedly aiming to wait an additional week before deciding whether to resume operations. "There are two issues – demand for cement is not there as construction is put on hold and all expenses of capex are getting deferred. Secondly, there is a big issue on logistics," said H M Bangur, managing director of Shree Cement. In addition, Mr Bangur not... |
Pakistan resumes cement and construction activities15 April 2020, Published under Cement NewsPakistan's government has taken the bold decisions to open selected local and export-oriented industries (including cement) in a meeting of the National Command and Operation Centre (NCOC), headed by Prime Minister Imran Khan on 14 April. However, the lockdown period for other industries has been extended until 30 April, says the official notification. It was felt that the restrictions need to be extended, but certain relaxations related to low-risk economic activities should also be consi... |
Polish Cement Association calls on government to send cement and construction workers back to work14 April 2020, Published under Cement NewsThe Polish Cement Asociation has written an open letter to the government explaining how important it is to get the cement and construction sectors back to work. “The contribution of Polish construction to the national economy is estimated at 10 per cent of GDP, including the cement industry generating directly about one per cent of our GDP... "For the sake of the state of the entire economy, including the situation of all participants in the construction process, we call for consistent sup... |
Research house prospects on Pakistan's cement sector after COVID-1914 April 2020, Published under Cement NewsPakistani research house Spectrum Securities Ltd has taken stock of mitigation efforts against the coronavirus in the country's cement sector. The measures to stop the spread of the virus had prompted the closure of number of plants to suspend production. The analysts review the pandemic impacts on stocks, demands in 2Q20, profits, future outlook and other aspects. According to the research house, given the current circumstances, the future looks uncertain about where this pandemic will le... |
Chinese infrastructure construction sees boost14 April 2020, Published under Cement NewsChinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The production and prices of construction materials, including cement and steel, have also seen an increase. The work resumption rate of the cement industry reached 94 per cent as of 6 April, according to data from the Ministry of Industry and Information Technology. |
New DRC cement plant project on hold14 April 2020, Published under Cement NewsThe laying of the foundation stone of a new cement plant in Katanda, Lomami province, Democratic Republic of Congo (DRC), has been postponed indefinitely. The plant will be built in Bakwa Tshiluila, some 70km northeast of Mbujimayi, where deposits of limestone and other raw materials have been discovered. Nestor Kabuya, geologists and supervisor of the construction site said the postponement was due to the state of emergency decreed by the country’s head of state to prevent the spread of t... |
Argentina's cement market contracts 47% in March09 April 2020, Published under Cement NewsCement demand in Argentina fell 46.5 per cent to 502,541t in March 2020 when compared to March 2019 when consumption reached 940,167t, according to the country’s cement association, AFCP. When compared with February 2020, the drop was 26.8 per cent from 686,602t. In terms of dispatches, domestic supply was entirely met by Argentinian producers, who also exported 6034t. This represents a YoY and MoM drop of 54.5 and 72.1 per cent, respectively. January-March 2020 In the first quarter o... |
Georgia's building materials companies continue production09 April 2020, Published under Cement NewsGeorgia’s government has published a list of industries that can continue to work in compliance with epidemiological safety rules, with construction companies and building material manufacturers included in the list, reports Trend News. According to the decision, infrastructure projects will continue throughout the country. Paata Nikvashvili, director of Magnum Group, says the company's main task is to provide infrastructure and construction projects with cement. "From the beginning o... |
May lifting of lockdown could see U-shaped recovery in Indian cement09 April 2020, Published under Cement NewsIndia-based Yes Securities has provided an outlook for the Indian cement industry following the impact of COVID-19. The research house reports that following the lifting of the lockdown, a minimum of 15 days will be required to streamline operations. Furthermore, recovery will be gradual as it may take labour time to return. Pricing discipline is expected to be hard to maintain once lockdown is lifted as smaller players are expected to undercut prices. The south remains susceptible to subdu... |