HeidelbergCement has priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €650 million and a maturity date of 9 October 2024. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.
Qatar National Cement Co said on Monday it will shut down two cement plants from Wednesday to help combat the spread of the coronavirus and due to decreased demand in the local market.
Portland cement prices fell by a marginal 2.5% in March compared to February, according to a Central Administration of Needs and Building Materials report.
Breedon Group announced on Wednesday that it had temporarily suspended production at its sites in the Republic of Ireland, following new government restrictions amid the Covid-19 coronavirus pandemic.
Construction materials company Adelaide Brighton Limited is withdrawing its earnings guidance for 2020, citing the uncertainty in relation to the duration and impact of COVID-19.