CHINA - Anhui Conch Cement has announced a 13% profit increase

  • 23 March 2020
  • Author: Jon Shelbourne
  • Number of views: 697
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CHINA - Anhui Conch Cement has announced a 13% profit increase

Anhui Conch Cement has announced a 13% increase in net yearly profit to US$4.73bn for 2019, compared with US$4.21bn in the previous year. EBITDA advanced 9.5% to US$6.97bn from US$6.37bn. 

ARMENIA - government proposes to extend “restrictions” on cement imports from Iran

  • 23 March 2020
  • Author: Jon Shelbourne
  • Number of views: 567
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ARMENIA - government proposes to extend “restrictions” on cement imports from Iran
The government of Armenia is proposing to extend the "restrictions" on cement imports from Iran and a number of other countries because of the unprecedented fall in prices for this product in the market. Babken Tunyan, chairman of the Standing Committee on Economic Affairs of the National Assembly, said this during the committee meeting to debate on the package of bills on amendments to the Law on State Duty.

PHILIPPINES - Two of the country’s largest manufacturers to suspended production

  • 23 March 2020
  • Author: Jon Shelbourne
  • Number of views: 485
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PHILIPPINES - Two of the country’s largest manufacturers to suspended production
Two of the country’s largest cement manufacturers have suspended their cement production and distribution operations in Luzon to comply with the quarantine and social distancing measures implemented by the government to combat the COVID-19 pandemic.

INDIA - COVID-19 hit on domestic cement demand

  • 23 March 2020
  • Author: Jon Shelbourne
  • Number of views: 536
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INDIA - COVID-19 hit on domestic cement demand
Even though the ongoing temporary shutdown in the wake of COVID-19 has impacted construction activities across the country resulting in a decline in cement uptake, the hit on domestic demand is transient, says Kotak Institutional Equities. 
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