Malayan Cement Bhd could see a sharp earnings rebound in the second half of the year following recovering average selling prices (ASPs) and a decline in key input costs.
JK Lakshmi Cement rose 0.37% to Rs 219.70 after the company said its integrated plants at Rajasthan and Chhattisgarh have resumed operations and have started dispatching cement.
Buzzi Unicem subsidiary SKL Cement has supplied 400t of cement to the site of an upcoming coronavirus hospital in Omsk, Omsk Oblast. SLK Cement CEO Andrei Immoreev said, “In a difficult time for the whole world, our company continues to work to provide cement for construction sites of regional and federal facilities,” according to AMF News.
The coronavirus outbreak had a negative impact on Anhui Conch Cement's business operations in 1Q2020, but the company expects only a marginal -1.5% YoY decline in FY2020 cement and clinker sales volumes. Furthermore, cement prices in China seemed to have stabilised in the past few weeks and national average cement inventory levels have come down to more reasonable levels as well. The Chinese cement sector is a potential beneficiary of policy tailwinds, as the Chinese government could attempt to boost the economy with increased infrastructure spending to partially offset the negative economic impact of the coronavirus outbreak. Anhui Conch Cement is better-positioned than its peers to weather the current storm because its operations are focused in Eastern and Southern China where supply-demand dynamics are more favourable, and the company has a strong financial position with net cash accounting for about a fifth of its market capitalisation.
BEUMER Group presents its new BG Sorter Compact CB. This cross-belt sorter features a small design and increases throughput. Among other things, this is ensured by the possibility of data analytics. "With data analytics, we can collect large amounts of data on our sorters and evaluate them in a targeted manner, which then shows us where there is potential for improvement, for example," explains Thomas Wiesmann, Director Sales Logistic Systems at BEUMER Group in Beckum, Germany. Among other things, the information gained can be used to continuously improve the operation of the system, to identify maintenance requirements at an early stage or to optimise system management. This has a positive impact on product life-cycle costs.