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.
Cement industry players have closed down operations across all their locations due to the Covid-19 scare. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%.
China Tianrui Group’s net 2019 profit was US$256m, up by 50% year-on-year from US$171m. Sales rose by 20% to US$1.70bn from US$1.42bn. This was due to increased volumes and prices.
In a position paper published recently, CEMBUREAU, the European Cement Association, welcomed the prospect of an EU carbon border mechanism, although a number of design principles should apply, namely:
thyssenkrupp to build first industrial-scale plant in Cameroon. The technology from thyssenkrupp reduces carbon dioxide emissions in cement production by up to 40 percent. Their New cement plant in Kribi, Cameroon will save 120,000 tons of CO2 emissions per year