AUSTRALIA - Adelaide Brighton withdraws earnings guidance

AUSTRALIA - Adelaide Brighton withdraws earnings guidance

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.

INDIA - Orient Cement, Ambuja Cement & India Cement suspend operations due to Covid-19

INDIA - Orient Cement, Ambuja Cement & India Cement suspend operations due to 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 Cement reports 50% rise in profit

CHINA - Tianrui Group Cement reports 50% rise in profit

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.

EUROPE - CEMBUREAU welcomes prospect of carbon border mechanism

  • 31 March 2020
  • Author: Jon Shelbourne
  • Number of views: 517
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EUROPE - CEMBUREAU welcomes prospect of carbon border mechanism

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:

CAMEROON - Low-CO2 cement production with activated clay

  • 31 March 2020
  • Author: Jon Shelbourne
  • Number of views: 1173
  • 0 Comments
CAMEROON - Low-CO2 cement production with activated clay

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

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