Cement companies in India, the world second biggest market, are wary about short-term prospects for demand and may not rush to restart plants if the federal government begins lifting its lockdown from 15 April.
Siam Cement will buy a Vietnamese packaging materials maker, the Thai industrial group said Friday, drawn by the growth of online shopping as Southeast Asia hunkers down to avoid the coronavirus.
The ordinary general meeting (OGM) of Gulf Cement Company approved the board’s proposal to delist from Boursa Kuwait.
Cemex has announced that will resume operations in Mexico, just hours after announcing that it would halt all operations in the country. The turnaround was due to new government guidelines regarding essential business operations during the coronavirus outbreak."In accordance with the technical guidelines published today in the official Mexican gazette, the company will resume operations in Mexico to support the development and the economy of the country during the COVID-19 contingency," said Cemex in a statement on 6 April 2020. Earlier the same day it had announced that it would halt all Mexican operations until at least 30 April 2020.
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme.