Cement demand in India is expected to fall sharply by 20-25% in the current fiscal year if the COVID-19 pandemic is not contained by May, and construction activities begin only in the second quarter, Crisil said on Monday.
Exports witnessed strong decreases of nearly 40 percent in quantity and 20 percent in value compared to the same period last year due to the impacts of the COVID-19 pandemic and a global price decline.
Tajik cement producers achieved volumes of 564,000t in January-February 2020, up by 20% from 469,000t in the first two months of 2019. This corresponds to capacity utilisation by the country’s 13 producers (total capacity 4.7Mt/yr) of 72% so far in 2020.
The country’s leading cement-maker Holcim Philippines has suspended the operation of its manufacturing plant in Davao as the city was locked down until April 19 to contain the COVID-19 pandemic.
RWE, Europe’s third-largest renewables group, is partnering with Taiwan’s Asia Cement Corp to enter one of the strongest-growing offshore wind markets outside Europe, its renewable arm said on Thursday.