Cement manufacturer, Attock Cement Pakistan has joined the list of companies that have shut down their operations, after the company announced to partially suspend its plant on Wednesday.
Udaipur Cement in India has informed the Bombay Stock Exchange that operations have temporarily been halted and the plant will be closed until further notice in an effort to reduce the spread of the COVID-19 virus.
J.K Cement slumped 8.35% to Rs 904.70 after the company announced halting production and office operations at its facilities with immediate effect till further notice.
The 2020 Budget, as outlined by Finance Minister Tito Mboweni earlier this week, “didn’t give much hope to the construction industry”, construction materials company AfriSam sales and marketing executive Richard Tomes told Engineering News on Friday.
Cement maker, PPC Zimbabwe volumes for the 11 months to February 2020, weakened by 15% to 20% compared to same period last year, reflective of the general economic environment in the country.