Welcome back to INTERCEM’s dedicated news web page for cement industry executives.
During the necessary hiatus from face-to-face events across the globe, INTERCEM still wants to play our part in helping cement executives all around the world share best practice, and the latest market updates electronically. To do this, we are restarting the news service on our website and will also be using this platform for think pieces and analysis - all free of charge.
For 35 years INTERCEM has been bringing industry leaders together in destinations across the globe for face-to-face networking and presentations on the latest industry trends, market forecasts and technological developments presented by some of the most knowledgable, respected and internationally-recognised figures working both inside and outside the cement sector. INTERCEM meetings have been a go-to resource for a generation of cement industry leaders across the world providing insight, analysis and data to assist decision-makers in both their day-to-day work and their long term business planning.
Through boom and bust, trade wars, actual wars, crashes, crises, mergers, monopolies, globalisation, digitisation and much, much more, INTERCEM has assisted in the dissemination of information across the sector – no matter the size of your operation, market share, or background. On this news page, we will continue in this tradition, democratising information and inviting leading industry figures, including many of those familiar to regular conference attendees, the opportunity to share essays and ’Think Pieces’ on topics of importance to executives across the cement industry supply chain. As such, we would like to hear from you, your suggestions for content, or if you would like to contribute a news story or short article.
The COVID 19 pandemic has come at an already very difficult moment for the cement industry - with an overcapacity glut across many international markets - and it is likely to make a significant impact on the sector for some time to come. Without in any way acting in an anti-competitive manner, leaders of our industry need to share best practice information and support each other through these times. Through many different crises over the past 30 years, INTERCEM has been a place for us to do that face-to–face, and I hope that now with modern technology we can find ways to do this electronically.
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.
“In view of the prevailing lockdown announced by the Governments of Sindh and Balochistan in order t control the spread of COVID-19 the management of Attock Cement Pakistan Limited has decided to temporarily/partially suspend the plant with immediate effect," the company stated, in its filing to the Pakistan Stock Exchange (PSX).
The company added that it will inform the stock exchange on the restart of its plant operations.
Furthermore, Akzo Nobel Pakistan Limited the paints and coating company has also announced to shut down its operations till 6th April.
“In accordance with section 96 of Securities Act 2015 and Clause 5.6.1(a) of PSX Regulation we hereby convey the following material information: In compliance with directives of provincial governments to contain the spread of COVID-19 across provinces, Akzo Nobel Pakistan Limited has stopped its operations with immediate effect including plant and offices till 6th April 2020," stated the company in its filing to the bourse.
The General Tyre and Rubber Company of Pakistan Limited announced that it has closed its operations including the factory and other regional offices throughout Pakistan until further notice or clarification to be provided by the Provincial Governments.
Earlier, Pakistan automobile assembler Indus Motor Company Limited (IMCL), Pak Suzuki Motors Company Limited (PSML) and Yamaha Motor Pakistan (YMP), on Monday announced to shut plants and offices during the lockdown in Sindh.