Heidelberg Cement has informed the bourses about the completion of debottlenecking of its two projects, one in Madhya Pradesh and the other in Uttar Pradesh.
Given measures to control the spread of COVID-19, including the current foreclosure of the authorities, Pakistan-based cement producer DG Khan will temporarily suspend operations at the Kofli Sattai, Dera Ghazi Khan and Khairpur plant , Chakwal, in Punjab, with immediate effect, the company said in a file on the Pakistan Stock Exchange. The two factories have a total production capacity of 4.22 Mta.
Oficemen, has joined other voices in the construction industry to advocate for the continuation of construction works, including infrastructure projects, during the coronavirus outbreak. According to the Ministry of Industry, Commerce and Tourism, "The closure of the works is not necessary , as this activity has not been expressly suspended." However, increasing numbers of local authorities are stopping them, including those in Barcelona, which has ordered the closure of all building work in the city, both public and private.
Cevian, a Swedish activist fund, has moved for the second time in less than a fortnight to increase its stake in CRH, the Irish building material group.
The Vicat group announces that its 2020 outlook presented on 14 February 2020 within the framework of its 2019 results publication now needs to be revised in the light of the potential impact of COVID-19 on the Group’s business.