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.
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.