PHILIPPINES - Holcim suspends cement plant in Davao

PHILIPPINES - Holcim suspends cement plant in Davao

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.

GERMANY - RWE enters Taiwanese offshore wind market

GERMANY - RWE enters Taiwanese offshore wind market

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.

GERMANY - HeidelbergCement issues EUR650m Eurobond

GERMANY - HeidelbergCement issues EUR650m Eurobond

HeidelbergCement has priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €650 million and a maturity date of 9 October 2024. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.

QATAR - Qatar National Cement to halt two factories due to coronavirus, lower demand

QATAR - Qatar National Cement to halt two factories due to coronavirus, lower demand

Qatar National Cement Co said on Monday it will shut down two cement plants from Wednesday to help combat the spread of the coronavirus and due to decreased demand in the local market.

EGYPT - Building material prices in Egypt decrease slightly in March

EGYPT - Building material prices in Egypt decrease slightly in March

Portland cement prices fell by a marginal 2.5% in March compared to February, according to a Central Administration of Needs and Building Materials report.

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