IRELAND - Breedon Group temporarily shutters most Ireland operations

IRELAND - Breedon Group temporarily shutters most Ireland operations

Breedon Group announced on Wednesday that it had temporarily suspended production at its sites in the Republic of Ireland, following new government restrictions amid the Covid-19 coronavirus pandemic.

AUSTRALIA - Adelaide Brighton withdraws earnings guidance

AUSTRALIA - Adelaide Brighton withdraws earnings guidance

Construction materials company Adelaide Brighton Limited is withdrawing its earnings guidance for 2020, citing the uncertainty in relation to the duration and impact of COVID-19.

INDIA - Orient Cement, Ambuja Cement & India Cement suspend operations due to Covid-19

INDIA - Orient Cement, Ambuja Cement & India Cement suspend operations due to Covid-19

Cement industry players have closed down operations across all their locations due to the Covid-19 scare. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%.

USA - Expansion of Cement Plant in Mitchell Delayed

USA - Expansion of Cement Plant in Mitchell Delayed

Texas-based Lehigh Hanson Inc. says the start of the $600 million expansion of its Lehigh Cement Co. plant in Mitchell in Lawrence County will be delayed. The company says construction could be delayed by up to one year due to uncertainties resulting from the COVID-19 pandemic.

CHINA - Tianrui Group Cement reports 50% rise in profit

CHINA - Tianrui Group Cement reports 50% rise in profit

China Tianrui Group’s net 2019 profit was US$256m, up by 50% year-on-year from US$171m. Sales rose by 20% to US$1.70bn from US$1.42bn. This was due to increased volumes and prices.

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