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.
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.
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%.
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’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.