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News Lafarge Cement Zimbabwe predicts 30% demand drop in 2020

Lafarge Cement Zimbabwe predicts 30% demand drop in 2020

Written by Global Cement staff 20 May 2020
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Zimbabwe: Lafarge Cement Zimbabwe has predicted a 30% year-on-year decline in sales volumes in 2020 due to the coronavirus pandemic. All Africa News has reported that Lafarge Cement Zimbabwe is expecting to rely on foreign investment-led projects to stimulate a base level of cement demand to sustain the company’s operations.

Lafarge Cement Zimbabwe said, "The ripple effects of the lockdown and border closures are still to be fully quantified, but the business expects to continue to feel the effects of the COVID-19 outbreak into the second half of 2020."

Last modified on 01 June 2020
Published in Global Cement News
Tagged under
  • Zimbabwe
  • Lafarge Zimbabwe
  • LafargeHolcim
  • Results
  • coronavirus
  • GCW456

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