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Cimerwa publishes 2020 financial year full-year report

15 December 2020

Rwanda: PPC subsidiary Cimerwa’s sales grew by 1% year-on-year in the 2020 financial year, in which it recorded earnings before interest, depreciation, taxation and amortisation (EBITDA) of US$16.7m. The producer says that it recovered strongly from a 40-day shutdown of cement production due to a national coronavirus lockdown that started on 22 March 2020, with cement production of 55,000t in July 2020. It also diversified its product range during the period with the launch of its new Sure Range cements.

Chief executive officer (CEO) Albert Sige said, “These results demonstrate Cimerwa’s strong foundation, resilience and great potential. In response to the exceptional situation of the Covid-19 pandemic, the team stepped up to the challenge by putting in place measures to ensure business continuity and protect performance. As the market opened up, we were more than ready to continue supplying our customers and stay on the course of Strengthening Rwanda. We undertook various initiatives that will have long-term positive impact on the business. This includes cost savings initiatives, strengthening the organisation and applying innovation to face new challenges. Cimerwa will emerge from this situation even stronger than before.”

Published in Global Cement News
Tagged under
  • Rwanda
  • Cimerwa Cement
  • Results
  • PPC
  • coronavirus
  • lockdown
  • GCW486

Caribbean Cement signs collective labour agreement with union

15 December 2020

Jamaica: Caribbean Cement has signed a new retroactive three-year collective labour agreement with the Union of Clerical Administrative and Supervisory Employees (UCASE). Under the agreement, employees will receive an 18% pay rise over the three-year period ending on 30 June 2021. The Jamaica Observer newspaper has reported that the deal will also provide a 10% raise in call-out pay, a transportation allowance and scholarships for employees’ children. It also alters the existing profit sharing scheme, housing benefits and loan programmes.

Published in Global Cement News
Tagged under
  • Jamaica
  • Caribbean Cement
  • Union
  • Staff
  • GCW486

LafargeHolcim to accelerate Sustainable Development Goals impacts

14 December 2020

Switzerland: LafargeHolcim has committed to accelerate the impact across its United Nation (UN) Sustainable Development Goal (SDG) activities, and disclose its progress.

Chief Sustainability Officer (CSO) Magali Anderson said, “As we celebrate the fifth anniversary of the Paris Agreement, it is more important now than ever for companies and governments to unite around climate action and the SDGs. That’s why we set ourselves the most ambitious 2030 climate targets in our industry, joining the Business Ambition for 1.5°C. Decarbonising business is vital, but it’s not enough. We are accelerating our overall commitment to the SDGs to build a world that works for people and the planet.”

Published in Global Cement News
Tagged under
  • Switz
  • LafargeHolcim
  • Sustainability
  • United Nations
  • GCW486

Bomb attack causes injury at Star Cement’s Meghalaya cement plant

14 December 2020

India: The Hynniewtrep National Liberation Council (HNLC) has claimed responsibility for an improvised explosive device (IED) blast which injured one person and damaged a wall and water pipes at Star Cement’s cement plant in the East Jaintia Hills district of Meghalaya. The Press Trust of India has reported that the attack resulted from the producer’s failure to pay protection money as a non-locally-owned business.

Published in Global Cement News
Tagged under
  • India
  • Star Cement
  • Plant
  • Explosion
  • terrorism
  • Meghalaya
  • GCW486

Fergana Yasin Qurilish Mollari’s equipment delivery completed

14 December 2020

Uzbekistan: Suppliers have completed the delivery of equipment from China for cement production at Fergana Yasin Qurilish Mollari’s Fergana cement plant. Trend News has reported that the Uzbek-Chinese joint venture will complete the second phase of the plant’s construction in July 2021, at a cost of US$120m. As a result its capacity will rise to 2.0Mt/yr.

Published in Global Cement News
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