×

Warning

JUser: :_load: Unable to load user with ID: 772

Dominican Republic: Cement companies produced 5.6Mt of cement in 2019, up by 4% year-on-year from 5.4Mt in 2018. This corresponds to 82% utilisation of the Dominican domestic capacity of 6.9Mt/yr. The Dominican Association of Portland Cement Producers (ADOCEM) said that domestic cement consumption rose by 7.2% to 4.7Mt from 4.3Mt.

Chile: Cementos Bío-Bío has taken a loan worth US$37.6m from BCI-Itaú bank and Scotiabank. It took the measure ‘to ensure the company’s liquidity’ in response to the coronavirus outbreak. Cementos Bío-Bío said, “The Covid-19 pandemic brings risks due to its impact on the world and local economy. The company estimates that it will strongly affect construction, impacting cement dispatches.” It added, “The company maintains a comfortable cash position,” with liquidity of US$53.3m.

US: The United States Geological Survey (USGS) has reported that total US cement shipments in the first three months of 2020 were 20.9Mt, up by 7.9% year-on-year from 19.4Mt. Imported cement accounted for 2.98Mt (14%) of shipments over the period, up by 22% from 24.4Mt.

The USGS said, “Measures instituted to mitigate the spread of the COVID-19 pandemic may cause disruptions in the cement industry across the United States and around the world. However, no US cement plant closures or idlings were reported in March 2020.”

Egypt: The Ministry of Local Development has announced the start of a six-month period in which it will issue no construction licences for private buildings in Greater Cairo, governorate capitals and major cities from 27 May 2020. Egypt Today has reported that the suspension also affects licences for building modifications and extensions.

President Abdel Fatah al-Sisi has ordered that mega-infrastructure projects should continue, subject to additional protective measures against the COVID-19 outbreak. Al-Sisi postponed the inauguration ceremonies for the newly constructed New Administrative Capital and Grand Egyptian Museum.

More Articles ...

Subcategories