Russia: Iskitimcement has announced the beginning of CEM-II ground granulated blast furnace slag (GGBFS) cement at its Iskitimcement plant in Novosibirsk Oblast. Regional Weekly News has reported that the cement will be used in road base concrete production and soil reinforcement. Iskitimcement says that the cement has high frost, abrasion and impact resistance and strength of over 5.5MPa. It will sell the cement, the seventh type produced at the plant, in 25kg, 50kg and 1t bags.
Votorantim Cimentos’ first-quarter loss rises in 2020
Brazil: Votorantim Cimentos recorded a loss of US$68.4m in the first quarter of 2020 compared to a loss of US$2.71m in the corresponding period of 2019. However, sales rose by 2.4% year-on-year to US$465m from US$454m.
Votorantim Cimentos said that it is ‘closely monitoring the situation’ resulting from the coronavirus outbreak and is ready ‘to institute new measures should they be needed.’ It said that it has ‘a solid liquidity position, reinforced by available revolving credit facilities, amounting to US$500m.’
“The company is in a strong position to combat the impacts of the COVID-19 crisis,” it said.
Sumitomo Osaka Cement reports 40% profit growth in fiscal year 2020
Japan: Sumitomo Osaka Cement’s net profit in the fiscal year that ended on 31 March 2020 was US$102m, up by 40% year-on-year from US$72.7m in the fiscal year 2019. Sales fell by 2.4% to US$2.28bn from US$2.34bn. This was due to the collapse in cement demand following the coronavirus state of emergency declared in Tokyo and six other prefectures on 7 April 2020.
Competition Commission of India approves Nuvoco Vistas’ Emami Cement acquisition
India: Nuvoco Vistas has received approval from the Competition Commission of India for its 100% acquisition of Emami Cement from Emami Group. Reuters has reported that the acquisition, through which Nuvoco Vistas enters the Bihar and Odisha markets, brings its installed cement production capacity to 23.5Mt/yr.


