Global Cement News

Egypt: HeidelbergCement subsidiary Egyptian Tourah Portland Cement recorded a second-quarter loss of Euro4.65m in 2020, down by 79% year-on-year from Euro21.9m in 2019. The company made sales worth Euro1.81m over the period, down by 81% Euro9.74m, according to Reuters. In line with its position regarding future losses at 31 December 2019, the company called a shareholder’s meeting to decide on its continuity.

Algeria/Belarus: Belarus-based automobiles producer Belaz says that it has received an order for twelve dump trucks from Groupe des Ciments d'Algérie (GICA), Algeria’s leading cement producer with 13.5Mt/yr installed cement production capacity. Business World Magazine News has reported that the company will use the trucks for conveying raw materials in its Saoura quarry in Adrar Province. It previously bought twelve 60t-capacity Belaz-7555I trucks and nine front-loaders in mid-2020. The latest order is due for arrival in September 2020.

Belaz produces the 450t-capacity Belaz-75710, the largest-capacity dump truck in the world.

India: Ramco Cement has increased its stake in Lynks Logistics to 69% following its acquisition of a 23% stake in the company for US$273,000. The group previously invested US$700 in a 46% stake on 27 January 2020.

Mexico: Cemex has announced the awarding by its Scholarship Council of the Marcelo Zambrano Scholarship to architect Gonzalo Mendoza. The group says that the funding will support Mendoza through his post-graduate study abroad at the Architectural Association School of Architecture in London, UK.

Cemex said Scholarship Council member Jimena Hogrebe said, "Choosing a profile like Gonzalo's, due to his experience and interests, is important today because we are facing global situations in which it seems essential to have critical professionals who dare to propose new possibilities for architecture."

Mexico: Cemex has announced that its chief executive officer (CEO), Fernando González, will host a ‘virtual conversation,’ in which he will discuss aspects of the group’s financial and business strategy and its operation resilience post-Covid-19 performance enhancement programme, on 10 September 2020. The company says that chief financial officer (CFO) Maher Al-Haffar and strategic planning and business development executive vice president José González will also be on hand to answer questions.