France: The Ministry of Culture has refused a sponsorship of Euro0.2m from Lafarge intended for the Musée de Cluny in Paris. The ministry said that the sponsorship was paid in 2015 and then returned in 2018, according to the Agence France Presse. However, the ministry did not say why the money has been rejected. In 2017 the Paris City Council ended a partnership with Lafarge for the supply of sand for an urban beach project due to allegations of the building material manufacturer’s conduct in Syria during the civil war. A legal case examining Lafarge’s conduct in Syria between 2011 and 2014 is on-going.
Suez Cement fights falling revenue with profit boost in first quarter
Egypt: Suez Cement’s consolidated profit rose by 82% year-on-year to US$12.8m in the first quarter of 2019 from US$7.04m in the same period in 2018. However, its revenue fell by 14% to US$109m from US$127m. Its standalone business reported both a loss and falling sales.
Raysut Cement reports tough first half of 2019
Oman: Raysut Cement’s revenue fell by 5% year-on-year to US$108m in the first half of 2019 from US$114m in the same period in 2018. Its profit after tax dropped by 27% to US$1.3m from US$1.8m.
Peruvian cement production grows by 6% to 5.02Mt in first half of 2019
Peru: Cement production rose by 6% year-on-year to 5.02Mt in the first half of 2019 from 4.75Mt in the same period in 2018. Local despatches rose by 5% to 4.84Mt from 4.60Mt. Data from the Asociación de Productores de Cemento (ASOCEM) shows that clinker exports fell by 18% to 0.45Mt from 0.55Mt. Clinker imports remained stable. Consumption increased by 3% to 5.50Mt from 5.33Mt.
