Manila Bulletin: Eagle Cement to continue food relief programme
Manila Bulletin reports that the company will continue to supply food packs to vulnerable communities, despite the easing of quarantine restrictions.
Asia & Pacific Rim
Gebr. Pfeiffer to supply ready2grind unit for BBCI in the Philippines
The plant is currently under construction and will produce cement in Porac, near Angeles City in the Central Luzon region.
GlobalData: Hong Kong’s construction industry to contract by 9.2%
According to GlobalData, the Hong Kong construction industry was in dire straits in 2019 as political unrest disrupted the market – the COVID-19 induced economic weakness is now expected to further exacerbate the scenario.
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GlobalData: Singapore’s construction industry to plummet by 14.1% in 2020
The COVID-19-induced economic uncertainty has disrupted Singapore’s construction industry, with output now expected to plummet by 14.1% in 2020, according to GlobalData.
LafargeHolcim announces lapse of Philippines transaction
The company signed an agreement last year with San Miguel Corporation for the sale of its entire 85.7% shareholding in Holcim Philippines Inc., however the agreement has since lapsed.
GlobalData: Construction output to decline in South and Southeast Asia in 2020
According to the company, construction output is set to contract in South and South-East Asia as a result of the coronavirus causing disruption to the construction industries.
GlobalData: Australia’s construction output expected to contract by 5.7% in 2020
The company predicts that COVID-19 and lower oil prices will drive Australia’s construction industry to contract.
GlobalData: Russia’s construction industry is expected to shrink by 3.8% in 2020
Due to COVID-19 related disruptions and worsening economic conditions, GlobalData forecasts the Russian construction industry to contract by 3.8% in 2020.
CEMEX shares Q1 2020 financial and operational results
The company’s results show a 2% growth in sales, reaching US$3.1 billion.
More Asia & Pacific Rim news
LafargeHolcim shares Q1 2020 results
The company’s Q1 results are encouraging, despite the disruption caused by the ongoing COVID-19 crisis.
GlobalData: South Korea’s construction industry expected to contract by 2.8% in 2020
The company predicts that the construction industry in South Korea will contract due to containment measures for COVID-19 and slower economic growth adversely affecting the industry.
Ambuja Cements shares financial results for quarter ended 31st March 2020
The company has shared its financial results for the quarter ended 31st March 2020, recording EBITDA growth of 30%, and cement volumes growth until February 2020.
GlobalData: China to experience sharp decline in construction output
According to GlobalData, construction output growth in China is expected to grow by just 1.9% in 2020.
Doosan Infracore receives large orders of excavators in China
The company has received large orders for medium-sized excavators from China, as the Chinese construction machinery markets begin showing positive signs of recovery.
Steppe Cement provides market update
In Q1 2020, Steppe Cement Ltd sold 235 896 t of cement for 4003 million Tenge, compared to 266 393 t of cement for 4455 million Tenge in the first quarter of 2019.