RHI Magnesita shares Q1 trading update
The company has shared an update outlining its response to the COVID-19 pandemic and the impact of the virus on trading.
The company has shared an update outlining its response to the COVID-19 pandemic and the impact of the virus on trading.
Due to COVID-19 related disruptions and worsening economic conditions, GlobalData forecasts the Russian construction industry to contract by 3.8% in 2020.
The company’s results show a 2% growth in sales, reaching US$3.1 billion.
The company has issued a business update, describing the safeguarding measures in place for colleagues and customers and its operations during the ongoing coronavirus pandemic.
The company’s Q1 results are encouraging, despite the disruption caused by the ongoing COVID-19 crisis.
The company has reassured customers that the company will overcome the crisis in a positive light.
More than 200 representatives of the cement and concrete industry joined GCCA’s first online global health and safety forum.
Aker Solutions’ post-combustion technology is intended to capture and liquify 400 000 tpy of the released carbon dioxide at the Norcem plant, Norway.
The company has shared its annual financial results for 2019 and discussed its outlook for 2020.
Despite the uncertainty brought about by COVID-19 pandemic, the company has seen a strong order intake and growth in revenue.
The company has supplied concrete to transform a former factory into the new Swansea field hospital, which is being built to help tackle the COVID-19 pandemic.
The company estimates that the output of the Eastern European construction industry will be severely impacted by COVID-19 containment measures in 2020, and that the Western European construction industry will contract by 5.1%.
Yanbu Cement Company (YCC) signed an agreement in early 2020 for an efficiency upgrade, focusing on reducing heat and power consumption.
The company is to introduce short-time work for employees in Germany, while the Supervisory Board and the Management Board of the company are to waive 20 % of their fixed salaries in Q2 2020.
Employees at Tarmac’s Tunstead quarry have shown their support for the NHS by joining in with the weekly Clap for Our Carers campaign to celebrate those working on the frontline during the coronavirus pandemic.