The company has announced its consolidated financial results for the third quarter ended 30 September 2020, and has revealed that it remains optimistic about its performance in the coming months.
China’s Belt and Road Initiative (BRI) projects have been adversely affected due to the world-wide disruption caused by the COVID-19 crisis, says GlobalData.
Despite the improved performance in most of the countries across North-East Asia, growth in construction output in the region has been revised down to 0.9%, according to GlobalData.
Dr John Irons, Halifax Fan UK, and Diane Wang, Halifax Fan China, provide an overview of how clinker cooler and sinter fans operate in cement plants.
According to GlobalData, construction output growth in China is expected to grow by just 1.9% in 2020.
The company has received large orders for medium-sized excavators from China, as the Chinese construction machinery markets begin showing positive signs of recovery.
While effects of the virus are not yet being felt in the construction sector, the uncertainty surrounding it is likely to keep cement prices flat in future months.
CEMEX has collaborated to develop youth employability and entrepreneurial skills through social initiatives such as its leadership of the New Employment Opportunities (NEO) initiative.