Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News RHI Magnesita gives first quarter 2020 trading update

RHI Magnesita gives first quarter 2020 trading update

Written by Global Cement staff 06 May 2020
  • Print

Austria: RHI Magnesita has published a trading update in which it says that ‘the difficult market environment of the second half of 2019 continued into the first quarter of 2020, with limited impact from the COVID-19 outbreak.’ Demand remained consistent year-on-year, with its industrial division continuing to perform well, particularly in cement.” The company noted lower raw material costs due to ‘reduction in overall demand and uninterrupted supply from China.’ RHI Magnesita has increased its focus on cost management, temporarily closing one Mexican and three European plants, introducing short-time working and deferring at least Euro45.0m of capital expenditure in 2020.

In the second quarter 2020, RHI Magnesita said, “The trading environment has become increasingly challenging” as a result of the COVID-19 outbreak, which caused a drop in ‘customer activity and order book levels.’ In spite of this, cement sector sales ‘remained relatively resilient,’ with some producers ‘accelerating maintenance work in shutdowns,’ partially offsetting the effects of project postponements.

Last modified on 01 June 2020
Published in Global Cement News
Tagged under
  • Austria
  • RHI Magnesita
  • Trading
  • market
  • coronavirus
  • demand
  • Raw Materials
  • cost reduction
  • Production
  • Staff
  • capital expenditure
  • Maintenance
  • Project
  • GCW454

Related items

  • UltraTech Cement records 47% nine-month profit growth
  • Holcim España begins consultation on staff reductions at Jerez cement plant for transition to grinding only
  • IKN presented with first clinker from upgrade at CBR Cement’s Antoing plant in Belgium
  • Peruvian cement production falls by 14% to 9.14Mt in 2020
  • Hauliers strike causes cement shortages in Mali

Catch up on the latest coronavirus news on Global Cement's hub page

back to top
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.