Cement News tagged under: Construction
Saint-Gobain acquires Canada-based Bailey Group09 April 2024, Published under Cement NewsSaint-Gobain has entered into a definitive agreement for the acquisition of The Bailey Group Companies, consisting of Bailey-Hunt Ltd and its subsidiaries, a privately owned manufacturer of metal building solutions for light construction in Canada, for CAD880m (US$651.8m) in cash. Bailey is a leading player in metal framing in Canada, posting sales of CAD532m in 2023. With a 75-year history, it operates 12 manufacturing plants across Canada and has been a long-standing partner of Saint... |
Funding boost for Peruvian construction sector08 April 2024, Published under Cement NewsInternational Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance group BBVA in Peru with the objective to promote sustainable construction and energy efficiency projects in the country. The first part of the financing, carried out in June 2023 by IFC, was for US$150m. The financing package from IFC and JICA will allow BBVA to strengthen its loan portfolio for sustainable constr... |
Holcim acquires concrete construction systems specialist Tensolite05 April 2024, Published under Cement NewsHolcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with US$22m of net sales in 2023 and a strong presence in fast-growing Latin American markets. With plants and a distribution network across Argentina, Paraguay and Uruguay, Tensolite will expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint. Oliver Osswald, region head Latin America, said: “By acquiring Ten... |
South African construction index expands04 April 2024, Published under Cement NewsAfrimat has released the findings of its Afrimat Construction Index (ACI) for the 4Q23. The ACI is a composite index of the level of activity within the South African building and construction sectors and is compiled by economist Dr Roelof Botha on behalf of Afrimat. According to Dr Botha, the lethargy of the economy as a whole during the fourth quarter of last year was evident in the construction sector, with five of the 10 constituent indicators of the ACI recording QoQ negative real gr... |
AfriSam annual budget discussion centres on sluggish construction sector05 March 2024, Published under Cement NewsAfriSam recently gathered its stakeholders for its Annual Budget Breakdown event in Johannesburg, to hear insights on the construction sector and budget speech. Econometrix Chief Economist, Dr Azar Jammine, highlighted that the South African construction and building industries were still in the doldrums, with little sign of emerging from it soon. Dr Jammine pointed to the low economic growth rate and the poor level of gross fixed capital formation as the key culprits for the situation... |
Slow recovery for Europe's construction and infrastructure23 February 2024, Published under Cement NewsAs government economic stimulus packages for dealing with COVID gradually faded out in 2023, Europe's construction and infrastructure sector witnessed a fall in demand and saw the collapse of many developers. Although inflation is set to decline, aleviating the cost of building materials, analysts CIC-Market Solutions still expect construction output in Europe to have declined by 2.8 per cent in 2023 with a further 2.7 per cent drop forecast in 2024. And while the sector sees demand slipping... |
Holcim expands Solutions & Products business08 February 2024, Published under Cement NewsHolcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, Asia and the Americas. The deal forms part of Holcim's efforts to advance its Solutions & Products business to 30 per cent of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation. According to Holcim, with its integrated green and solar roofing systems, ZinCo is expanding Holcim’s specifi... |
Enhancing productivity dominates construction start-ups, reports CEMEX26 January 2024, Published under Cement NewsCEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, has released its list of the most promising construction technology (Contech) start-ups of 2024. The list reveals the most disruptive start-ups that are redefining the construction industry according to the corporate venture capital’s four strategic focus areas: green construction (sustainability), enhanced productivity (efficiency), construction supply chain (agility), and future of construction (disruption).... |
Germany cement contracts as conditions worsen19 January 2024, Published under Cement NewsAs Germany's economy faces its worst economic slump in recent times, the domestic construction sector has little to look forward to this year as investments and output shrink under pressure. Data released last week shows that Germany's pre-adjusted GDP fell by 0.3 per cent in 2023 in an environment that continues to be marked by multiple crises, according to national statistics office, Destatis. Despite recent declines, prices remained high at all stages in the economic process and put a da... |
Hoffmann Green signs housebuilding contract10 January 2024, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies , a manufacturer of clinker-free cement, has announced the signing of a partnership until the end of 2027 with Groupe Trecobat, the fourth-largest builder of single-family homes in France. This partnership with Hoffmann Green will enable Groupe Trecobat to reinforce its low-carbon strategy by taking advantage of Hoffmann’s clinker-free cements for the construction of Trecobat Green homes . For Hoffmann Green, this marks the first partn... |