Cement News tagged under: Construction
South African cement sector is operating in survival mode13 July 2020, Published under Cement NewsBheki Mthembu, head of the inland business unit of PPC, says the lack of large-scale construction projects in South Africa has left cement producers heavily dependent on residential construction. "The sector has had issues for a while and government needs to support us through infrastructure maintenance and other projects. We were in survival mode and COVID-19 almost served as the final nail in the coffin," said Bheki Mthembu. "There is a very small piece of cake that everyone ... |
Work on Potosí to resume01 July 2020, Published under Cement NewsConstruction work on the new state-owned Potosí cement works in Bolivia will resume in July, according to House of Representatives member Gonzalo Barrientos. "In July, the works of the Potosí cement factory will restart, which is part of the economic reactivation measures. In five months, the project for provisional delivery will be completed," said Mr Barrientos. Pending resources will be transferred to the company in charge of project implementation so the work can be resumed. In addi... |
Federal Budget FY21 impacts positively on the cement industry in Pakistan15 June 2020, Published under Cement NewsHammad Azhar, Pakistan's Federal Minister for Industries and Production, on June 12 unveiled a tax-free federal budget for FY20-21 in Parliament with a total outlay of PKR7.136trn (US$43.2m), to spur economic recovery following the economy's contraction in the outgoing fiscal year for the first time since 1952, due to COVID-19. He proposed no increase in salaries of its employees and pensioners, a rise in levies on luxury products, and tax relief for the cement sector, sanitary-ware and lo... |
Return to prosperity forecast for Pakistan's cement sector08 June 2020, Published under Cement NewsPakistan's cement industry is likely to prosper in the coming months, due to some positive developments at the local and international level, anticipated by three of Pakistan's leading research houses. BMA Capital Management forecasts that the cement sector is showing signs of revival, backed by initiation of the Naya Pakistan Housing Scheme and construction package announced by the government. Moreover, the easing of lockdowns has raised hopes for improved cement dispatches in the coming m... |
Russia picks up the pace27 April 2020, Published under Cement NewsFollowing a stagnation of the Russian cement market in recent years, domestic cement producers are expected to see moderate growth in demand in 2020. However, as the government ramps up its national construction projects, market expansion is forecast to accelerate from 2021 onwards. By Alexey Semenov, GS-Expert LLC, Russia. While office construction was down in 2019, other construction markets offset the segment’s decline, resulting in an expanding non-residential construction s... |
CMIC president warns that workers may soon lose salary17 April 2020, Published under Cement NewsThe national president of the Mexican Chamber of the Construction Industry (CMIC), Eduardo Ramírez Leal, has warned that the minimal operation of smaller construction companies will result in around 500,000 workers in the sector losing income at the end of April. "In the next 15 days, it's when a lot of workers are no longer going to be getting paid because their employers won't have to pay them," said Mr Leal. The chamber represents 12,000 construction companies across the country. "I... |
Pakistan announces the much-anticipated construction package07 April 2020, Published under Cement NewsPakistan's Prime Minister, Imran Khan, last week announced the much-awaited Construction Package, which is mainly comprised of tax incentives for the construction industry. The sector has now been given the status of an industry. Economists and research houses called the package a boost for the construction and cement industries with little reservation and pointed out that while it looks very good on paper, the timing of its announcement is less than ideal, due to the atmosphere of uncert... |
Government relief package expected for construction sector03 April 2020, Published under Cement NewsPakistan's Prime Minister, Imran Khan, is likely to announce a relief package for the construction industry and issue a directive for the resumption of all China Pakistan Economic Corridor (CPEC)-related infrastructure and energy projects on Friday and this anticipation has renewed interest in investors to buy leading cement scripts of the Pakistan Stock Exchange (PSX) for the last two days. The relief package will also support the uplift of other industries allied with the construction sec... |
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
US growth settles down19 March 2020, Published under Cement NewsWhile the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 (Source: PCA) The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stag... |