Cement News tagged under: construction
US residential market expected to accelerate in 201506 January 2015, Published under Cement NewsThe US housing market is expected to accelerate during this year, according to the latest commentary from Ed Sullivan, chief economist and group vice president of the PCA. Presenting the industry body’s 2015 residential forecast at International Builders Show, Mr Sullivan highlighted that recent growth in the economy, as well as continued added jobs to the United States workforce have 'fortified both economic and residential construction growth across the country.' On the back of these enc... |
East Africa rises05 November 2014, Published under Cement NewsEast Africa’s cement demand continues to rise as infrastructure and housing needs provide the basis for future consumption. While cement capacity investments continue, a shift in the make-up of ownership is being seen as local companies take up a more prominent position. By Francis Mwangi, Standard Investment Bank Ltd, Kenya. The emerging East African market is characterised by new capacities, growing exports and growing consumption trends Over the past decade, the east African ... |
MPA: sales volumes indicate further growth04 November 2014, Published under Cement NewsAn acceleration in third-quarter sales compared to the previous quarter indicated continuing growth in construction activity, according to latest figures from the Mineral Productions Association (MPA). Statistics published yesterday by the MPA show sales volumes for asphalt, ready-mixed concrete and crushed rock in 3Q rose by 2.5-3.5 per cent compared to the previous quarter, and 8.5 per cent for sand and gravel. Crushed rock sales, it noted, have been particularly strong, up 13 per cent ... |
Cemex supplying Braskem Idesa-Etileno plant, Mexico25 August 2014, Published under Cement NewsCemex is supplying 250,000m3 of a variety of specialised, ready-mix concretes for the construction of the new Braskem Idesa-Etileno XXI Plant in Veracruz, Mexico. The plant, which will produce ethylene and polyethylene, is the largest petrochemical investment in Mexico in the past 20 years. Cemex began as a supplier for this project in 2012 with the construction of the foundation. As of today, the company has delivered 80 per cent of the 250,000m3 of concrete required for the project. Eti... |
MPA: positive 2Q14 sales point to second-half construction improvement04 August 2014, Published under Cement NewsFollowing the significant improvement in UK sales volumes of mineral products from mid-2013, the latest Mineral Products Association (MPA) data indicate further improvement in the first half of 2014. Compared to 2Q last year, crushed rock was the fastest growing market (up by nine per cent), whilst both asphalt and sand and gravel were four per cent higher. Ready mixed concrete sales fell 3.2 per cent over the period, but the decline should be viewed in the context of the very high volumes ... |
Philippine cement sales growth continues24 July 2014, Published under Cement NewsCement sales in the Philippines rose 3.2 per cent in the second quarter of this year, underpinned by public works projects and private sector construction activity. Latest figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that member-companies sold 5.52Mt in the three months to the end of June 2013 compared to 5.349Mt in the same period of last year. First half sales rose six per cent to 10.718Mt versus 10.136Mt in 1H13. CemMAP president Ernesto Ordo... |
Housebuilding boosts UK construction growth04 July 2014, Published under Cement NewsUK construction has grown at its fastest annual pace in four months during June 2014 led by an increase in housebuilding, a survey has suggested. The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 62.6 in June from 60.0 in May, its highest level since February and well above the forecast for a fall to 59.5. The reading beat analysts' forecasts for a fall to 59.5. A measure above 50 indicates growth in the sector. "(This) represents a remarkable yardstick of prog... |
Pakistan FY14-15 Budget set to positively impact on the cement sector04 June 2014, Published under Cement NewsPakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of infrastructures and energy-related projects which look set to spur demand. It is hoped that a 24 per cent increase in higher Public Sector Development Programme spending (PSDP), investments in irrigations, improving the road network and housing projects will accelerate cement demand from the current growth rate of t... |
Lafarge Republic & Global Power team up for special cement variant26 May 2014, Published under Cement NewsLafarge Republic, Inc (LRI) and Global Business Power Corporation (GBPC) have launched an initiative aimed to lower the costs of rehabilitation projects, such as the rebuilding efforts for Yolanda- and the Bohol earthquake-affected areas of the Philippines, through the introduction of a special cement variant called “Kapit–Balay” cement. Kapit-Balay cement is a result of the Total Ash management partnership between LRI and GBPC. Under this collaboration, Lafarge utilises the fly ash from GB... |
Chinese sector set for turbulent ride – MS01 May 2014, Published under Cement NewsThe Chinese cement industry is in for a turbulent ride, according to analysts at Morgan Stanley, as falling construction starts and infrastructure investment affect demand. "Slower sales momentum, rise in inventory and tighter credit conditions will drive developers to start destocking, which would undermine new construction starts in 2014 and even into 2015," the investment bank said. Fewer land purchases by developers will also hit funding to local government and therefore infrastructure... |