Cement News tagged under: construction
GCC: long-term focus03 February 2014, Published under Cement NewsGlobal Investment House (GIH) anticipates that cement demand growth in the Gulf Cooperation Council (GCC) region will advance from 4-5 per cent growth in 2013 to 6-7 per cent this year. Investment in new capacity is strong and confidence is returning to markets. So who will be the winners among the cement producers? By Hettish Karmani, Global Investment House, Kuwait. Cemtech Conferences & Exhibitions looks forward to returning to Dubai for its ninth Middle East & Africa event in ... |
Double-digit rise in Nepal cement sales23 January 2014, Published under Cement NewsNepal-based cement producers have reported a 10-15 per cent YoY increase in 2013 cement sales as the construction of dams, bridges and housing projects boosts demand. According to the Nepal Cement Manufacturers Association, there are around 44 cement facilities, of which around 12 are able to produce clinker. Despite local production being able to satisfy domestic demand, around 15 per cent of cement requirements are imported, according to Tara Pokharel, general secretary of the associa... |
India Ratings maintains 'stable negative' outlook on cement sector21 January 2014, Published under Cement NewsIndia Ratings has maintained a ‘stable negative’ outlook for the domestic cement sector in FY15 given the slowdown in construction and infrastructure sectors. Cement demand is expected to remain subdued with growth pegged at around 5-6 per cent in FY15, according to the research house. However, while slower infrastructure and construction activity impact growth, a number of other key drivers will help lift demand going forward. “"The growth will be supported by an expected increase in dem... |
Cemex cautiously optimistic on Latvian outlook04 December 2013, Published under Cement NewsCemex is cautiously optimistic on the outlook for Latvian construction activity in 2014 as a pick-up in activity is starting to be seen. Cemex country CEO Enrique A Garcia said that growth has finally resumed in the construction industry, albeit from a low base, LETA news agency reported. During recent times of depressed domestic demand, the company has been highly-dependent on regional exports. However, forecast indicate an improvement and Cemex is cautiously optimistic on the outl... |
Euroconstruct adjusts 2013-15 forecasts02 December 2013, Published under Cement NewsConstruction forecast group Euroconstruct has published its updated Construction Investment forecasts for 2013-15 which sees a three per cent decline this year across the 19 countries for which it provides forecasts, and a gradual upturn from 2014. In western Europe its overall expectations remain unchanged at a 2.7 per cent decline. Its forecasts for Germany were revised down (+0.3 per cent compared to a previous estimate of +1.2 per cent), while the UK has been upgraded from -2 per cent ... |
Lafarge to boost construction capabilities28 November 2013, Published under Cement NewsLafarge Cement Sdn Bhd, a wholly-owned subsidiary of Lafarge Malaysia Berhad, has signed a Memorandum of Understanding (MoU) with CIDB Holdings Sdn Bhd, a wholly-owned subsidiary of the Construction Industry Development Board Malaysia, to promote the use of cement and concrete and improve construction standards and sustainable construction practices. Under the MoU, Lafarge and CIDB will collaborate to provide training and certification to construction personnel. This partnership aims to dev... |
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Euro area construction output rises in August28 October 2013, Published under Cement NewsEU construction output increased in August 2013, latest data from Eurostat shows. Seasonally-adjusted production in the construction sector was 0.4 per cent higher in August than in July. Output has been steadily rising since March but remains at historically low levels. Production in August 2013 was 2.5 per cent lower than that in the same month a year earlier. Portugal led the recovery with a 10.8 per cent hike in output from July, followed by Sweden (+4.8 per cent), Hungary (+4.0 per cen... |
CPA lifts construction growth outlook, UK23 October 2013, Published under Cement NewsThe Construction Products Association is anticipating growth of 19 per cent for the UK construction industry by 2017 – an upward revision from its summer forecast, reflecting an increase in activity, which will boost UK GDP by an additional GBP20bn. Noble Francis, Economics Director of the Construction Products Association, commented: “Construction is set to enjoy growth over the next four years as it recovers from its worst recession in over 35 years. This is mainly due to private housing,... |
Spanish demand falls 22% in first nine months22 October 2013, Published under Cement NewsCement consumption in the first nine months of this year fell by 22 per cent YoY to 8.3Mt, latest data from domestic association Oficemen shows. In September, demand fell to 947,170t, a decline of nine per cent YoY. "The continuing cuts in public works investments are a blow to the activity and jobs in the construction sector, an industry that has been generating wealth and jobs in our country and a benchmark for global efficiency," CEO of Oficemen, Aniceto Zaragoza, said. Citing da... |