Cement News tagged under: construction
Qatar could face shortages due to lack of capacity additions17 October 2013, Published under Cement NewsQatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition venues to support an influx of visitors. Projects are currently focused on housing, hotels, 12 stadi... |
PCA: political risks could derail US recovery11 October 2013, Published under Cement NewsUS economic growth and employment levels continue to improve and PCA forecasts that this trend will carry on through 2013. However, the association warns that domestic political risks do have the potential to undermine this improvement. A recent article by the PCA notes that the Federal government shutdown (depending on its duration), along with long-term debt ceiling and budget sequestration actions could present near-term weakness. In terms of construction, the residential market is heal... |
MPA calls for government to sustain UK industry24 September 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK yesterday launched a landmark document for the UK cement industry. The new publication launched on Monday sets out to explain the importance of cement and concrete to the UK economy and society and is entitled ‘Cementing the Future – Sustaining an Essential British Industry’. It further draws attention to the vulnerability of the industry to overseas competition unless the government acts to create a level playing field in terms of the cost of... |
US to drive gains in Cemex EBITDA – report23 September 2013, Published under Cement NewsThe US construction sector is expected to be the main driver behind an annual 12.6 per cent rise in Cemex’s EBITDA over the next five years, a report by Banco Monex has stated. Cemex is expected to achieve an annual growth rate in sales and EBITDA of 6.7 per cent and 12.6 per cent respectively over the next five years, driven by a recuperation of the US construction sector, the report said. In the first half of this year, Cemex’s United States, turnover advanced by a further 8.4 per cent t... |
Jan-August cement dispatches in Peru rise 9.9%20 September 2013, Published under Cement NewsCement shipments in the Peruvian market totalled 6.701Mt between January and August 2013, reflecting a 9.87 per cent increase YoY, according to the country’s cement association, Asocem. Cement production during the period was 6.847Mt, up 9.81 per cent from 6.236Mt recorded in Jan-Aug 2012. Exports in August reached 125,027t, noting a significant advance of 36 per cent YoY. In August 2012, Peru’s cement producers exported 91,834t. Roberto Flores of the research house Inteligo Broke... |
PCA sees higher demand growth from 201413 September 2013, Published under Cement NewsWhile an unusually wet spring and early summer impacted cement consumption in the first quarter of 2013, it has not put a dampener on the opportunity for strong growth in the construction sector in 2014 and beyond, the Portland Cement Association (PCA) writes in its latest forecast. The industry association sees cement consumption increasing by a modest four per cent in 2013, but will approach double-digit growth in 2014 and 2015, with 9.7 per cent consumption increases in both years. "... |
Cemex starts affordable housing construction project, Dominican Republic05 September 2013, Published under Cement NewsCemex has launched the construction of 186 units of affordable housing in the province of San Pedro de Macoris, during a ceremony headed by the President of Dominican Republic, Danilo Medina. The 186 homes are part of the first stage of Altos del Higuamo project, which includes the construction of 568 houses with a total investment of approximately US$18m. The first 60 units will be delivered in December 2013. This housing complex is outstanding in its category and includes green, instit... |
Armenia production rises 6.2% in first seven months02 September 2013, Published under Cement NewsCement production in Armenia rose by 6.2 per cent in the first seven months of the year, according to the latest data from the country’s national statistics service. During January-July 2013, Armenia produced 235,600t of cement, the government’s statistics agency reported. Meanwhile, local press reported that 92,500t of this amount was exported to neighbouring Georgia. Armenia’s building sector was severely impacted by the global financial crisis and the effects have continued to linger... |
Bolivia's producers optimistic on buoyant market09 August 2013, Published under Cement NewsIn the past three years, Bolivian cement demand has increased between 9-10 per cent annually, according to the Bolivian Institute of Cement and Concrete (IBCH). The organisation also expects this growth rate to continue over the next two years. "Low interest rates and the availability of money in the economy certainly have boosted residential construction of all types," said Marcelo Alfaro, CEO of IBCH and added that the level of income the country currently receives and large infrastruct... |
Spain registers further market contraction17 July 2013, Published under Cement NewsThe Spanish cement market registered a 24 per cent YoY drop in the first half of 2013 and the decline is expected to continue through the remainder of the year. In the first six months of 2013 domestic cement sales were 5,472,933t, latest data from local cement association Oficemen shows. On the supply side, Spain produced 6,459,917t of cement, representing a fall of 22.2 per cent. In June 2013 alone, Spanish consumption fell a further 23 per cent YoY to 972,421t in the same month of... |