Cement News tagged under: construction
Sri Lanka sales expected to pick up17 July 2013, Published under Cement NewsFollowing a contraction in the first quarter of this year, cement demand in Sri Lanka is expected to pick up, according to forecasts by one of the country’s leading producers. "During 2012, the momentum of residential housing construction slowed down, and in the first quarter of 2013, private tourism related constructions too, indicated signs of slower growth," managing director of Tokyo Cement, SR Gnanam, told shareholders in the annual report. "Meanwhile, the SME contractor segment, t... |
MPA welcomes spending review but reiterates need for accelerated delivery28 June 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK welcomes the Chancellor’s commitment to increase public investment to over GPB50bn per year from 2015-16 as well as the announcements on infrastructure, but remains concerned about the need for short term investment prior to the election. Nigel Jackson, Chief Executive MPA, said: “We have heard the words, we now need a greater sense of urgency and accelerated delivery to create confidence for the private sector to invest to really boost gro... |
Mixed bag from Euroconstruct as forecasts are reduced even further19 June 2013, Published under Cement NewsEuroconstruct has further reduced its forecasts for European construction output, according to figures released last week. Although 2013 is still expected to be the trough, with construction output predicted to decline by 2.8 per cent, volumes in 2015 are now forecast to be even lower than 2012. However, the pace of the reductions has slowed from six months ago. The reductions for 2013 are spread across three sectors with a fall of 1.4 per cent for housing, 1.2 per cent for non-housing an... |
Cement sector set to benefit from Pakistan FY13-14 budget13 June 2013, Published under Cement NewsPakistan’s cement sector has welcomed the new Pakistan federal budget for FY13-14, presented by the country’s finance minister Ishaq Dar to parliament. The budget includes the National Economic Council’s approval of PKR1155bn (US$11.7bn) in development projects, including the PKR540bn Federal and the PKR615bn Provincial Public Sector Development Programmes, which will see considerable investment in water, energy, road, rail as well as transport and communication networks. Water projects w... |
PCA expects accelerated second-half demand to spur US market recovery04 June 2013, Published under Cement NewsUS cement consumption growth will continue through 2013 and increase by 6.2 per cent YoY, according to the latest forecasts from the Portland Cement Association (PCA), with the majority of market recovery expected to occur in the second half of the year. "Recessions correct imbalances generated during boom periods," Ed Sullivan, PCA chief economist said. "Few economists doubt the generation of a large pent-up demand during the past several years. The question is, when the economy will unlea... |
Lafarge Malayan Cement 1Q13 revenues edge ahead23 May 2013, Published under Cement NewsLafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl... |
EU construction output falls in March20 May 2013, Published under Cement NewsConstruction output in the EU27 fell by 1.7 per cent in the euro area and 1.1 per cent in March 2013, compared with the previous month, according to first estimates released by Eurostat, the statistical office of the European Union. Compared with March 2012, production decreased by 7.9 per cent in the euro area and by 7.2 per cent in the EU27 in March 2013. Among the Member States for which data are available for March 2013, production in construction fell in ten and rose in four. The l... |
Boral's 3Q earnings hit by weak residential market, Australia06 May 2013, Published under Cement NewsAustralian building materials major, Boral Ltd, announced that continued weakness in the domestic housing sector and weaker-than-expected results from its Construction Materials and Building Products operations adversely impacted its third quarter earnings. In a recent trading statement, the company said it now expects its net profit before one-off items to 30 June 2013 to be in the range A$90m to A$105m, assuming a further US$10m from property sales yet to be finalised. That would compa... |
MPA survey indicate further decline in UK construction activity22 April 2013, Published under Cement NewsSurvey results by the Mineral Products Association (MPA) results for the first quarter of 2013 confirm the slow start to UK construction activity in 2013 and it has expresed the urgent need for accelerated delivery of promised funding and projects. However, while construction output is expected to decline again this year, the Construction Products Association has forecast a recovery in 2014 and beyond. Compared with the first quarter of 2012, MPA data released Friday shows sales of const... |
Spanish monthly consumption down 40% YoY18 April 2013, Published under Cement NewsCement consumption in Spain continues descending with demand in March 2013 down 40 per cent YoY, according to the latest data released by domestic cement association Oficemen. Cement demand plummeted by more than half a million tonnes last month to 778,568t, compared to March 2012. Accumulated figures for the first quarter of 2013 also paint a grim picture, with consumption at 2.535Mt, down 29 per cent on the same period of last year. "In addition to the stoppage in construction, go... |