Cement News tagged under: construction
Euro area construction output down by 0.8%18 April 2013, Published under Cement NewsConstruction output in the euro area declined for the fourth consecutive month in February, the latest data from Eurostat shows. Construction in the euro zone decreased 0.8 per cent from January, when it fell 2.1 per cent, the European Union’s statistics office in Luxembourg said yesterday. The January figure was revised lower from an initial estimate of a 1.4 per cent drop. However, from a year earlier, February construction gained 0.8 per cent. In Germany, Europe’s biggest economy, c... |
CPA: UK construction output, growth ‘conceals underlying trend’15 April 2013, Published under Cement NewsThe latest figures from the UK’s Office of National Statistics (ONS) published Friday indicated a pick-up in February as the industry recovered from the poor weather experienced in January. Overall, construction output in February was 5.5 per cent higher than in January but 7.0 per cent lower than it was one year ago. Commenting on the figures, Construction Products Association Economics Director, Noble Francis said: “It was expected that construction output in February would be considera... |
Credit Suisse sees Indian demand higher from next fiscal11 April 2013, Published under Cement NewsDespite the Indian cement sector facing a number of challenges last year, Credit Suisse forecasts improvements in consumption going forward with higher growth rates expected from the next fiscal. The domestic market saw mixed results in calendar year 2012, with the first half proving encouraging but a slowdown in the second part of the year fell short of analysts expectations. While the initial months of 2013 have failed to bring any real cheer to the sector, analysts at Credit Suisse see... |
South African market challenges08 April 2013, Published under Cement NewsFull-year data for South African cement sales released this week show that dispatches edged ahead in 2012, but the growth rate remained tepid. Producers will hope that the government's new infrastructure plans will deliver a new growth impetus to the market. Meanwhile, the country's leading cement producer is pursuing additional opportunities across sub-Saharan Africa to bolster profits. South African cement demand has been rising gradually since 2010 and data released on Wednesday by t... |
UK construction declines for fifth straight month05 April 2013, Published under Cement NewsUK construction sector shrank for the fifth consecutive month in March but expectations for the sector have improved. Markit’s latest purchasing managers’ index (PMI) for constructors came in at 47.2 last month – up from 46.8 in February, but still below the 50 mark that indicates no change. Eight of the last 10 months have seen activity of the construction industry decline, the data shows. “The construction sector seems to have a spring in its step as confidence hit its highest level... |
Euro-area construction output falls 1.4%20 March 2013, Published under Cement NewsEuro-area construction in January 2013 fell 1.4 per cent from the month before as gains in Germany were offset by slumps in Spain and France, according to latest figures by Eurostat. Euro-area construction output fell the most in four months in January following December’s rise of 0.3 per cent, the European Union’s statistics office in Luxembourg said yesterday. The December figure had earlier been estimated as a 1.7 per cent drop. France, the euro area’s second-largest economy, show... |
Calls for a review of Vietnam's cement industry master plan20 March 2013, Published under Cement NewsVietnam’s Building Materials Association has used the Ministry of Construction (MoC) to adjust the master plan for the cement industry for the 2011-20 period and has suggested a series of measures to ease the current surplus situation. The move follows a rising inventory following increases in capacity and lower domestic demand. Current inventory is estimated to reach 25Mt by 2015 and 40Mt by 2020. The association has therefore proposed the government halt nine small cement projects and r... |
Lafarge Zambia: sufficient stocks to cater for demand14 March 2013, Published under Cement NewsWith Zambia readying itself to co-host the United Nations World Tourism Organisation (UNWTO) General Assembly later this year, the official distributor of Lafarge Zambia’s products has said the cement producer has adequate stocks to meet demand. The city of Livingstone is currently undertaking a number of projects such as construction of the town centre market, international bus terminus, new stadium, ablution blocks and upgrading of roads among others. The UNWTO is scheduled for 24-29 Augu... |
Cemex to supply new hydroelectric plant and tidal barrage in the Nile River11 March 2013, Published under Cement NewsCemex in Egypt is supplying cement for the construction of a new tidal barrage and hydroelectric power plant in the Nile River that is expected to generate 32MW of energy and also improve the irrigation to a landmass of about 1.6 million acres large, the equivalent to eight times the area of New York City. This project, funded by the Egyptian government, is expected to improve navigation in the Nile and provide water and clean, renewable energy to the five neighbouring cities of Assiut, M... |
UK: falls in construction output point to poor 1Q1311 March 2013, Published under Cement NewsThe latest figures from the Office of National Statistics (ONS) published on Friday show that construction output in the UK fell sharply in January, with falls across almost every sector. Overall, construction output in January was 6.3 per cent lower than in December and 7.9 per cent lower than it was one year ago. Commenting on these latest figures, Noble Francis, Economics Director at the Construction Products Association said: “Although poor weather during January undoubtedly exacerba... |