Cement News tagged under: construction
UK construction falls 11% YoY, further declines ahead28 January 2013, Published under Cement NewsLatest figures by the Office of National Statistics (ONS) show that UK construction edged ahead on a quarterly basis in the final three months of 2012. However, activity declined by 11 per cent YoY and further falls are expected in the year ahead. ONS figures published on Friday show the UK economy fell by 0.3 per cent in the final quarter of 2012 compared to the previous quarter and was flat compared to the same quarter a year ago. The main contributors to this fall were the manufacturi... |
Euro area construction output down 0.4 per cent in November18 January 2013, Published under Cement NewsConstruction output in the 17-nation euro area decreased 0.4 per cent in November according to first estimates released by Eurostat. In Germany, Europe’s largest economy, November construction advanced one per cent from a month earlier, while Spain gained 1.2 per cent, according to today’s report. However, these gains were offset by falls in France and Italy, where output dropped 0.5 per cent and 3.4 per cent, respectively. In the 27-nation EU, construction fell 0.9 per cent from October... |
Peru’s cement shipments increase 15% in 201216 January 2013, Published under Cement NewsCement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at the Economic Research Department of Scotiabank, Pablo Nano, said the increased sales of cement in Per... |
Nomura initiates Siam Cement coverage with a 'buy'04 January 2013, Published under Cement NewsNomura initiated coverage of Siam Cement Pcl, Thailand's biggest industrial conglomerate with a 'buy' rating, citing strong cement business on the back of infrastructure spending and improving petrochemical cycle. The broker set a price target of THB530, according to reports by Reuters. "The company's cement business has had strong performance in 2012 driven by government's massive infrastructure spending ... However, SCC underperformed Siam City Cement despite SCC's superior earnings ... |
Further double-digit gains forecast for Indonesian demand03 January 2013, Published under Cement NewsIndonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part to the economic development master plan (MP3EI). “The domestic cement consumption is still high, ... |
IFC to loan Kerbala Cement US$70m for plant rehabilitation03 January 2013, Published under Cement NewsThe IFC, a member of the World Bank, is to provide a US$70m loan to Kerbala Cement Manufacturing (KCML) to rehabilitate its cement plant near the city of Kerbala. KCML, a subsidiary of the Lafarge group, will undertake the work under a concession agreement with the government of Iraq. The financing is expected to help bolster Iraq's construction sector, a key source of jobs, and support rebuilding efforts in the country, which is in dire need of infrastructure following years of conflict. ... |
Deutsche Bank more positive on European building sector in 201320 December 2012, Published under Cement NewsDeutsche Bank expects cement stocks to be among the front runners in any cyclical recovery in 2013 and recommends "buying" HeidelbergCement, Buzzi Unicem and Lafarge as its top picks within the sector, according to reports by Bloomberg. The bank takes a more positive view on the European building materials sector saying it should benefit from a return to 3.5 per cent global GDP growth while there could well be a growth surprise in the euro area. "Into 2013 we believe the significant lever... |
Euroconstruct downgrades European construction forecasts16 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont... |
Euroconstruct reduces European output forecasts13 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both 2012 and 2013 with a slow recovery expected for 2014. It its latest forecasts published yesterday, the research group expects European output to decline by 4.7 per cent this year, 2.6 percentage points lower than it predicted in June 2012. A future decline of 1.6 is envisaged in 2013 (from a previous forecast of +0.4 per cent) and in 2014 it sees growth of one per cent (previously +1.7 per cent). Its initial ... |
MPA welcomes Autumn Statement’s modest boost to construction10 December 2012, Published under Cement NewsAlthough the Autumn Statement by the UK's Chancellor of the Exchequer, delivered on 5 December, predicts an extended period of low economic growth and high public borrowing and deficits, the Mineral Products Association (MPA) sees the transfer of funding from current account revenue budgets to capital investment in construction represents a net positive for the construction and mineral products industries. MPA's pre-Autumn Statement representations called for a focus on additional and e... |