Cement News tagged under: construction
UK: construction output at lowest level for more than 10 years12 November 2012, Published under Cement NewsThe latest construction output figures from ONS published on Friday show that output in 3Q has fallen for the fifth consecutive quarter, with falls being experienced across almost every sector of the industry. Output is now at its lowest level since the second quarter of 1999. Overall, construction output in the third quarter of 2012 was 2.6 per cent lower than in the preceding quarter and 11.3 per cent lower than it was one year ago. Commenting on these latest figures, Noble Francis, E... |
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |
Concerns on UK construction indicators05 November 2012, Published under Cement NewsThe latest Construction Trade Survey published today shows that construction activity fell sharply in 3Q, despite a return to growth for the UK economy as a whole. Of greater concern, however, the forward looking indicators of orders and enquiries, were also negative, reinforcing concerns that the sector is unlikely to experience growth until at least 2014. Commenting on the survey, Noble Francis, Economics Director at the Construction Products Association said: “Conditions throughout c... |
Boral sees US housing recovery02 November 2012, Published under Cement NewsAustralian market conditions have remained difficult in the quarter to the end of September, though weather conditions have been somewhat better. While infrastructure investment has been strong, this has not been sufficient to offset the continued negative impact coming from the residential market. Cement pricing has been weak because of low import parity costs that reflect low bulk shipping rates and a strong Australian dollar. A review of the cement operations is currently underway to r... |
Cementos Pacasmayo sales rise 17.5 per cent, Peru01 November 2012, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar... |
Philippine nine-month cement sales surge24 October 2012, Published under Cement NewsPhilippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad... |
UK construction rebound not seen until 201416 October 2012, Published under Cement NewsConstruction output is forecast to fall by 6.3% this year and a further 1.4% next, before a return to growth in 2014 according to the latest Construction Industry Forecasts published today by the Construction Products Association (CPA). This decline will mean a reduction of almost GBP8.5bn of construction activity over these two years, undermining the ability for construction to lead the UK’s economic recovery, the CPA states. Commenting on these forecasts, Noble Francis, Economics D... |
UK construction output down 11.6 per cent in August15 October 2012, Published under Cement NewsUK construction output fell 11.6 per cent YoY in August 2012, non-seasonably adjusted data from the Office for National Statistics showed on Friday. Compared to July, construction dipped 0.9 per cent after a 2.1 per cent month-on-month rise in July. Between June and August construction output dropped 11.9 percent compared to the same three months in 2011, with the main drag coming from a 15.6 percent slide in new work. The ONS warned that caution should be taken when interpreting mov... |
Pakistan cement market progress15 October 2012, Published under Cement NewsLatest statistics on the Pakistan cement sector show that the country will have ended the first quarter of FY12-13 (July-September 2012) ahead of the same period as last year as September sales gather pace on the back of increased real estate activity and higher government infrastructure spending. Improving prices and government incentives are likely to further spur industry profitability but declining exports remain a concern. Preliminary estimates for September 2012 dispatches show tota... |
Indonesia/Japan agree on infrastructure plan11 October 2012, Published under Cement NewsIndonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5... |