Cement News tagged under: construction
Chile notes 12 per cent increase in construction activity09 October 2012, Published under Cement NewsChile’s monthly index of construction activity, Imacon, registered a 12 per cent YoY rise in August, surpassing the 0.72 per cent increase noted in July. Javier Hurtado, director of studies of the Chilean Chamber of Construction (CCHC) said that the sector activity continues to show double-digit annual growth rates, in line with most of the indicator’s components (employment, demand for building supplies, building permits and general contractor activity). The activity of general contracto... |
Cemex signs agreement for Dominican Republic home construction09 October 2012, Published under Cement NewsCemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i... |
New research highlights critical economic role of the mineral products industry08 October 2012, Published under Cement NewsNew research from leading economic consultancy Capital Economics has highlighted the critical role of the minerals products industry to the UK economy. The Capital Economics research has found that the UK Minerals Products Industry: • Makes a Gross Value Added (GVA) contribution to the UK Economy of over GBP4bn pa – greater than creative industries such as film and video and not far short of motor vehicles and aerospace • Generates an annual turnover of GBP9bn • Has labour product... |
Construction held by challenging macroeconomic environment08 October 2012, Published under Cement NewsA recent research note by analysts at CM-CIC Securities sees four main themes for the global construction sector in light of a prevailing harsh macroeconomic environment. While diverse trends are being witnessed in the US and Europe and emerging markets are expected to see a slowdown in growth, a turning point could be reached in 2012-13 in terms of margins. Taking a historical look, the France-based research house highlights that today's construction industry crisis, which was fuelled by... |
Adelaide Brighton full year earnings on track, Australia04 October 2012, Published under Cement NewsAdelaide Brighton has confirmed it is on track to meet its 2011-12 earnings guidance, underpinned by its exposure to the resource and infrastructure sectors. Speaking to the Australian Financial Review, Adelaide Brighton managing director Mark Chellew said the group’s 2012 financial year net profit guidance was between A145m-155m. Although the group has been hit by a slowdown in the residential sector, it has reviewed its resources-based cement exposure and was not expecting any fall in ce... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |
Euro construction falls in July20 September 2012, Published under Cement NewsEuro-area construction output fell for a second month in July, led by declines from Spain to The Netherlands. Construction in the 17-nation euro area fell 0.3 per cent from June, when it dropped a revised 0.6 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, construction output declined 4.7 per cent. In Italy and Spain, the euro region’s third- and fourth- largest economies, output dropped 2.2 per cent and 2.1 per cent in the month, respectively, the... |
Cementos Argos announces investment in Colombia's central zone19 September 2012, Published under Cement NewsColombia’s leading cement producer Cementos Argos announced yesterday that it is to spend US$93m in expanding its cement capacity in the country’s central zone as the company positions itself for expected increases in domestic construction acitivity. The main focus of Argos’ investment will be the expansion of its Rioclara plant by 900,000tpa of cement. The project involves the extension of clinker capacity, the installation of a high-efficiency vertical mill plus packing and a truck load... |
UK construction activity contracts 10.1% in 2Q1217 September 2012, Published under Cement NewsUK construction sector activity was down 10.1 per cent in the year to July, official figures from the Office for National Statistics (ONS) said. The three months between May-July also saw a drop in output of 10 per cent YoY, the ONS data showed. But the ONS said that it was important to bear in mind that May's activity was higher than usual because a bank holiday was moved to June. In June there were two extra days' holiday for the Queen's Diamond Jubilee leaving output unusually dep... |
Greek 1H12 construction contracts 12%12 September 2012, Published under Cement NewsGreek construction activity shrank by an annual 12 per cent in the first half of 2012, leaving the industry on course for a seventh consecutive year of contraction as the cement industry heads towards a quarter of 2006 peak levels. Building activity in volume terms contracted to 9Mm3 in the six months to June from 10.2Mm3 a year earlier, statistics service ELSTAT said on Tuesday. It had stood at 36Mm3 in the first half of 2005, the sector's last year of expansion. Construction ha... |