Cement News tagged under: construction
Tvornica Cementa forecasts FY12 double-digit declines10 September 2012, Published under Cement NewsTvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const... |
UK: latest construction new orders remain depressed10 September 2012, Published under Cement NewsThe latest quarterly Office of National Statistics (ONS) figures for UK construction new orders released today show that new orders for construction remained at a depressed level in the second quarter of 2012, despite having risen 1.5% in the first half of 2012 compared to the same period one year earlier. New orders remain 40% lower than the pre-recession peak. Commenting on the new orders data, Noble Francis, Economics Director at the UK’s Construction Products Association (CPA) said: “... |
CPA: cautious welcome for Government’s housing sector boost07 September 2012, Published under Cement NewsThe UK's Construction Products Association (CPA) has cautiously welcomed the Prime Minister and Deputy Prime Ministers’ announcement to boost the housing sector. Commenting on these measures, Noble Francis, Construction Products Association Economics Director said: “Any change in policy that helps the ailing housing sector to recover must be considered positive, especially given that private housing starts in 2Q were 17 per cent lower than one year ago. The announcement stated that gover... |
UK August construction output shrinks05 September 2012, Published under Cement NewsThe UK construction industry shrank in August as new orders dropped at the fastest pace since April 2009, according to Markit Economics. An index based on a survey of purchasing managers fell to 49 from 50.9 in July, Markit and the Chartered Institute of Purchasing and Supply said in a statement on Markit’s website today. The median estimate in a Bloomberg News survey of 12 economists was for a reading of 50, the dividing line between growth and contraction. “UK construction firms are... |
Australia: market uncertainties ahead03 September 2012, Published under Cement NewsChallenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which became effective last month. Last year saw a decline in housing starts as rising interest rates coincided with the end of stimulus packages. In November 2011, the Reserve Bank cut interest rates by 25bp to spur the market into recovery although it was unable to stop further declines in financing approvals. Latest da... |
Cemex focuses spotlight on Colombia28 August 2012, Published under Cement NewsEarlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and in a concurrent private placement, to eligible investors outside of Colombia. The offer includes all of Cemex's assets in Central and South America but excludes Mexico. The move comes a... |
UK construction shrinks 10 per cent YoY13 August 2012, Published under Cement NewsUK construction output figures for 2Q12, published by the Office of National Statistics (ONS) on Friday, confirm that nearly every sector of construction activity, from private to public and from housing to infrastructure, has shrunk considerably over the last year and that overall, construction activity across Great Britain has contracted by 9.5 per cent in a year. The figures reinforce a number of recent construction indicators but there is growing concern that long term damage is now b... |
Fitch Ratings says outlook for Indian construction stable07 August 2012, Published under Cement NewsFitch Ratings says that the outlook for the Indian construction sector remains stable for 2H12, despite the continued unfavourable macroeconomic environment, as some of the risks have already been factored into the ratings. However, the medium-term outlook could be affected by ongoing challenges in execution, coupled with high interest rates and lacklustre equity markets. Fitch is concerned about the construction sector's growing order book position amid slowdown in project execution, as th... |
Construction contraction causes continuing consternation06 August 2012, Published under Cement NewsThe latest UK Construction Trade Survey published today, shows that during the second quarter of 2012 construction suffered another sharp fall across all parts of the industry including current workloads, new orders and tender prices, adding to the continuing woes and growing uncertainty for the UK economy as a whole. As public sector investment continued to decline, in line with the government’s budget deficit reduction objective, there was no sign of any private sector recovery to off set... |
Sharp construction fall causes deepening UK recession26 July 2012, Published under Cement NewsUK GDP figures from the Office of National Statistics (ONS) show that the UK’s recession deepened further in the second quarter of 2012, led predominantly by further sharp falls in construction activity. The UK economy shrank by 0.7 per cent, marking its third consecutive quarter of contraction and the longest recession the country has faced in 50 years. However, construction fell 5.2 per cent over that same period, indicating that the construction sector was now in a deep depression, d... |