Cement News tagged under: construction
Russia picks up the pace27 April 2020, Published under Cement NewsFollowing a stagnation of the Russian cement market in recent years, domestic cement producers are expected to see moderate growth in demand in 2020. However, as the government ramps up its national construction projects, market expansion is forecast to accelerate from 2021 onwards. By Alexey Semenov, GS-Expert LLC, Russia. While office construction was down in 2019, other construction markets offset the segment’s decline, resulting in an expanding non-residential construction s... |
CMIC president warns that workers may soon lose salary17 April 2020, Published under Cement NewsThe national president of the Mexican Chamber of the Construction Industry (CMIC), Eduardo Ramírez Leal, has warned that the minimal operation of smaller construction companies will result in around 500,000 workers in the sector losing income at the end of April. "In the next 15 days, it's when a lot of workers are no longer going to be getting paid because their employers won't have to pay them," said Mr Leal. The chamber represents 12,000 construction companies across the country. "I... |
Pakistan announces the much-anticipated construction package07 April 2020, Published under Cement NewsPakistan's Prime Minister, Imran Khan, last week announced the much-awaited Construction Package, which is mainly comprised of tax incentives for the construction industry. The sector has now been given the status of an industry. Economists and research houses called the package a boost for the construction and cement industries with little reservation and pointed out that while it looks very good on paper, the timing of its announcement is less than ideal, due to the atmosphere of uncert... |
Government relief package expected for construction sector03 April 2020, Published under Cement NewsPakistan's Prime Minister, Imran Khan, is likely to announce a relief package for the construction industry and issue a directive for the resumption of all China Pakistan Economic Corridor (CPEC)-related infrastructure and energy projects on Friday and this anticipation has renewed interest in investors to buy leading cement scripts of the Pakistan Stock Exchange (PSX) for the last two days. The relief package will also support the uplift of other industries allied with the construction sec... |
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
US growth settles down19 March 2020, Published under Cement NewsWhile the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 (Source: PCA) The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stag... |
Australian contractors on the brink of collapse19 March 2020, Published under Cement NewsAustralia's construction industry is said to be on the brink of collapse, according to John Holland's CEO, Joe Barr. The building contractor reported losses of US$1bn in February and is in dispute with Transurban over who should pay for cost blow-outs caused by delays on Melbourne's AUD6.7bn (US$1.79bn) West Gate Tunnel project. "I won’t sugarcoat it," Mr Barr told The Australian Financial Review. "Tier-one contractors in Australia are not making any money, and governments across Australi... |
Uzbekistan: time to celebrate?17 March 2020, Published under Cement NewsFollowing a dramatic rise in construction activity, the Uzbek cement industry has seen local sales surge. To meet this increasing demand, existing producers are expanding their production facilities and the booming market has attracted a flood of interest from Chinese investors. By Annexure Financial Solutions, China. Uzbekistan is carrying out bold economic reforms that have resulted in a strong growth in investment and an increase in consumption, underpinning rising cement demand... |
Malaysia's construction sector to grow by 4% in 202020 February 2020, Published under Cement NewsMalaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sector hit 1.1 per cent in 2019, but in real terms, a flatline growth rate of 0.04 per cent YoY was reported. Fitch expects the sector’s growth to expand, as construction activity across both the infrastructure and buildings sector in 2020 is sighted to pick up. The pipeline of Malaysia's major rail and road sector is val... |
FDI grows in Pakistan but cement and construction sectors lag behind19 February 2020, Published under Cement NewsPakistan received a net total foreign direct investment (FDI) of US$1.563bn during first seven months of FY19-20 (July 2019 - January 2020) compared to US$943.6m in the comparative period of a year earlier. This represents an increase of 65.70 per cent YoY, mainly due to a high inflow of investment from China, Norway, Japan, Malta, South Korea and other countries in all sectors, according to the State Bank of Pakistan. However, the increasing FDI trend has not been evidenced in the country'... |