Cement News tagged under: infrastructure
Holcim Apasco: cement consumption in Mexico expanded 3.5% in 201229 January 2013, Published under Cement NewsHolcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011. The cement major said the increase in consumption, which reached 35Mt last year, was driven by stronger growth in the infrastructure segment, moderate expansion in self-build housing as well as the construction of industrial buildings, offices and shopping centres. Gustavo Gastelum, the company’s director of external relations and communications, said that recent ... |
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... |
JP Morgan cautious near term outlook on India cement sector11 January 2013, Published under Cement NewsJP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending over the next 12 months. The investment bank says a growth in industry demand of more than eight per cent is unlikely over the next two years, as capacity will continue to outpace demand. (Source: Reuters.) |
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, ... |
India cement sector to see recovery in FY13-1418 December 2012, Published under Cement NewsIndia's cement industry is expected to see a sharp recovery in cement prices in FY13-14 with an improving supply and demand scenario, as well as government measures to fast-track infrastructure projects. Reuters reports that Deutsche Bank believes cement companies such as UltraTech Cement and Shree Cement that have potential to increase capacity and have a bigger presence in western and northern India will witness "disproportionate benefits". Meanwhile, Morgan Stanley maintains an 'attra... |
Siam Cement sees strong demand into 201318 December 2012, Published under Cement NewsIncreased demand witnessed over 2012 in Thailand will continue rising well into next year, according to the head of the Siam Cement Group (SCG). "The momentum of demand growth stimulated by infrastructure projects will likely continue well into mid-2013," Kan , president and CEO of SCG, told the Bangkok Post. Recovering from the floods last year, YoY cement demand grew by only six per cent in this year's first quarter before of 2012 picking up with 10 per cent and 16 per cent increases... |
Indonesia Jan-November 2012 sales rise 15%17 December 2012, Published under Cement NewsIndonesia's cement sales have continued their upward trend, with domestic consumption having risen 15 per cent in the first 11 months of 2012, thanks to the country's infrastructure and property sectors. Cement sales rose to 49.9Mt between January-November 2011, state-owned cement producer Semen Gresik reported on its website on Friday citing data from the Indonesian Cement Association (ASI). "Increases in cement consumption were driven by the property and infrastructure sectors, as we... |
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... |
Peru sees cement shipments grow 16.6 per cent in Jan-Oct 201227 November 2012, Published under Cement NewsIn October, demand for cement in Peru reached 903,750t with exports adding a further 28,634t to the total delivery figure for the month. Local cement makers produced around 926,623t, according to Peru’s cement manufacturers’ association Asocem. Between January-October 2012, deliveries of cement in the Peruvian market increased 16.6 per cent, reaching a total of 7.865Mt, reported Asocem. Output increased 16.5 per cent YoY from 6.909Mt to 8.050Mt over the same period. During the fir... |