Cement News tagged under: infrastructure
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... |
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... |
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... |
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... |
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... |
Indonesian September sales rise 34.4 per cent YoY12 October 2012, Published under Cement NewsIndonesian cement sales in September surged to a record high in September after dipping a month ago due to fewer working days during the Muslim festivities, data from the country's largest cement producer PT Semen Gresik Tbk showed on Friday. September sales soared 34.4 percent from a year ago to 5.2Mt boosted by increasing monthly sales in main islands of Java and Sumatra, the data said. While sales in the island of Moluccas and Papua fell 21.7 percent on a monthly basis. "We... |
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... |
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 ... |