Cement News tagged under: infrastructure
US infrastructure hopes09 June 2017, Published under Cement NewsUS President Donald Trump earlier this week outlined his trillion-dollar infrastructure plan that aims to once again make the country a nation of "builders" by giving states and localities the ability to address their own critical infrastructure needs, reducing the wait time for the approval of projects and partnering with the private sector. Speaking in Cincinnati, Ohio, on Wednesday, President Trump has dedicated US$200bn in his budget to spur at least an additional US$800bn in spending ... |
Pakistan FY18 budget 'neutral' for cement industry31 May 2017, Published under Cement NewsAnnouncing its FY18 Budget on Friday, the Pakistan government has increased the allocation for its Public Sector Development Program (PSDP) and reduced corporate tax, but on the other hand increased has Federal Excise Duty (FED) and provided no relief to aid dwindling cement exports. Finance Minister, Ishaq Dar, in his budget 2017-18 has proposed the allocation of PKR1001bn (US$9.5bn) for the PSDP in FY17-18, of which 67 per cent will be dedicated to infrastructure projects. Meanwhile, FED... |
Holcim Philippines sees 'challenging' 1Q1727 April 2017, Published under Cement NewsLower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the company reported today. The company’s net sales for the first three months of 2017 reached PHP8.8bn (US$176.1m), down 12 per cent YoY due to the challenging business environment. Holcim Philippines also booked PHP1.7bn in operating EBITDA compared to PHP2.5bn in the 1Q16 due to higher costs from rising fuel price... |
CPA: UK construction industry beats post-Brexit expectations19 April 2017, Published under Cement NewsActivity in the UK construction industry is rising at a faster pace following the EU referendum than initially expected, according to the latest forecasts by the Construction Products Association (CPA). Construction output is expected to rise each year between 2017-19, by 1.3 per cent in 2017, 1.2 per cent in 2018 and 2.3 per cent in 2019. The CPA highlights that while the figures may fuel hope of a resilient UK construction industry amid Brexit-related anxieties and rising costs, the grow... |
Cemex sees Philippine infrastructure overhaul driving demand29 March 2017, Published under Cement NewsPhilippine’s President Rodrigo Duterte’s infrastructure overhaul is expected to drive demand for cement and create a “multiplier effect” in the construction sector, Cemex says, according to a report by ABS–CBN News. Paul Arcenas, vice president investor relations, Cemex Holdings, said the private sector will match spending by government on more roads, bridges, railways and airports. “We continue to remain optimistic about the infrastructure program, as the government creates this multiplie... |
Spain sees demand fall 3.4% in September14 October 2016, Published under Cement NewsSpanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 period demand slipped 2.9 per cent to 8.4Mta. Oficemen CEO, Aniceto Zaragoza, has insisted that the situation remains “very delicate” for the sector and he does not expect the situation to change in the next few months. The association emphasised that investment recovery in infrastructure should be a political priorit... |
Tanzania: cement producers optimistic for future25 August 2016, Published under Cement NewsIn the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local producer Tanga Cement reported a decline in profit for 2015 compared to the previous year as a result of... |
Pakistan: new federal budget to increase cement demand02 June 2016, Published under Cement NewsPakistan’s new federal budget, set to be announced in the next few weeks, looks set to provide a fillip for the country’s cement producers by boosting demand. Through the federal and provincial Public Sector Development Programmes (PSDPs) the government has allocated PKR1675bn (US$16bn) for infrastructure projects, including roads and dams. However, the budget might also change the way in which Federal Excise Duty is applied to cement. Currently the tax is levied at five per cent of retai... |
UltraTech Cement25 May 2016, Published under Cement NewsUltraTech’s Board of Directors has approved a proposal to increase the investment limits by Registered Foreign Portfolio Investors (RFPIs) from the existing 24 per cent of the paid-up equity share capital to 30 per cent. The change remains subject to approval by the members at the company’s AGM in July this year. Meanwhile, India’s cement producers will be hoping Prime Minister Narendra Modi’s steps to reduce infrastructure backlogs prove fruitful as he pledges to increase infrastructure... |
Indonesia sees 3% rise in Feb sales10 March 2016, Published under Cement NewsCement sales in Indonesia rose three per cent YoY to 4.45Mt in February 2016 from the same month one year earlier. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), attributed the country's rising cement sales to the ongoing development of infrastructure projects across the archipelago. Three regions showed a marked increase in cement sales last month: Sumatra (+16.5 per cent YoY to 2.13Mt), Sulawesi (+33 per cent YoY to 841,000t) and the Moluccas & Papua (+31 per c... |