Cement News tagged under: infrastructure
PT Indocement28 October 2015, Published under Cement NewsPT Indocement, along with the country’s other cement producers, will be hoping that the latest foreign direct investment (FDI) announcement from the Indonesia Investment Co-ordinating Board (BKPM) will spur on infrastructure investment, leading to an increased demand for cement. FDI into Indonesia grew by 18.1 per cent YoY in 2Q15 to US$6.86bn, according to BKPM. It is hoped that the steady inflow of FDI will help boost the country’s economy which slowed in terms of growth to a six-year... |
China National Building Materials (CNBM)28 October 2015, Published under Cement NewsChina National Building Materials (CNBM) will be hoping that the government’s recent announcement regarding GDP growth will help speed up infrastructure projects in the country, driving up cement demand. China’s economy expanded by just 6.9 per cent in 3Q15, compared to seven per cent in the previous quarter, marking its slowest growth in six years. While consumer spending accelerated during the quarter, downward pressure from real estate and exports kept GDP growth subdued. The governmen... |
Lafarge Malaysia Bhd considers Sarawak investment27 October 2015, Published under Cement NewsLafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legrand, has indicated. Mega projects in the region include the MYR16.1bm Pan Borneo Sarawak Highway. Mr Legrand told local press that the company would consider proposing the usage of cement and concrete-based material in the construction of the highway.| Meanwhile, concrete division vice president Rick Pucci said Lafar... |
Indonesia September sales ahead15 October 2015, Published under Cement NewsIndonesia cement sales rose by 2.8 per cent in September, latest data from the Indonesia Cement Association (ASI) shows. Sales rose to 5.79Mt last month, from 5.63Mt a year earlier. Cement sales had picked up pace in August, following contraction over several months of the year, due to delays in government infrastructure construction. "Cement sales for infrastructure have picked up, now it accounts for 23 per cent of our sales up from 20 per cent last year," the Jakarta Globe quote... |
UltraTech Cement24 August 2015, Published under Cement NewsIndia and the UAE have announced plans to create a multi-billion dollar fund to invest in India’s infrastructure sector. The fund, which plans to raise up to US$75bn, will be focused on next generation projects including railways, ports, roads, airports, industrial corridors and parks. Although no time frame has been given, or details on how the fund will be financed or structured, UltraTech Cement will be among the cement companies hoping the new fund will bring with it an increase in cem... |
India: AP producers set to receive state spending boost19 June 2015, Published under Cement NewsCement companies based in the southeastern state of Andhra Pradesh (AP) are to receive a boost from the state government's plans to procure more than 2Mt of cement this year for infrastructure and social development projects. According to official estimates, the AP state government will need over 2.2Mt of cement in 2015-16 to be acquired from local manufactureres. Irrigation projects will consume the lion's share of volumes followed by housing, local administration, and roads. AV Dharmak... |
UK construction industry reports further growth15 May 2015, Published under Cement NewsThe latest Construction Trade Survey shows that firms across the construction industry reported an eighth consecutive quarter of growth in activity in the first quarter of 2015. Large contractors, SMEs, civil engineers and product manufacturers all enjoyed growth in output in the first quarter of 2015, and further expansion is anticipated throughout 2015. Commenting on the survey, Dr Noble Francis, Economics Director at the Construction Products Association, said: “Activity rose in the firs... |
Philippine first-quarter cement sales up 9.6%30 April 2015, Published under Cement NewsPhilippine cement sales grew 9.6 per cent in the first quarter from a year ago to 5.7Mt, latest statistics from the Cement Manufacturers Association of the Philippines (CeMAP) show. Growth was attributed to demand from projects being undertaken by the public and private sectors. CeMAP president Ernesto Ordoñez said public sector spending, particularly that of the Department of Public Works and Highways increased. Private sector spending also improved because of growing confidence in the... |
Canada cement industry applauds impact of Federal budget23 April 2015, Published under Cement NewsThe Cement Association of Canada (CAC) has applauded the release of Budget 2015. Released on 21 April 2015 by the Minister of Finance, the Budget indicates that several billion dollars have successfully been invested in critical infrastructure projects across Canada. The CAC took the opportunity to highlight the critical importance of infrastructure investments in boosting the competitiveness and growth of the private sector, both of which it says are critical to the continued economic re... |
Expected second-quarter pick-up in Indian demand07 April 2015, Published under Cement NewsIndian cement demand is expected to see a revival over the July-September quarter on the back of an increase in infrastructure spending. Consumption continued to remain tepid during March, leading cement producers to cut their dispatches by 20-30 per cent even in the northern region which has been one of the most stable regions, according to brokerage firm PL India. Its report on the sector said that the weakness was primarily influenced by the government’s reduced spending to manage the f... |