Cement News tagged under: UK
UK construction output down, recession risk18 June 2012, Published under Cement NewsThe UK's Office for National Statistics (ONS) has published construction figures for April 2012 showing a fall of 8.5% compared with April 2011. Commenting on the figures, Noble Francis, Economics Director at the Construction Products Association said: ‘With ONS reporting that both manufacturing and construction sectors fell in April, prospects for the UK economy escaping recession in Q2 are dissipating rapidly. It was unfortunately unsurprising to see the sharp fall in construction outpu... |
Latest UK construction new orders a 'worrying sign for housing'11 June 2012, Published under Cement NewsThe latest quarterly figures from the UK's Office of National Statistics (ONS) for construction new orders released Friday show that construction orders in 1Q12 were 3.6 per cent lower than the same quarter one year ago and new orders for housing were 21 per cent lower than a year earlier. However, there were some positive signs in some sectors. Commenting on the new orders data, Noble Francis, Economics Director at the Construction Products Association said: “With government cuts impacti... |
UK construction sector activity 'slowed' in May - survey07 June 2012, Published under Cement NewsGrowth in the UK construction sector slowed to a three-month low in May, according to a survey. The Markit/CIPS purchasing managers' index (PMI) for construction fell to 54.4 last month, from 55.8 in April. However, the reading indicates that the sector is still growing, as a figure above 50 implies expansion. Office for National Statistics figures found a fall in construction output in the first quarter of 2012 contributed to the economy contracting. The latest ONS figures, releas... |
Vision Holding raises stake in Pioneer Cement, Pakistan25 May 2012, Published under Cement NewsBritish Virgin Islands based - Vision Holdings Middle East Limited announced on that it will acquire 60,145,081 (26.47%) ordinary shares of Pakistan-based cement producer Pioneer Cement, at an offer price of PKR6.34 per share. Earlier it had held 21.61% shares in Pioneer. An official of Pioneer Cement told CemNet that Vision will gradually acquire 80-90% shares in due course to take control of the cement producer. By acquiring further shares in the Vision intends to improve Pioneer... |
UK construction recession deeper than estimated14 May 2012, Published under Cement NewsLatest data from the UK’s Office of National Statistics (ONS) show that construction output fell by 5% in the first quarter of 2012, considerably worse than the estimate of -3% that ONS previously indicated for GDP in the 1Q. Commenting on these latest figures, Noble Francis, Economics Director at the Construction Products Association said: “The construction industry is now firmly back in recession and, although there are some areas of growth, such as private housing, the overall picture s... |
Dangote plans London listing by 3Q1311 May 2012, Published under Cement NewsAliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa. |
Cemex UK's Barrington plant to be demolished04 May 2012, Published under Cement NewsCemex UK confirms that it will not be bringing its cement plant at Barrington, Cambridgeshire back into production, but is moving to a phased demolition of the facility. Originally mothballed in November 2008, Cemex UK has concluded there is no economic case to re-start production. Commenting on the decision, Jesus Gonzalez, president Cemex UK operations said: "Regrettably we have come to the irreversible decision that Barrington Cement plant will not be bought back into production. Thi... |
Breedon targets acquisitions from Lafarge and Anglo-American UK sales02 May 2012, Published under Cement NewsBreedon Aggregates is eyeing the quarry assets of Lafarge and Anglo American PLC that need to be sold for their British joint venture to succeed. The aggregate company is likely to bid on the quarries up for sale after the Competition Commission ruled yesterday that a merger between Lafarge and Anglo American’s UK subsidiary, Tarmac, could go ahead only after substantial disposals. This means that the Hope Cement works, in Derbyshire, and a host of quarries, ready-mixed concrete and asp... |
Commission demands Lafarge/Anglo asset sale, UK01 May 2012, Published under Cement NewsThe UK’s Competition Commission (CC) has said Anglo American PLC and Lafarge must sell a significant portfolio of operations before their proposed construction materials joint venture can go ahead. A nglo American, through its UK subsidiary Tarmac, and Lafarge are both global firms that supply construction materials in the UK. The parties proposed to establish a 50:50 joint venture, to which each of them would contribute the bulk of their construction materials businesses in the UK. ... |
MPA figures highlight need for UK construction investment30 April 2012, Published under Cement NewsThe UK's Mineral Product Association (MPA) results for the first quarter of 2012 indicate a substantial reduction in sales of aggregates, ready mixed concrete and asphalt, confirming the latest GDP figures which show that declining construction activity has dragged the UK back into recession. Compared with the same period of 2011, sales volumes of crushed rock and sand and gravel aggregates declined by 13% and 12% respectively in the first three months of 2012 and sales volumes of ready-mi... |