Cement News tagged under: infrastructure
Improving demand outlook for SCC, Thailand15 July 2014, Published under Cement NewsDespite demand for cement and building materials yet to show signs of recovery in Thailand, consumption is expected to improve, particularly from next year, according to a recent report. Analysts at TISCO Securities believe the economic policy of the new government will help boost domestic consumption and raise public investments, which will turn to demand for basic materials, e.g. cement, building materials, paper & packaging and plastics, all of which are SCC's products. However, the de... |
Housebuilding boosts UK construction growth04 July 2014, Published under Cement NewsUK construction has grown at its fastest annual pace in four months during June 2014 led by an increase in housebuilding, a survey has suggested. The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 62.6 in June from 60.0 in May, its highest level since February and well above the forecast for a fall to 59.5. The reading beat analysts' forecasts for a fall to 59.5. A measure above 50 indicates growth in the sector. "(This) represents a remarkable yardstick of prog... |
RAM Ratings reaffirms Lafarge Malaysia rating27 June 2014, Published under Cement NewsRAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ... |
PCA commends Corker-Murphy plan – estimates US$210bn additional for infrastructure investment25 June 2014, Published under Cement NewsLast week, Senator Bob Corker (R-TN) and Senator Chris Murphy (D-CT) announced a plan calling for an increase in federal petrol and diesel taxes to shore up the Highway Trust Fund (HTF) and prevent a potential nationwide road construction work stoppage. According to initial reports, the taxes will generate US$164bn increase in HTF revenues. Analysis by the Portland Cement Association (PCA), however, reports that the Corker-Murphy proposal would result in nearly US$210bn additional dollar... |
Improving demand outlook for southern India20 June 2014, Published under Cement NewsCement demand in southern India is expected to witness stronger rates of growth in the current fiscal led by infrastructure projects in Andhra Pradesh, a new report has forecast. Southern Indian consumption is expected to rise by 5-7 per cent in FY15 compared to one per cent YoY growth in FY14, a report by Karvy Broking said. The improved demand scenario will initially will be from infrastructure projects as political stability has set in the Andhra Pradesh (AP) region, Rajesh Kumar Rav... |
Pakistan FY14-15 Budget set to positively impact on the cement sector04 June 2014, Published under Cement NewsPakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of infrastructures and energy-related projects which look set to spur demand. It is hoped that a 24 per cent increase in higher Public Sector Development Programme spending (PSDP), investments in irrigations, improving the road network and housing projects will accelerate cement demand from the current growth rate of t... |
Positive outlook for Pakistan producers03 June 2014, Published under Cement NewsThe government of Pakistan said yesterday it expects the domestic cement industry to prosper during fiscal FY14-15, led by improvements in local pricing and demand. According to the Pakistan Economic Survey 2012-13 released yesterday, due to improving cement prices this year, the outlook for most cement players is positive for the next fiscal which begins in July 2014. Local cement dispatches are also expected to increase due to improvements in Public Sector Development government expe... |
Qatar consumption forecast to double by FY1718 April 2014, Published under Cement NewsCement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capital said in its report on Qatar’s cement sector released this week that consumption will be driven by heavy government infrastructure spending. Citing various official data, the report said Qatar is expected to open up to QAR182bn (US$50bn) construction projects this year, up 15 per cent compared to last year. The m... |
Bamburi relaunches Powercrete, Kenya20 March 2014, Published under Cement NewsLafarge’s Kenyan subsidiary Bamburi Cement has announced it will relaunch its Powercrete cement for use in large infrastructure works and in the private and public sector. The relaunch comes after increased competition in the Kenyan market following the arrival of Dangote Cement. In 2013, Bamburi has seen its profits fall by nearly a quarter and closed the year with sales of KES33.9bn (US$394m), a performance significantly below its 2012 level. Kenya is currently investing considerably... |
India Ratings maintains 'stable negative' outlook on cement sector21 January 2014, Published under Cement NewsIndia Ratings has maintained a ‘stable negative’ outlook for the domestic cement sector in FY15 given the slowdown in construction and infrastructure sectors. Cement demand is expected to remain subdued with growth pegged at around 5-6 per cent in FY15, according to the research house. However, while slower infrastructure and construction activity impact growth, a number of other key drivers will help lift demand going forward. “"The growth will be supported by an expected increase in dem... |