Cement News tagged under: Construction

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Mexico's construction industry contracts in the 3Q19

04 December 2019, Published under Cement News

Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl...

Pakistan to set up construction and infrastructure board 

28 November 2019, Published under Cement News

An indirect development may stimulate demands for cement in country, following meeting of stakeholders in Islamabad yesterday.   A delegation of Construction Association of Pakistan, headed by Eng Arshad Dad Khan, called on Prime Minister, Imran Khan, at his office, wherein Minister for Planning, Asad Umar, was also present during the meeting.   The delegation appreciated the vision of the prime minister in approving the construction sector as 'industry' and the steps being taken by the pre...

Pakistan defers axle load and CNIC issues

04 November 2019, Published under Cement News

The Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,000/t (US$321/t). Two major issues – axle load and documentation of sale beyond PKR50,000/- (US$321/-) (the condition of submission of Computerised National Identity Card) are being deferred. Axle load issue Pakistan's Prime Minister, Imran Khan, has asked the Frontier Works Organisation (FWO) to defer the implemen...

Turkey: rebalancing for growth

09 October 2019, Published under Cement News

Following the recent decline in Turkey’s economic growth the domestic cement industry set about to improve its production efficiency and foster sustainable development in a sector that continues to expand as it looks forward to sustained cement demand at home and in its export markets. By Dr Tamer Saka, Turkish Cement Manufacturers’ Association, Turkey. Exports are key in supporting capacity utilisation rates in the Turkish cement industry with shipments as far afield as the USA an...

Macau sees slowdown in industrial sector for 2018

26 September 2019, Published under Cement News

The revenue of Macau’s industrial sector fell 4.1 per cent to MOP11.07bn (US$1.37bn) in 2018, according to the SAR’s statistics service. Furthermore, the expenditure of the sector decreased four per cent to MOP7.96bn. The revenue of cement and concrete manufacture dropped 16.5 per cent to MOP1.21bn for the year. This marks the fourth-consecutive year of decline on the back of a continued slowdown in demand after a decrease in the number of local large-scale construction projects.

Cement production in Panama falls 10%

30 August 2019, Published under Cement News

The drop-off in construction in Panama is being cited as the main reason for the depressed cement sector in the 1H19. According to data from the General Comptroller of the Republic, between 1H18 and 1H19, the total cost of construction went from US$662m to US$510m, which is equivalent to a fall of 23 per cent. Cement production totalled 749,235t in January to June 2019 and ready-mix concrete amounted to 614,210Mm 3 for the same period, a fall of 12 and 10 per cent, respectively, on 1H18....

Greek construction starts recovery in May

12 August 2019, Published under Cement News

The Greek construction sector saw building permits rise by 7.4 per cent in May, according to the statistics agency ELSTAT. There were 1453 building permits issued in the month covering an area of 268,900m 2 . May's figures are still 5.7 per cent down on May 2018 and are down 13.3 per cent lower than in the first five months of 2018. However, 2018 was a rebound year from very low levels and the current statistics prove that the recovery in 2018 was not a one-off, say experts. Moreover, the ...

Adelaide Brighton updates its forecast for 2019

31 July 2019, Published under Cement News

Australia’s Adelaide Brighton has issued a profit warning for the 2019 period, stating that its underlying profit is expected to fall around 37 per cent YoY to AUD120-130m (US$82.6-89.6m) from AUD190.1m. The company has cut its interim dividend, cancelled ingredient imports and booked an AUD100m impairment charge, resulting in its shares posting the steepest fall in 15 years, according to Reuters. The warning arrives as Australia’s construction sector continues to contract, with AIG Cons...

Siam Cement Group Cambodian sales revenues top US$226m in 1H19

31 July 2019, Published under Cement News

Siam Cement Group Public Co (SCG) announced sales revenues of US$226m in Cambodia in 1H19, an increase of 11 per cent on 1H18, mainly due to higher cement sales. SCG raised US$116m in the 2Q19 with the help of the company's recently launched Interior Solution scheme to design and provide material specification services for residential and commercial buildings. Currently, the construction sector is booming in Cambodia. A total of 2047 construction projects worth US$3.39bn were approved in ...

FDI in Pakistan's cement and construction industries continues to slide

24 June 2019, Published under Cement News

The State Bank of Pakistan (SBP) has reported a massive decline of net foreign investment for local industries, including cement and construction, between July 2018-May 2019. According to a central bank report, total foreign direct investment (FDI) into the country fell by 49.2 per cent YoY during the first 11 months of FY18-19. A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 36.4 per cent YoY in the 11-month period. Out of the country...