Cement News tagged under: Construction

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Pakistan increases duty on imported cement

09 June 2015, Published under Cement News

Pakistan's Finance Minister, Ishaq Dar, has proposed a number of measures under Budget FY15-16 that will have a direct and indirect impact on the cement industry and which are likely to help increase demand in the country. The proposals include an increase in the duty on imported cement, rationalisation of the tax structure for the cement industry and housing development, a significant rise in spending under the government's Public Sector Development Programme (PSDP), a five-year tax holi...

Siam City Cement announces INSEE Alliance

04 June 2015, Published under Cement News

Siam City Cement (SCCC) this week announced one of Thailand's first industry-wide distribution channels and marketing collaborations in the building material sector with 11 other leading producers of construction materials to offer a " complete range of quality solutions' . The 'INSEE Alliance', which include companies producing structures, roofing, walls, flooring, and decorative materials will bundle their product offerings to project developers and modern-trade stores. Siva Mahasandana,...

Savannah welcomes new presidential directive

04 June 2015, Published under Cement News

Kenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, saying that the move has the "capacity to accelerate the growth of local industries." Issued as part of President Uhuru Kenyatta's 52nd Madaraka Day national address, the directive is geared towards fostering a buy 'Kenya build Kenya' culture by all public sector institutions. President Kenyatta of Kenya said the govern...

Production in construction up by 0.8% in euro area

22 May 2015, Published under Cement News

In March 2015, compared with February 2015, seasonally-adjusted production in the construction sector rose by 0.8 per cent in the euro area (EA19) and by 1.5 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2015, production in construction dropped by 1.6 and 0.8 per cent, respectively. In March 2015 production in construction fell by 2.7 per cent in the euro area and by 1.3 per cent in the EU28 compared to the same ...

UK construction industry reports further growth

15 May 2015, Published under Cement News

The 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...

A return to optimism

27 April 2015, Published under Cement News

As the US emerges from the Great Recession, helped by lower oil prices and improved employment rates, construction sector fundamentals are strengthening. For the US cement industry, this means an expanding market and perhaps an opportunity to bring back previously-shuttered cement works. By Ed Sullivan, Portland Cement Association, USA. A return to economic optimism in the US is expected to spill over into the cement industry, boosting domestic demand Americans are witnessing ec...

Construction output down by 1.8% in euro area

24 April 2015, Published under Cement News

Seasonally-adjusted production in the construction sector fell in February 2015 fell by 1.8 per cent in the euro area (EA19) and by 1.2 per cent in the EU28 compared with January 2015, according to first estimates from Eurostat, the statistical office of the European Union. In January 2015, production in construction grew by 1.6 and 0.6 per cent, respectively. On an annual comparative basis, production in construction fell by 3.7 per cent in the euro area and by 2.4 per cent in the EU28 in...

Siam Cement earnings' preview: robust quarter expected

20 April 2015, Published under Cement News

Thai conglomerate SCC is expected to report a strong net profit of THB10.2bn (US$315m) in the first quarter of 2015, up 21 per cent YoY and 15 per cent QoQ, according to estimations by SCB Securities. “We continue to like SCC for several reasons: 1) it benefits from low oil price via wider spreads and cheaper fuel costs and from a weak baht as a net exporter; 2) 2Q15 profit will continue strong, 3) solid three-year earnings growth of 16 per cent,” the research house stated. First qua...

India: Jan-March demand seen weak

01 April 2015, Published under Cement News

Nomura says its interactions with cement dealers across India suggest demand was weak in the January-March period because of lower use of cement by government-related projects, reports Dow Jones. However, recovery is anticipated going forward on expected increases in government spending. "This weakness can be attributed to lower spending by the government as it tried to meet its fiscal deficit target for FY15," says Nomura. Though volumes were weak in the first quarter of the calendar yea...

Cemex to supply state-of-the-art transit systems in California Bay area, USA

27 March 2015, Published under Cement News

Cemex is to supply structural concrete on two massive, state-of-the-art transit systems in the California Bay Area which, upon completion, are expected to serve more than 61 million people every year. Between 2000 and 2030, 1.25 million new vehicles are expected to enter the Northern California Bay Area -- a 31.5 per cent increase over 30 years. In response, cities and local transportation agencies are providing much needed alternatives for commuters through the construction of new, state-o...