Cement News tagged under: Construction

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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...

Production in construction up by 1.9% in euro area

25 March 2015, Published under Cement News

In January 2015 seasonally-adjusted production in the construction sector grew by 1.9 per cent in the euro area and by one per cent in the EUR28 compared with December 2014, according to first estimates from Eurostat, the statistical office of the European Union. In December 2014, production in construction grew by 0.2 per cent in both zones. In January 2015 production in construction grew by three per cent YoY in the euro area and by 1.4 per cent in the EU28. Monthly comparison The inc...

Holcim expects 3-5% growth in Mexico

12 March 2015, Published under Cement News

The Mexican cement market will expand by 3-5 per cent in 2015, according to a forecast by Holcim México. Although dollar volatility, lower oil receipts and the decreased government spending may impact negatively on cement consumption, the National Infrastructure Plan (NIP), a dynamic housing sector and higher remittances are expected to boost cement demand this year. In the first half of 2015 the recovery that started in 2H14 is expected to take hold. "There are conditions to believe th...

Pakistan shipments advance over first eight months

06 March 2015, Published under Cement News

Total cement shipments over the first eight months of the current Pakistan fiscal (July-February 2015) rose eight per cent YoY, according to data by the All Pakistan Cement Manufacturers’ Association. The advance was led by domestic sales which climbed 11 per cent YoY to reach 17.4Mt. Exports, however, declined one per cent to 5.12Mt over the same timeframe, with contrasting results in the north and south. February sales update During February 2015, total dispatches rose by seven per cen...

Eurozone construction output down 0.8% in December

19 February 2015, Published under Cement News

Construction output in the eurozone contracted in December, led by falls in Germany and Spain, according to the Eurostat, the European Union's statistical office. Production in construction fell by 0.8 per cent  month-on-month at the end of last year. Building production dropped by one per cent on the month while that of civil engineering rose by 1.7 per cent. Construction output in Germany came off by 2.9 per cent when compared to November's level and by another one per cent in Spai...

Malaysia: Tasek Corp full-year profit ahead

18 February 2015, Published under Cement News

Tasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Malaysia based cement producer attributed the better to performance to higher domestic cement demand and improved ready-mix concrete prices. “The ongoing mass rapid transit projects and light rail transit line extensions are expected to continue leading the construction sector’s gro...

PCA: oil prices could lead to strong near-term US economic growth

05 February 2015, Published under Cement News

Low oil prices are beneficial to US economic growth and are expected to add 20 to 30 basis points to real GDP growth rates during 2015-2016, Edward J Sullivan announced during remarks at the 2015 World of Concrete. However, Mr Sullivan cautioned that this good news for the nation¹s economy does not necessarily travel with the same speed to the construction industry. "Unfortunately, the transmission process from oil price declines to construction activity contains timing lags," said Mr Sul...

2014 MPA sales volumes positive as construction markets improve

02 February 2015, Published under Cement News

Minerals products markets performed strongly in 2014 as construction output grew by six per cent, according to MPA figures. Sales volumes accelerated for aggregates (11 per cent growth made up of crushed rock + 13.5 per cent, sand and gravel +7.2 per cent) and asphalt (+8.6 per cent). Growth in ready-mixed concrete sales moderated in 2014 (+1.7 per cent), but from a higher base following an early and marked recovery of the concrete market throughout 2013. Asphalt and crushed rock sales wer...