Cement News tagged under: Construction

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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...

US recovery on a roll

23 January 2015, Published under Cement News

Continued, steady improvements are anticipated for US cement volumes and pricing through 2015. A widespread increase in construction activity is anticipated, but falling energy prices could present headwinds in certain areas. The US is expected to be the main source of global economic strength in 2015 by most forecasters with indicators trending upwards. The economy has been growing faster than previously forecast, and the IMF says a stronger housing market and business investment suggest...

Fitch affirms Pacasmayo's ratings; outlook stable

19 January 2015, Published under Cement News

Fitch Ratings has affirmed the following ratings for Cementos Pacasmayo SAA): • Foreign currency Issuer Default Rating (IDR) at 'BBB-'; • Local currency IDR at 'BBB-'; • Senior unsecured US$300m notes due 2023 at 'BBB-'. The Rating Outlook is Stable. Key rating's drivers Solid business position Fitch said the ratings reflects Pacasmayo's solid business position, as the only cement producer in Peru's northern region which has resulted in high margins, low leverage and solid liquidi...

PCA: construction recovery continues to expand

13 January 2015, Published under Cement News

Construction recovery in the US continues to expand and all regions are expected to participate in 2015, according to the PCA State Construction and Cement Forecast report, 2014-15. Favourable demographics, pent-up demand, and improved confidence will help fuel the stronger relative growth, the association notes. The recently-released state forecast expects the strongest rates of cement growth to occur in the West and South with increases of 7.6 and 7.4 per cent, respectively. The Midwest ...

US residential market expected to accelerate in 2015

06 January 2015, Published under Cement News

The US housing market is expected to accelerate during this year, according to the latest commentary from Ed Sullivan, chief economist and group vice president of the PCA. Presenting the industry body’s 2015 residential forecast at International Builders Show, Mr Sullivan highlighted that recent growth in the economy, as well as continued added jobs to the United States workforce have 'fortified both economic and residential construction growth across the country.' On the back of these enc...

East Africa rises

05 November 2014, Published under Cement News

East Africa’s cement demand continues to rise as infrastructure and housing needs provide the basis for future consumption. While cement capacity investments continue, a shift in the make-up of ownership is being seen as local companies take up a more prominent position. By Francis Mwangi, Standard Investment Bank Ltd, Kenya. The emerging East African market is characterised by new capacities, growing exports and growing consumption trends Over the past decade, the east African ...