Cement News tagged under: Construction

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Bío-Bío shares up 17% after Chilean earthquake

03 April 2014, Published under Cement News

Shares of Cementos Bío-Bío rose 16.73 per cent to CLP600 on the Santiago Stock Exchanges in antipication of an increase in cement demand due to the earthquake that struck northern Chile. A strong magnitude 8.2 earthquake struck the provinces Arica/Parinacota and Tarapacá on Tuesday, followed by a tsunami and several powerful aftershocks.

Colombian demand grows 12% in February

01 April 2014, Published under Cement News

Colombian cement demand expanded by 11.7 per cent in February 2014 compared to the previous year with dispatches reaching 924,000t, according to the statistics office, Dane. Major growth was recorded in Antioquia, Cundinamarca, Magdalena, Norte de Santander y Cauca. Cement production rose to 907,800t, up 10.2 per cent when compared with the same month a year ago. In the year ending February 2014, deliveries advanced by five per cent YoY to 10.972Mt. Output from Colombia’s cement plant...

MPA: Budget generally positive, concerns remain

21 March 2014, Published under Cement News

Reacting to the UK Budget 2014 announcement earlier this week, the Mineral Products Association (MPA) said the measures outlined are generally positive for the mineral products sector, but support for energy intensive industries remains a major concern.   In a statement released yesterday, the MPA said that in overall terms it welcomes the measures announced on Wednesday and is encouraged by the Economic and Public Expenditure forecasts. However, its outstanding concern is that the Budget me...

UK cement producer welcomes budget measures

20 March 2014, Published under Cement News

Amit Bhatia, chairman of Hope Construction Materials, has welcomed several measures detailed in the UK Budget 2014 believing that there are a number of specific aspects that will work in favour of the country’s building materials sector.   “With construction regularly used as a barometer of the economy, the Right to Build policy should see significant growth in housebuilding and with it the industries that provide the materials to do so. The GBP500m Builders’ Finance Fund should also kick-...

Hope Construction Materials calls for UK stimulus measures

18 March 2014, Published under Cement News

Ahead of the UK Budget announcement tomorrow, the chairman of the country’s leading independent cement producer is calling on the government to stimulate demand to ensure sustainable growth. Amit Bhatia, chairman of Hope Construction Materials, told CemNet News: “I’m a firm believer in British manufacturing and think the government should seek to stimulate demand in the economy to allow UK firms to do what they do best – make things, innovate, invest and develop.   “Suppliers to the constru...

GCC: long-term focus

03 February 2014, Published under Cement News

Global Investment House (GIH) anticipates that cement demand growth in the Gulf Cooperation Council (GCC) region will advance from 4-5 per cent growth in 2013 to 6-7 per cent this year. Investment in new capacity is strong and confidence is returning to markets. So who will be the winners among the cement producers? By Hettish Karmani, Global Investment House,  Kuwait. Cemtech Conferences & Exhibitions looks forward to returning to Dubai for its ninth Middle East & Africa event in ...

Double-digit rise in Nepal cement sales

23 January 2014, Published under Cement News

Nepal-based cement producers have reported a 10-15 per cent YoY increase in 2013 cement sales as the construction of dams, bridges and housing projects boosts demand. According to the Nepal Cement Manufacturers Association, there are around 44 cement facilities, of which around 12 are able to produce clinker. Despite local production being able to satisfy domestic demand, around 15 per cent of cement requirements are imported, according to Tara Pokharel, general secretary of the associa...

India Ratings maintains 'stable negative' outlook on cement sector

21 January 2014, Published under Cement News

India 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...

Cemex cautiously optimistic on Latvian outlook

04 December 2013, Published under Cement News

Cemex is cautiously optimistic on the outlook for Latvian construction activity in 2014 as a pick-up in activity is starting to be seen. Cemex country CEO Enrique A Garcia said that growth has finally resumed in the construction industry, albeit from a low base, LETA news agency reported. During recent times of depressed domestic demand, the company has been highly-dependent on regional exports. However, forecast indicate an improvement and Cemex is cautiously optimistic on the outl...

Euroconstruct adjusts 2013-15 forecasts

02 December 2013, Published under Cement News

Construction forecast group Euroconstruct has published its updated Construction Investment forecasts for 2013-15 which sees a three per cent decline this year across the 19 countries for which it provides forecasts, and a gradual upturn from 2014. In western Europe its overall expectations remain unchanged at a 2.7 per cent decline. Its forecasts for Germany were revised down (+0.3 per cent compared to a previous estimate of +1.2 per cent), while the UK has been upgraded from -2 per cent ...