Cement News tagged under: Construction

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Russia: open to investment

28 April 2014, Published under Cement News

Attracting private and foreign investment is becoming key for Russia as prices in oil and natural gas come under pressure for funding state projects. Russia’s transition to a modern country will also require large volumes of cement and the ramping up of production capacity is already in full swing. In recent years, Russia has been building new, modern production capacity to replace old wet-process plants Russia’s economy continues to decelerate as consumer spending, key to the c...

Siam City double-digit rise in earnings and sales

23 April 2014, Published under Cement News

Siam City Cement Co (SCCC) reported a double-digit rise in earnings and sales during the first quarter of 2014, as higher cement prices and increased exports help offset declines in its domestic market of Thailand. SCCC said yesterday to the Stock Exchange of Thailand that earnings rose 56 per cent YoY to THB1.9bn as net sales rose 14 per cent to THB8.65bn. Thailand’s second-largest cement producer attributed the rise in revenue to higher average selling prices and a rise in exports despit...

Qatar consumption forecast to double by FY17

18 April 2014, Published under Cement News

Cement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capital said in its report on Qatar’s cement sector released this week that consumption will be driven by heavy government infrastructure spending. Citing various official data, the report said Qatar is expected to open up to QAR182bn (US$50bn) construction projects this year, up 15 per cent compared to last year. The m...

Cemex delivers 640 new homes as part of Colombian affordable housing initiative

17 April 2014, Published under Cement News

Cemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the country's government. The full project comprises 3,000 apartments divided into 96 towers of four stories each. The complexes will include recreational and green areas. The paving for the complex will be done with concrete also provided by Cemex. Colombian Housing Minister Luis Felipe Henao was present to inaugurate th...

Cemex Latam to participate in construction of 12,000 sustainable housing units

08 April 2014, Published under Cement News

Cemex Latam Holdings (CLH) announced today it expects to participate in the construction of approximately 12,000 sustainable housing units in Latin America during 2014, the company said in a statement. CLH will use innovative construction systems and specialty concrete products that contribute to increase energy efficiency translating into reduced energy costs for the families living in these houses. Additionally, these specialty concrete products help to optimize the use of natural resourc...

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...