Cement News tagged under: Construction

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PCA sees higher demand growth from 2014

13 September 2013, Published under Cement News

While an unusually wet spring and early summer impacted cement consumption in the first quarter of 2013, it has not put a dampener on the opportunity for strong growth in the construction sector in 2014 and beyond, the Portland Cement Association (PCA) writes in its latest forecast. The industry association sees cement consumption increasing by a modest four per cent in 2013, but will approach double-digit growth in 2014 and 2015, with 9.7 per cent consumption increases in both years. "...

Cemex starts affordable housing construction project, Dominican Republic

05 September 2013, Published under Cement News

Cemex has launched the construction of 186 units of affordable housing in the province of San Pedro de Macoris, during a ceremony headed by the President of Dominican Republic, Danilo Medina. The 186 homes are part of the first stage of Altos del Higuamo project, which includes the construction of 568 houses with a total investment of approximately US$18m. The first 60 units will be delivered in December 2013. This housing complex is outstanding in its category and includes green, instit...

Armenia production rises 6.2% in first seven months

02 September 2013, Published under Cement News

Cement production in Armenia rose by 6.2 per cent in the first seven months of the year, according to the latest data from the country’s national statistics service. During January-July 2013, Armenia produced 235,600t of cement, the government’s statistics agency reported. Meanwhile, local press reported that 92,500t of this amount was exported to neighbouring Georgia. Armenia’s building sector was severely impacted by the global financial crisis and the effects have continued to linger...

Bolivia's producers optimistic on buoyant market

09 August 2013, Published under Cement News

In the past three years, Bolivian cement demand has increased between 9-10 per cent annually, according to the Bolivian Institute of Cement and Concrete (IBCH). The organisation also expects this growth rate to continue over the next two years. "Low interest rates and the availability of money in the economy certainly have boosted residential construction of all types," said Marcelo Alfaro, CEO of IBCH and added that the level of income the country currently receives and large infrastruct...

Spain registers further market contraction

17 July 2013, Published under Cement News

The Spanish cement market registered a 24 per cent YoY drop in the first half of 2013 and the decline is expected to continue through the remainder of the year. In the first six months of 2013 domestic cement sales were 5,472,933t, latest data from local cement association Oficemen shows. On the supply side, Spain produced 6,459,917t of cement, representing a fall of 22.2 per cent. In June 2013 alone, Spanish consumption fell a further 23 per cent YoY to 972,421t in the same month of...

Sri Lanka sales expected to pick up

17 July 2013, Published under Cement News

Following a contraction in the first quarter of this year, cement demand in Sri Lanka is expected to pick up, according to forecasts by one of the country’s leading producers. "During 2012, the momentum of residential housing construction slowed down, and in the first quarter of 2013, private tourism related constructions too, indicated signs of slower growth," managing director of Tokyo Cement, SR Gnanam, told shareholders in the annual report. "Meanwhile, the SME contractor segment, t...

MPA welcomes spending review but reiterates need for accelerated delivery

28 June 2013, Published under Cement News

The Mineral Products Association (MPA) of the UK welcomes the Chancellor’s commitment to increase public investment to over GPB50bn per year from 2015-16 as well as the announcements on infrastructure, but remains concerned about the need for short term investment prior to the election. Nigel Jackson, Chief Executive MPA, said: “We have heard the words, we now need a greater sense of urgency and accelerated delivery to create confidence for the private sector to invest to really boost gro...

Mixed bag from Euroconstruct as forecasts are reduced even further

19 June 2013, Published under Cement News

Euroconstruct has further reduced its forecasts for European construction output, according to figures released last week. Although 2013 is still expected to be the trough, with construction output predicted to decline by 2.8 per cent, volumes in 2015 are now forecast to be even lower than 2012. However, the pace of the reductions has slowed from six months ago. The reductions for 2013 are spread across three sectors with a fall of 1.4 per cent for housing, 1.2 per cent for non-housing an...

Cement sector set to benefit from Pakistan FY13-14 budget

13 June 2013, Published under Cement News

Pakistan’s cement sector has welcomed the new Pakistan federal budget for FY13-14, presented by the country’s finance minister Ishaq Dar to parliament. The budget includes the National Economic Council’s approval of PKR1155bn (US$11.7bn) in development projects, including the PKR540bn Federal and the PKR615bn Provincial Public Sector Development Programmes, which will see considerable investment in water, energy, road, rail as well as transport and communication networks. Water projects w...

PCA expects accelerated second-half demand to spur US market recovery

04 June 2013, Published under Cement News

US cement consumption growth will continue through 2013 and increase by 6.2 per cent YoY, according to the latest forecasts from the Portland Cement Association (PCA), with the majority of market recovery expected to occur in the second half of the year. "Recessions correct imbalances generated during boom periods," Ed Sullivan, PCA chief economist said. "Few economists doubt the generation of a large pent-up demand during the past several years. The question is, when the economy will unlea...