Cement News tagged under: Construction

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PCA Spring Forecast 2019: US cement consumption growth of 2.3%

28 March 2019, Published under Cement News

The Portland Cement Association (PCA) has released its annual Spring Forecast, which envisions strong to moderate growth for cement consumption through 2019 and into 2020. PCA Market Intelligence expects cement consumption to grow by 2.3 per cent in 2019 compared to the forecast a year ago, this represents a marginal slowing in the pace of growth. "While there are several phenomenon that confront the economy in the next two years, PCA believes the economy is strong," said Ed Sullivan, PC...

Cemex Ventures teams up with TEFKEN Ventures in construction

27 March 2019, Published under Cement News

Cemex Ventures Corporate Capital Unit has signed a collaboration agreement with T EFKEN Ventures, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing and real estate sectors. The businesses will develop synergies between them to innovate the construction industry. The two investment funds will work to invest in new technologies and innovative solutions to drive the revolution of the construction industry on a global basis. Agendas and events will be co...

LafargeHolcim to help build Africa's highest tower

20 March 2019, Published under Cement News

LafargeHolcim will play a key role in building Egypt's new capital, currently under construction 45km outside of Cairo. The city will become the country’s new administrative and financial capital, with around five million inhabitants. Among the buildings using LafargeHolcim's innovative, high-performance materials is the so-called Iconic Tower, which is set to become the highest tower in Africa with a height of 385m when completed by the end of 2020. For the Iconic Tower, LafargeHolcim is ...

World's largest 3D printer to build two-storey concrete house

20 March 2019, Published under Cement News

The largest 3D printer in the world is being prepared to start printing a two-storey house on the site of Kamp C, the Provincial Centre for Sustainability and Innovation in Westerlo, Belgium. Kamp C is looking to persuade the Flemish construction industry of the merits of this innovative technique with practical examples. "This technique is gradually gaining momentum," says Kai van Bulck, who represents Kamp C in the C3PO-project. The printer that Kamp C purchased is mainly suited for pr...

Pakistan's cement and construction FDI falls

18 March 2019, Published under Cement News

According to State Bank of Pakistan (SBP), total foreign direct investment (FDI) into country during July 2018-February 2019 fell by 22.6 per cent compared to same period last year. The SBP data shows that the country received investments worth US$1.61bn during the first eight months of current fiscal year, down 23 per cent from US$2.09bn in the same period last year.   FDI in cement and construction sectors have also been impacted. Out of the country's total FDI, Pakistan's construction i...

Lafarge Malaysia to benefit if East Coast Rail Link is revived

08 March 2019, Published under Cement News

Lafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the project, says Affin Hwang Investment Bank Bhd. Lafarge Malaysia's shares rose 30 per cent yesterday on the news that the rail project might be revived, having been suspended in July 2018. "We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the p...

LafargeHolcim secures EUR100m Grand Paris Express project

28 February 2019, Published under Cement News

LafargeHolcim announced the conclusion of a supply contract for the Grand Paris Express project worth EUR110m, where LafargeHolcim will supply 260,000t of cement. The GPE is the largest transport infrastructure project in Europe and represents a total investment of about EUR38.5bn. The project will meet the growing city’s needs for an improved transport infrastructure and will prepare Paris for the 2024 Olympic Games. Assuming that this contract is spread evenly over five years, this repre...

South Africa's construction sector unlikely to recover before 2021

26 February 2019, Published under Cement News

Following Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unlikely to happen before 2021. Speaking at AfriSam's 2019 National Budget Breakfast in Sandton on Thursday, Dr Jammine told a diverse audience of more than 200 people from the construction sector that 2019-20 would remain very difficult. Planned government investment in infrastructure, for instance, was expected to rise...

Construction industry booming in Bangladesh

26 February 2019, Published under Cement News

The demand for cement, steel, bricks and other construction materials recorded a good growth in Bangladesh during 2018 and looks to perform even better this year implementation of major infrastructure projects is accelerated, according to local media reports.   According to Munir Uddin Ahmed, president of the Bangladesh Association of Construction Industry (BACI), 2018 was good for the industry as there had been no sharp increase in the prices of raw materials, and prices of cement, stones,...

New Kaspi production line enters tough market environment

15 February 2019, Published under Cement News

This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the end of 2018 but had a small delay. The new capacity increases HeidelbergCement’s presence in the local market, where it already operates the terminal at Supsa as well as the Rustavi plant and grinding plant at Poti. It has been a testing last 12 months for the Georgian operations of HeidelbergCement. In August 2018 the...