Cement News tagged under: Construction
Euroconstruct adjusts 2013-15 forecasts02 December 2013, Published under Cement NewsConstruction 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 ... |
Lafarge to boost construction capabilities28 November 2013, Published under Cement NewsLafarge Cement Sdn Bhd, a wholly-owned subsidiary of Lafarge Malaysia Berhad, has signed a Memorandum of Understanding (MoU) with CIDB Holdings Sdn Bhd, a wholly-owned subsidiary of the Construction Industry Development Board Malaysia, to promote the use of cement and concrete and improve construction standards and sustainable construction practices. Under the MoU, Lafarge and CIDB will collaborate to provide training and certification to construction personnel. This partnership aims to dev... |
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Euro area construction output rises in August28 October 2013, Published under Cement NewsEU construction output increased in August 2013, latest data from Eurostat shows. Seasonally-adjusted production in the construction sector was 0.4 per cent higher in August than in July. Output has been steadily rising since March but remains at historically low levels. Production in August 2013 was 2.5 per cent lower than that in the same month a year earlier. Portugal led the recovery with a 10.8 per cent hike in output from July, followed by Sweden (+4.8 per cent), Hungary (+4.0 per cen... |
CPA lifts construction growth outlook, UK23 October 2013, Published under Cement NewsThe Construction Products Association is anticipating growth of 19 per cent for the UK construction industry by 2017 – an upward revision from its summer forecast, reflecting an increase in activity, which will boost UK GDP by an additional GBP20bn. Noble Francis, Economics Director of the Construction Products Association, commented: “Construction is set to enjoy growth over the next four years as it recovers from its worst recession in over 35 years. This is mainly due to private housing,... |
Spanish demand falls 22% in first nine months22 October 2013, Published under Cement NewsCement consumption in the first nine months of this year fell by 22 per cent YoY to 8.3Mt, latest data from domestic association Oficemen shows. In September, demand fell to 947,170t, a decline of nine per cent YoY. "The continuing cuts in public works investments are a blow to the activity and jobs in the construction sector, an industry that has been generating wealth and jobs in our country and a benchmark for global efficiency," CEO of Oficemen, Aniceto Zaragoza, said. Citing da... |
Qatar could face shortages due to lack of capacity additions17 October 2013, Published under Cement NewsQatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition venues to support an influx of visitors. Projects are currently focused on housing, hotels, 12 stadi... |
PCA: political risks could derail US recovery11 October 2013, Published under Cement NewsUS economic growth and employment levels continue to improve and PCA forecasts that this trend will carry on through 2013. However, the association warns that domestic political risks do have the potential to undermine this improvement. A recent article by the PCA notes that the Federal government shutdown (depending on its duration), along with long-term debt ceiling and budget sequestration actions could present near-term weakness. In terms of construction, the residential market is heal... |
MPA calls for government to sustain UK industry24 September 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK yesterday launched a landmark document for the UK cement industry. The new publication launched on Monday sets out to explain the importance of cement and concrete to the UK economy and society and is entitled ‘Cementing the Future – Sustaining an Essential British Industry’. It further draws attention to the vulnerability of the industry to overseas competition unless the government acts to create a level playing field in terms of the cost of... |
US to drive gains in Cemex EBITDA – report23 September 2013, Published under Cement NewsThe US construction sector is expected to be the main driver behind an annual 12.6 per cent rise in Cemex’s EBITDA over the next five years, a report by Banco Monex has stated. Cemex is expected to achieve an annual growth rate in sales and EBITDA of 6.7 per cent and 12.6 per cent respectively over the next five years, driven by a recuperation of the US construction sector, the report said. In the first half of this year, Cemex’s United States, turnover advanced by a further 8.4 per cent t... |