Cement News tagged under: Construction
PCA expects accelerated second-half demand to spur US market recovery04 June 2013, Published under Cement NewsUS 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... |
Lafarge Malayan Cement 1Q13 revenues edge ahead23 May 2013, Published under Cement NewsLafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl... |
EU construction output falls in March20 May 2013, Published under Cement NewsConstruction output in the EU27 fell by 1.7 per cent in the euro area and 1.1 per cent in March 2013, compared with the previous month, according to first estimates released by Eurostat, the statistical office of the European Union. Compared with March 2012, production decreased by 7.9 per cent in the euro area and by 7.2 per cent in the EU27 in March 2013. Among the Member States for which data are available for March 2013, production in construction fell in ten and rose in four. The l... |
Boral's 3Q earnings hit by weak residential market, Australia06 May 2013, Published under Cement NewsAustralian building materials major, Boral Ltd, announced that continued weakness in the domestic housing sector and weaker-than-expected results from its Construction Materials and Building Products operations adversely impacted its third quarter earnings. In a recent trading statement, the company said it now expects its net profit before one-off items to 30 June 2013 to be in the range A$90m to A$105m, assuming a further US$10m from property sales yet to be finalised. That would compa... |
MPA survey indicate further decline in UK construction activity22 April 2013, Published under Cement NewsSurvey results by the Mineral Products Association (MPA) results for the first quarter of 2013 confirm the slow start to UK construction activity in 2013 and it has expresed the urgent need for accelerated delivery of promised funding and projects. However, while construction output is expected to decline again this year, the Construction Products Association has forecast a recovery in 2014 and beyond. Compared with the first quarter of 2012, MPA data released Friday shows sales of const... |
Spanish monthly consumption down 40% YoY18 April 2013, Published under Cement NewsCement consumption in Spain continues descending with demand in March 2013 down 40 per cent YoY, according to the latest data released by domestic cement association Oficemen. Cement demand plummeted by more than half a million tonnes last month to 778,568t, compared to March 2012. Accumulated figures for the first quarter of 2013 also paint a grim picture, with consumption at 2.535Mt, down 29 per cent on the same period of last year. "In addition to the stoppage in construction, go... |
Euro area construction output down by 0.8%18 April 2013, Published under Cement NewsConstruction output in the euro area declined for the fourth consecutive month in February, the latest data from Eurostat shows. Construction in the euro zone decreased 0.8 per cent from January, when it fell 2.1 per cent, the European Union’s statistics office in Luxembourg said yesterday. The January figure was revised lower from an initial estimate of a 1.4 per cent drop. However, from a year earlier, February construction gained 0.8 per cent. In Germany, Europe’s biggest economy, c... |
CPA: UK construction output, growth ‘conceals underlying trend’15 April 2013, Published under Cement NewsThe latest figures from the UK’s Office of National Statistics (ONS) published Friday indicated a pick-up in February as the industry recovered from the poor weather experienced in January. Overall, construction output in February was 5.5 per cent higher than in January but 7.0 per cent lower than it was one year ago. Commenting on the figures, Construction Products Association Economics Director, Noble Francis said: “It was expected that construction output in February would be considera... |
Credit Suisse sees Indian demand higher from next fiscal11 April 2013, Published under Cement NewsDespite the Indian cement sector facing a number of challenges last year, Credit Suisse forecasts improvements in consumption going forward with higher growth rates expected from the next fiscal. The domestic market saw mixed results in calendar year 2012, with the first half proving encouraging but a slowdown in the second part of the year fell short of analysts expectations. While the initial months of 2013 have failed to bring any real cheer to the sector, analysts at Credit Suisse see... |
South African market challenges08 April 2013, Published under Cement NewsFull-year data for South African cement sales released this week show that dispatches edged ahead in 2012, but the growth rate remained tepid. Producers will hope that the government's new infrastructure plans will deliver a new growth impetus to the market. Meanwhile, the country's leading cement producer is pursuing additional opportunities across sub-Saharan Africa to bolster profits. South African cement demand has been rising gradually since 2010 and data released on Wednesday by t... |