Cement News tagged under: Construction
Further double-digit gains forecast for Indonesian demand03 January 2013, Published under Cement NewsIndonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part to the economic development master plan (MP3EI). “The domestic cement consumption is still high, ... |
IFC to loan Kerbala Cement US$70m for plant rehabilitation03 January 2013, Published under Cement NewsThe IFC, a member of the World Bank, is to provide a US$70m loan to Kerbala Cement Manufacturing (KCML) to rehabilitate its cement plant near the city of Kerbala. KCML, a subsidiary of the Lafarge group, will undertake the work under a concession agreement with the government of Iraq. The financing is expected to help bolster Iraq's construction sector, a key source of jobs, and support rebuilding efforts in the country, which is in dire need of infrastructure following years of conflict. ... |
Deutsche Bank more positive on European building sector in 201320 December 2012, Published under Cement NewsDeutsche Bank expects cement stocks to be among the front runners in any cyclical recovery in 2013 and recommends "buying" HeidelbergCement, Buzzi Unicem and Lafarge as its top picks within the sector, according to reports by Bloomberg. The bank takes a more positive view on the European building materials sector saying it should benefit from a return to 3.5 per cent global GDP growth while there could well be a growth surprise in the euro area. "Into 2013 we believe the significant lever... |
Euroconstruct downgrades European construction forecasts16 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont... |
Euroconstruct reduces European output forecasts13 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both 2012 and 2013 with a slow recovery expected for 2014. It its latest forecasts published yesterday, the research group expects European output to decline by 4.7 per cent this year, 2.6 percentage points lower than it predicted in June 2012. A future decline of 1.6 is envisaged in 2013 (from a previous forecast of +0.4 per cent) and in 2014 it sees growth of one per cent (previously +1.7 per cent). Its initial ... |
MPA welcomes Autumn Statement’s modest boost to construction10 December 2012, Published under Cement NewsAlthough the Autumn Statement by the UK's Chancellor of the Exchequer, delivered on 5 December, predicts an extended period of low economic growth and high public borrowing and deficits, the Mineral Products Association (MPA) sees the transfer of funding from current account revenue budgets to capital investment in construction represents a net positive for the construction and mineral products industries. MPA's pre-Autumn Statement representations called for a focus on additional and e... |
UK: construction output at lowest level for more than 10 years12 November 2012, Published under Cement NewsThe latest construction output figures from ONS published on Friday show that output in 3Q has fallen for the fifth consecutive quarter, with falls being experienced across almost every sector of the industry. Output is now at its lowest level since the second quarter of 1999. Overall, construction output in the third quarter of 2012 was 2.6 per cent lower than in the preceding quarter and 11.3 per cent lower than it was one year ago. Commenting on these latest figures, Noble Francis, E... |
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |
Concerns on UK construction indicators05 November 2012, Published under Cement NewsThe latest Construction Trade Survey published today shows that construction activity fell sharply in 3Q, despite a return to growth for the UK economy as a whole. Of greater concern, however, the forward looking indicators of orders and enquiries, were also negative, reinforcing concerns that the sector is unlikely to experience growth until at least 2014. Commenting on the survey, Noble Francis, Economics Director at the Construction Products Association said: “Conditions throughout c... |
Boral sees US housing recovery02 November 2012, Published under Cement NewsAustralian market conditions have remained difficult in the quarter to the end of September, though weather conditions have been somewhat better. While infrastructure investment has been strong, this has not been sufficient to offset the continued negative impact coming from the residential market. Cement pricing has been weak because of low import parity costs that reflect low bulk shipping rates and a strong Australian dollar. A review of the cement operations is currently underway to r... |