Cement News tagged under: Construction
Cementos Pacasmayo sales rise 17.5 per cent, Peru01 November 2012, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar... |
Philippine nine-month cement sales surge24 October 2012, Published under Cement NewsPhilippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad... |
UK construction rebound not seen until 201416 October 2012, Published under Cement NewsConstruction output is forecast to fall by 6.3% this year and a further 1.4% next, before a return to growth in 2014 according to the latest Construction Industry Forecasts published today by the Construction Products Association (CPA). This decline will mean a reduction of almost GBP8.5bn of construction activity over these two years, undermining the ability for construction to lead the UK’s economic recovery, the CPA states. Commenting on these forecasts, Noble Francis, Economics D... |
UK construction output down 11.6 per cent in August15 October 2012, Published under Cement NewsUK construction output fell 11.6 per cent YoY in August 2012, non-seasonably adjusted data from the Office for National Statistics showed on Friday. Compared to July, construction dipped 0.9 per cent after a 2.1 per cent month-on-month rise in July. Between June and August construction output dropped 11.9 percent compared to the same three months in 2011, with the main drag coming from a 15.6 percent slide in new work. The ONS warned that caution should be taken when interpreting mov... |
Pakistan cement market progress15 October 2012, Published under Cement NewsLatest statistics on the Pakistan cement sector show that the country will have ended the first quarter of FY12-13 (July-September 2012) ahead of the same period as last year as September sales gather pace on the back of increased real estate activity and higher government infrastructure spending. Improving prices and government incentives are likely to further spur industry profitability but declining exports remain a concern. Preliminary estimates for September 2012 dispatches show tota... |
Indonesia/Japan agree on infrastructure plan11 October 2012, Published under Cement NewsIndonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5... |
Chile notes 12 per cent increase in construction activity09 October 2012, Published under Cement NewsChile’s monthly index of construction activity, Imacon, registered a 12 per cent YoY rise in August, surpassing the 0.72 per cent increase noted in July. Javier Hurtado, director of studies of the Chilean Chamber of Construction (CCHC) said that the sector activity continues to show double-digit annual growth rates, in line with most of the indicator’s components (employment, demand for building supplies, building permits and general contractor activity). The activity of general contracto... |
Cemex signs agreement for Dominican Republic home construction09 October 2012, Published under Cement NewsCemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i... |
New research highlights critical economic role of the mineral products industry08 October 2012, Published under Cement NewsNew research from leading economic consultancy Capital Economics has highlighted the critical role of the minerals products industry to the UK economy. The Capital Economics research has found that the UK Minerals Products Industry: • Makes a Gross Value Added (GVA) contribution to the UK Economy of over GBP4bn pa – greater than creative industries such as film and video and not far short of motor vehicles and aerospace • Generates an annual turnover of GBP9bn • Has labour product... |
Construction held by challenging macroeconomic environment08 October 2012, Published under Cement NewsA recent research note by analysts at CM-CIC Securities sees four main themes for the global construction sector in light of a prevailing harsh macroeconomic environment. While diverse trends are being witnessed in the US and Europe and emerging markets are expected to see a slowdown in growth, a turning point could be reached in 2012-13 in terms of margins. Taking a historical look, the France-based research house highlights that today's construction industry crisis, which was fuelled by... |