Cement News tagged under: Construction
Adelaide Brighton full year earnings on track, Australia04 October 2012, Published under Cement NewsAdelaide Brighton has confirmed it is on track to meet its 2011-12 earnings guidance, underpinned by its exposure to the resource and infrastructure sectors. Speaking to the Australian Financial Review, Adelaide Brighton managing director Mark Chellew said the group’s 2012 financial year net profit guidance was between A145m-155m. Although the group has been hit by a slowdown in the residential sector, it has reviewed its resources-based cement exposure and was not expecting any fall in ce... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |
Euro construction falls in July20 September 2012, Published under Cement NewsEuro-area construction output fell for a second month in July, led by declines from Spain to The Netherlands. Construction in the 17-nation euro area fell 0.3 per cent from June, when it dropped a revised 0.6 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, construction output declined 4.7 per cent. In Italy and Spain, the euro region’s third- and fourth- largest economies, output dropped 2.2 per cent and 2.1 per cent in the month, respectively, the... |
Cementos Argos announces investment in Colombia's central zone19 September 2012, Published under Cement NewsColombia’s leading cement producer Cementos Argos announced yesterday that it is to spend US$93m in expanding its cement capacity in the country’s central zone as the company positions itself for expected increases in domestic construction acitivity. The main focus of Argos’ investment will be the expansion of its Rioclara plant by 900,000tpa of cement. The project involves the extension of clinker capacity, the installation of a high-efficiency vertical mill plus packing and a truck load... |
UK construction activity contracts 10.1% in 2Q1217 September 2012, Published under Cement NewsUK construction sector activity was down 10.1 per cent in the year to July, official figures from the Office for National Statistics (ONS) said. The three months between May-July also saw a drop in output of 10 per cent YoY, the ONS data showed. But the ONS said that it was important to bear in mind that May's activity was higher than usual because a bank holiday was moved to June. In June there were two extra days' holiday for the Queen's Diamond Jubilee leaving output unusually dep... |
Greek 1H12 construction contracts 12%12 September 2012, Published under Cement NewsGreek construction activity shrank by an annual 12 per cent in the first half of 2012, leaving the industry on course for a seventh consecutive year of contraction as the cement industry heads towards a quarter of 2006 peak levels. Building activity in volume terms contracted to 9Mm3 in the six months to June from 10.2Mm3 a year earlier, statistics service ELSTAT said on Tuesday. It had stood at 36Mm3 in the first half of 2005, the sector's last year of expansion. Construction ha... |
Tvornica Cementa forecasts FY12 double-digit declines10 September 2012, Published under Cement NewsTvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const... |
UK: latest construction new orders remain depressed10 September 2012, Published under Cement NewsThe latest quarterly Office of National Statistics (ONS) figures for UK construction new orders released today show that new orders for construction remained at a depressed level in the second quarter of 2012, despite having risen 1.5% in the first half of 2012 compared to the same period one year earlier. New orders remain 40% lower than the pre-recession peak. Commenting on the new orders data, Noble Francis, Economics Director at the UK’s Construction Products Association (CPA) said: “... |
CPA: cautious welcome for Government’s housing sector boost07 September 2012, Published under Cement NewsThe UK's Construction Products Association (CPA) has cautiously welcomed the Prime Minister and Deputy Prime Ministers’ announcement to boost the housing sector. Commenting on these measures, Noble Francis, Construction Products Association Economics Director said: “Any change in policy that helps the ailing housing sector to recover must be considered positive, especially given that private housing starts in 2Q were 17 per cent lower than one year ago. The announcement stated that gover... |
UK August construction output shrinks05 September 2012, Published under Cement NewsThe UK construction industry shrank in August as new orders dropped at the fastest pace since April 2009, according to Markit Economics. An index based on a survey of purchasing managers fell to 49 from 50.9 in July, Markit and the Chartered Institute of Purchasing and Supply said in a statement on Markit’s website today. The median estimate in a Bloomberg News survey of 12 economists was for a reading of 50, the dividing line between growth and contraction. “UK construction firms are... |