Cement News tagged under: Construction

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Siam Cement Group plans to expand products and services in Cambodia

12 February 2019, Published under Cement News

Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country's growing construction industry and changing consumers' behaviour. According to, SCG's Managing Director of Kampot Cement plant, Somwang Manpimonchai, “Our target this year in Cambodia is to maintain existing businesses which produce and sell our products, and to add new service solutions and introduce retail or B2C to the market." As part of a five-year pla...

FDI declines in cement and construction industry in 6MFY19

21 January 2019, Published under Cement News

Pakistan received a total foreign direct investment (FDI) of US$1.31bn during the first six months of FY18-19 (July -Dec), compared to US$1.63bn received in corresponding months of last fiscal year. This translates a YoY fall of 19.17 per cent, says the State Bank of Pakistan (SBP).   Out of which, Pakistan's cement and construction industry received foreign direct investment (FDI) of US$312.1m during the six months of FY18-19 (July -Dec), compared to US$380.50m received in corresponding mo...

Pakistan cement sector records 7.3% fall in FDI

21 December 2018, Published under Cement News

Pakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from US$24.6m. Meanwhile, the construction industry saw a decline of 10.9 per cent to US$242.5m.

India's GST council may cut tax on cement

14 December 2018, Published under Cement News

India's Goods and Service Tax (GST) council may consider moving construction items, such as cement, out of its highest tax band of 28 per cent in its meeting next week, according to The Economic Times. Cement is one of 35 items left in the band which is primarily used to tax luxury items. Cutting the GST rate on the material is expected to provide a boost to the housing and construction industry. "While a general expectation has always been for restricting the 28 per cent rate list to onl...

Construction ban on high-rise buildings withdrawn

12 December 2018, Published under Cement News

The Supreme Court of Pakistan has withdrawn its order banning high-rise constructions beyond six floors in the metropolis. A three-judge bench headed by Chief Justice of Pakistan (CJ), Justice Mian Saqib Nisar, heard a petition filed by the Association of Builders and Developers (ABD) against the ban on high-rise constructions at the SC's Karachi Registry. Earlier, ABAD repeatedly have drawn the attention of President of Pakistan, Dr Arifur Rehman Alvi; the Chief Justice of Pakistan, Mian S...

Karachi builders seek removal of high rise building ban

10 December 2018, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD) once again called for the removal of ban on the construction of high rise buildings in Karachi city, Sindh province. The Supreme Court (SC) ruled recently that the ban imposed on construction of high-rise buildings in specific residential and commercial localities will remain in force in the metropolis. The SC banned construction of high-rise buildings in the urban centres citing water shortage. ABAD has appealed to the Pres...

ABAD calls for Pakistan's government to support construction in Karachi

20 November 2018, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD), one of the main cement consumers in the country has called on Prime Minister Imran Khan, Federal Finance Minister Asad Umar and Syed Murad Ali Shah, the chief minister of Sindh to save the construction industry from crisis. In an appeal, the association has pointed out that the construction industry has been suffering due to the ban on the construction of high-rise building in Karachi. That has caused financial losses to the me...

Deep into the Saudi down-cycle

19 November 2018, Published under Cement News

Saudi Arabia’s cement industry has faced a challenging few years as construction activity decreased following a more cost-conscious government budget. However, while many positive steps have been taken, the sector’s recovery could be protracted. By Pritish Devassy, Al Rajhi Capital, Saudi Arabia. While the Saudi cement industry has faced a challenging few years, the dust appears to be slowly settling with signs of a recovery emerging The largest economy in the Middle East, Sa...

India’s changing trajectory

07 November 2018, Published under Cement News

After a period of abnormally-high growth, India’s cement sector has begun to moderate and return to normal levels. Meanwhile, rising fuel and power costs have impacted the profitability of the major producers. Furthermore, the country’s capacity utilisation is at risk as new investments may push the supply-demand imbalance further. Mumbai is expected to benefit from several large-scale infrastructure projects, including a US$2.4bn airport and a new INR180bn Trans-Harbour Link bridg...

Germany: spending spree ahead?

02 November 2018, Published under Cement News

The need for Germany to begin spending its accrued budget surplus on infrastructure projects and housing is starting to weigh heavily on the new government. The cement industry has invested and is able to increase output. Will the public purse strings be loosened? HeidelbergCement’s Burglengenfeld plant in Bavaria is just one of several German cement plants that have carried out upgrades to improve production efficiency and reduce the environmental impact of their operations ...