Cement News tagged under: Construction

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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 ...

Ukrainian cement production falls 3% in 8M18

05 October 2018, Published under Cement News

Cement production in Ukraine for the Jan-Aug 2018 period has fallen 2.9 per cent YoY, according to Pavlo Kachur, head of the Ukrcement Association of Cement Manufacturers. "The results of work for the eight months are not very optimistic. We have a decline in cement production by about 2.9 per cent compared to the same period in 2017. Production of clinker also slowed down. And this despite the fact that construction increased by 5.7 per cent," said Mr Kachur. The decrease in production ...

Europe’s positive prospects

24 September 2018, Published under Cement News

Political developments across Europe have created considerable market uncertainty, due to potential policy changes unsettling the construction market. However, prospects for the region look widely positive as the majority of leading countries continue to recover. ICR considers the current state of the European cement industry. Germany’s housing sector is expected to be the key in driving construction demand in Europe’s largest cement market Europe’s economy is showing modest but...

Turkey's construction sector is in meltdown

12 September 2018, Published under Cement News

Turkey's construction sector is on the verge of a coma," says Tahir Tellioglu, chairman of the Buildings Contractors Confederation of Turkey (BCCT). This slowdown comes on top of a deepening currency crisis which has seen the Turkish lira lose 40 per cent of its value against the dollar this year. Many construction companies are selling products below cost and are struggling to pay foreign-currency debts. "70 per cent of all private construction work has stopped or slowed down," said Ta...

Staying strong: the European building materials sector

07 September 2018, Published under Cement News

There are many reasons for European construction companies to be enjoying strong order books at present. Analysts at Bernstein report that most building material companies saw strong revenue growth in 1H18, particularly in the 2Q18 following the harsh winter that impacted 1Q18 results. However, the sector has seen backwards trading since the start of the year. The European construction sector has been performing well, driven by a resurgence in infrastructure spending and improved confidenc...

Cemex supplied 160,000t of cement for Assiut barge project

06 September 2018, Published under Cement News

Cemex participated in what its company president has termed an 'exemplary project', the construction of the new Assiut barrage, considered the third largest water project on the Nile River in Egypt. Cemex is the main cement supplier of this project, which is expected to provide irrigation water for 690,000ha, directly benefiting five million agricultural workers. "The new Assiut barrage is an exemplary project for Cemex Egypt. We provided high-quality materials and expertise to ensure tha...