Cement News tagged under: Construction

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Construction output 0.8% in euro area

21 January 2016, Published under Cement News

In November 2015 compared with October 2015, seasonally-adjusted production in the construction sector increased by 0.8 per cent in the euro area (EA19) and by 0.7 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In October 2015 production in construction grew by 0.6 per cent in the euro area and by 0.2 per cent in the EU28. In November 2015 compared with November 2014, production in construction expanded by 2.1 per cent in the ...

Production in construction up by 0.5 per cent in euro area

31 December 2015, Published under Cement News

In October 2015 compared with September 2015, seasonally adjusted production in the construction sector increased by 0.5 per cent in the euro area (EA19) and by 0.1 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In September 2015, production in construction fell by 0.7 per cent in the euro area and by 0.2 per cent in the EU28. In October 2015 compared with October 2014, production in construction grew by 1.1 per cent in the eu...

Dangote Cement

23 December 2015, Published under Cement News

Earlier this month, the Nigerian government announced its biggest budget ever with US$30.1bn (NGN6trn) earmarked for the 2016 fiscal year. Representing a 15 per cent rise on the 2015 budget, it will come as welcome news to the country’s cement producers, such as Dangote Cement, that a healthy slice of this is to be spent on infrastructure projects. Despite a slump in the price of oil, which accounts for 70 per cent of the Nigerian government revenue, the country’s National Bureau of Stati...

China National Building Materials (CNBM)

23 December 2015, Published under Cement News

Cement demand in China usually peaks in the months of September and October but not so in 2015 as numerous infrastructure projects suffered from ongoing delays. China’s cement producers are now hoping that 2016 will bring renewed activity in the country’s construction sector, driving up consumption. Just last week the Chinese president signed an agreement with the UAE to develop a US$10bn joint investment fund to forge closer links between the two countries. The UAE is reportedly seen as ...

CEMBUREAU: recovery continues in 3Q15

18 December 2015, Published under Cement News

The third quarter of 2015 saw no GDP recession anywhere across the EU, according to the European cement association, CEMBUREAU, which published its Quarterly Economic Report for the 3Q15. Moreover, recovery is accelerating in Spain and at moderate levels elsewhere. "However, the macroeconomic picture remains uneven as recovery appears to be uncertain and conditional to many potentially hindering factors, primarily subdued domestic demand in the EU and slowdown in external demand (ie expor...

PCA: Congress completes work on multi-year Highway Bill

04 December 2015, Published under Cement News

The PCA announced that the US Senate last night passed a final surface transportation reauthorisation bill that provides more than US$280bn to maintain and improve the nation's highways, transit systems, and transportation safety programs. Senate approval came only hours after the legislation, known as the FAST Act, cleared the US House of Representatives with broad bipartisan support. Passage in both chambers clears the way for the measure to be signed into law by the President. “We've wa...

Production in construction down by 0.2% in euro area

23 October 2015, Published under Cement News

In August 2015 compared with July 2015, seasonally-adjusted production in the construction sector fell by 0.2 per cent in the euro area (EA19) and by 1.2 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In July 2015, production in construction grew by 0.4 per cent in both zones. On an annual comparative basis, August 2015 construction output fell by six per cent in the Euro area and by five per cent in the EU28. Month-on-month...

Pakistan cement industry records revenue growth of 3.4% in FY15

28 September 2015, Published under Cement News

Pakistan's domestic dispatches grew by 7.9 per cent YoY in FY15 to 28.2Mt, while exports fell 11.6 per cent YoY to 7.2Mt. The drop in exports limited revenue growth in the Pakistan cement sector to 3.4 per cent YoY. Overall profitability increased by 20 per cent YoY in the last fiscal to PKR35.6bn compared with PKR29.7bn in FY14.   The outlook on local dispatches remain strong due to the initiation of China–Pakistan Economic Corridor (CPEC) projects and the construction of major dams...

Production of building materials in Uzbekistan increased by 11.3%

27 July 2015, Published under Cement News

According to the State Statistics Committee of the Republic of Uzbekistan, the construction materials industry produced goods worth UZS2.1098trn (US$427m) in January-June period of the current year, which is 11.3 per cent more than in January-June of 2014. The share of construction industry output was 5.2 per cent. Compared with the same period last year, large enterprises have increased production of the following key products: Portland cement (112.6 per cent), gravel (108.6 per cent), san...

Monthly construction output up by 0.3% in euro area

20 July 2015, Published under Cement News

In May 2015, seasonally-adjusted production in the construction sector rose by 0.3 per cent in the euro area (EA19) and fell by 0.3 per cent in the EU 28, according to the first estimates from Eurostat, the statistical office of the European Union. In April 2015, production in construction dropped by 0.2 per cent and 0.6 per cent, respectively. In May 2015 compared with May 2014, production in construction grew by 0.3 per cent in the euro area and by 0.5 per cent in the EU28. The increas...