Cement News tagged under: Housing

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Cemex starts affordable housing construction project, Dominican Republic

05 September 2013, Published under Cement News

Cemex has launched the construction of 186 units of affordable housing in the province of San Pedro de Macoris, during a ceremony headed by the President of Dominican Republic, Danilo Medina. The 186 homes are part of the first stage of Altos del Higuamo project, which includes the construction of 568 houses with a total investment of approximately US$18m. The first 60 units will be delivered in December 2013. This housing complex is outstanding in its category and includes green, instit...

Cemex seeks further collaboration for housing and infrastructure projects

21 August 2013, Published under Cement News

During its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ...

Lafarge Malaysia to open R&D laboratory

14 August 2013, Published under Cement News

Lafarge Malaysia Bhd plans to set up a research and development laboratory to provide solutions to Malaysia’s construction industry and anticipated housing requirements. Bradley Mulroney, President and CEO of the company said Malaysia faced its biggest challenge in offering an affordable prices for housing units, especially in the urban areas. "With most population dominating the urban areas and cost of living tremendously high, we do not want the people, especially the younger generation,...

PT Semen Indonesia downgraded

18 July 2013, Published under Cement News

Bahana Securities downgraded cement maker PT Semen Indonesia to "hold" from "buy", saying the slowdown in the property market and higher cost of goods sold (COGS) translated to limited share price upside. "Although we believe SMGR will continue benefiting from growing domestic cement volumes, slowdown in property market due to financing constraints may potentially lower volume growth target," Bahana analyst Teguh Hartanto said in a note on Wednesday. The research house said it does not ...

Vietnam cement sales rise 9% YoY, Jan-May 2013

04 June 2013, Published under Cement News

Domestic cement sales in Vietnam rose nine per cent YoY in the first five months of 2013, pointing to signs of economic recovery thanks to government measures to stimulate the housing market. Latest data from the country’s Ministry of Construction said that domestic sales by local producers totalled 19.15Mt during January-May 2013. The country also produced 23.8Mt of cement between the period, fulfilling 41 per cent of the whole-year target, including an on-year rise of 19 per cent i...

Credit Suisse sees Indian demand higher from next fiscal

11 April 2013, Published under Cement News

Despite the Indian cement sector facing a number of challenges last year, Credit Suisse forecasts improvements in consumption going forward with higher growth rates expected from the next fiscal. The domestic market saw mixed results in calendar year 2012, with the first half proving encouraging but a slowdown in the second part of the year fell short of analysts expectations. While the initial months of 2013 have failed to bring any real cheer to the sector, analysts at Credit Suisse see...

UltraTech sales decline 6% in February

07 March 2013, Published under Cement News

UltraTech Cement, India’s largest cement producer, has reported a six per cent decline in February 2013 sales, amid wider concerns of subdued demand across the domestic market. The Aditya Birla group company sold 3.31Mt of cement last month compared to 3.51Mt in the same period of last year. Production during February 2013 also dropped to 3.32Mt compared to 3.46Mt in February 2012. The company did not elaborate as to why sales were slower, but industry experts said the winter seasons a...

Further double-digit gains forecast for Indonesian demand

03 January 2013, Published under Cement News

Indonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part to the economic development master plan (MP3EI).  “The domestic cement consumption is still high, ...

Indonesia Jan-November 2012 sales rise 15%

17 December 2012, Published under Cement News

Indonesia's cement sales have continued their upward trend, with domestic consumption having risen 15 per cent in the first 11 months of 2012, thanks to the country's infrastructure and property sectors. Cement sales rose to 49.9Mt between January-November 2011, state-owned cement producer Semen Gresik reported on its website on Friday citing data from the Indonesian Cement Association (ASI). "Increases in cement consumption were driven by the property and infrastructure sectors, as we...

MPA welcomes Autumn Statement’s modest boost to construction

10 December 2012, Published under Cement News

Although the Autumn Statement by the UK's Chancellor of the Exchequer, delivered on 5 December, predicts an extended period of low economic growth and high public borrowing and deficits, the Mineral Products Association (MPA) sees the transfer of funding from current account revenue budgets to capital investment in construction represents a net positive for the construction and mineral products industries. MPA's pre-Autumn Statement representations called for a focus on additional and e...