Cement News tagged under: Residential

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Cemex sees improved US results going forward

28 November 2012, Published under Cement News

Cemex expects improved results at its US operations between 2013 and 2016 as the local market has shown stronger than expected trends, allowing for improved profitability. Karl Watson, president of Cemex USA, told analysts during a presentation on Tuesday the company expects US housing starts to increase 16 per cent next year, reaching 873,000. The company forecast US residential sector cement demand will increase by 14 per cent in 2013. Watson said US annual cement sales are now about...

Philippine nine-month cement sales surge

24 October 2012, Published under Cement News

Philippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad...

Cemex signs agreement for Dominican Republic home construction

09 October 2012, Published under Cement News

Cemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i...

Adelaide Brighton full year earnings on track, Australia

04 October 2012, Published under Cement News

Adelaide 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...

Cementos Argos announces investment in Colombia's central zone

19 September 2012, Published under Cement News

Colombia’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...

Australia: market uncertainties ahead

03 September 2012, Published under Cement News

Challenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which became effective last month.   Last year saw a decline in housing starts as rising interest rates coincided with the end of stimulus packages. In November 2011, the Reserve Bank cut interest rates by 25bp to spur the market into recovery although it was unable to stop further declines in financing approvals. Latest da...