Cement News tagged under: construction

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Argentina remains optimistic

17 December 2019, Published under Cement News

Argentina is facing more economic woes as inflation, interest rates, unemployment and the poverty rate continue to climb. But given the pressing need for both housing and infrastructure, its cement producers continue to invest in new capacity. With a new occupant at the Casa Rosada, the Argentine President’s executive mansion, the country has an optimistic view of the future At the end of October, Argentinians went to the polls to elect their president amid challengi...

Top start-ups in construction ecosystem of 2019 listed

13 December 2019, Published under Cement News

Cemex Ventures, Boston Consulting Group and Tracxn have announced their list of 50 most promising start-ups in the construction ecosystem of 2019. The alliance of the three companies aims to explore and promote new solutions in the global construction industry. The leading solutions encompass: • project design and engineering, optimisation, digitalisation and project planning, plus techniques to maximise efficiency and quality • project jobsite management, productivity improvement, efficien...

China sees strong cement demand at the end of 2019

12 December 2019, Published under Cement News

A financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The central government also lowered capital requirements for infrastructure projects such as railways, ports and toll roads. Cement consumption in the fourth quarter in China exceeded expectations . "There is a pronounced rebound in infrastructure construction towards the end of the year," said Chen Bolin, China Cement Associa...

Venezuela's construction industry stalls in 2019

11 December 2019, Published under Cement News

The president of the Venezuelan Chamber of Construction (CVC), Mauricio Brin, has said that the sector will close 2019 with a fairly negative balance sheet, due to a continuing decline in construction works. "Public construction is stalled and in the private area only some office buildings, specifically those that are in Caracas, Valencia and other capitals nationwide," said Mr Brin. Therefore, the low building materials output is sufficient to meet demand for the small number of activ...

Mexico's construction industry contracts in the 3Q19

04 December 2019, Published under Cement News

Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl...

Pakistan to set up construction and infrastructure board 

28 November 2019, Published under Cement News

An indirect development may stimulate demands for cement in country, following meeting of stakeholders in Islamabad yesterday.   A delegation of Construction Association of Pakistan, headed by Eng Arshad Dad Khan, called on Prime Minister, Imran Khan, at his office, wherein Minister for Planning, Asad Umar, was also present during the meeting.   The delegation appreciated the vision of the prime minister in approving the construction sector as 'industry' and the steps being taken by the pre...

Pakistan defers axle load and CNIC issues

04 November 2019, Published under Cement News

The Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,000/t (US$321/t). Two major issues – axle load and documentation of sale beyond PKR50,000/- (US$321/-) (the condition of submission of Computerised National Identity Card) are being deferred. Axle load issue Pakistan's Prime Minister, Imran Khan, has asked the Frontier Works Organisation (FWO) to defer the implemen...

Turkey: rebalancing for growth

09 October 2019, Published under Cement News

Following the recent decline in Turkey’s economic growth the domestic cement industry set about to improve its production efficiency and foster sustainable development in a sector that continues to expand as it looks forward to sustained cement demand at home and in its export markets. By Dr Tamer Saka, Turkish Cement Manufacturers’ Association, Turkey. Exports are key in supporting capacity utilisation rates in the Turkish cement industry with shipments as far afield as the USA an...

Macau sees slowdown in industrial sector for 2018

26 September 2019, Published under Cement News

The revenue of Macau’s industrial sector fell 4.1 per cent to MOP11.07bn (US$1.37bn) in 2018, according to the SAR’s statistics service. Furthermore, the expenditure of the sector decreased four per cent to MOP7.96bn. The revenue of cement and concrete manufacture dropped 16.5 per cent to MOP1.21bn for the year. This marks the fourth-consecutive year of decline on the back of a continued slowdown in demand after a decrease in the number of local large-scale construction projects.

Cement production in Panama falls 10%

30 August 2019, Published under Cement News

The drop-off in construction in Panama is being cited as the main reason for the depressed cement sector in the 1H19. According to data from the General Comptroller of the Republic, between 1H18 and 1H19, the total cost of construction went from US$662m to US$510m, which is equivalent to a fall of 23 per cent. Cement production totalled 749,235t in January to June 2019 and ready-mix concrete amounted to 614,210Mm 3 for the same period, a fall of 12 and 10 per cent, respectively, on 1H18....