Cement News tagged under: construction

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Greek construction starts recovery in May

12 August 2019, Published under Cement News

The Greek construction sector saw building permits rise by 7.4 per cent in May, according to the statistics agency ELSTAT. There were 1453 building permits issued in the month covering an area of 268,900m 2 . May's figures are still 5.7 per cent down on May 2018 and are down 13.3 per cent lower than in the first five months of 2018. However, 2018 was a rebound year from very low levels and the current statistics prove that the recovery in 2018 was not a one-off, say experts. Moreover, the ...

Adelaide Brighton updates its forecast for 2019

31 July 2019, Published under Cement News

Australia’s Adelaide Brighton has issued a profit warning for the 2019 period, stating that its underlying profit is expected to fall around 37 per cent YoY to AUD120-130m (US$82.6-89.6m) from AUD190.1m. The company has cut its interim dividend, cancelled ingredient imports and booked an AUD100m impairment charge, resulting in its shares posting the steepest fall in 15 years, according to Reuters. The warning arrives as Australia’s construction sector continues to contract, with AIG Cons...

Siam Cement Group Cambodian sales revenues top US$226m in 1H19

31 July 2019, Published under Cement News

Siam Cement Group Public Co (SCG) announced sales revenues of US$226m in Cambodia in 1H19, an increase of 11 per cent on 1H18, mainly due to higher cement sales. SCG raised US$116m in the 2Q19 with the help of the company's recently launched Interior Solution scheme to design and provide material specification services for residential and commercial buildings. Currently, the construction sector is booming in Cambodia. A total of 2047 construction projects worth US$3.39bn were approved in ...

FDI in Pakistan's cement and construction industries continues to slide

24 June 2019, Published under Cement News

The State Bank of Pakistan (SBP) has reported a massive decline of net foreign investment for local industries, including cement and construction, between July 2018-May 2019. According to a central bank report, total foreign direct investment (FDI) into the country fell by 49.2 per cent YoY during the first 11 months of FY18-19. A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 36.4 per cent YoY in the 11-month period. Out of the country...

Bangladesh cement producers look for relief in coming budget

30 May 2019, Published under Cement News

The Bangladesh Association of Construction Industry and Bangladesh Cement Manufacturers Association have submitted their demands for the incorporation in the coming July 2019-June 2020 government budget for the progress of the construction and cement industry. Bangladesh's budget is likely to be presented in Parliament on 13 June 2019. Construction sector representatives and trade bodies have urged that the government should not impose any new tax, duty or value-added tax on the constructi...

Russia: time for change

15 April 2019, Published under Cement News

While Russia’s economy has stabilised following several years of recession, domestic cement demand is expected to only return to growth in 2020. Meanwhile, trading volumes have also softened as cement imports and exports continue to decline on the back of lower demand from domestic and key export markets. By Aleksei Semenov, GS-Expert LLC, Russia. The construction of office and administrative buildings rose by 25 per cent YoY in 2018 although the major office market of Moscow exper...

Zimbabwe's construction contracts in 4Q18

12 April 2019, Published under Cement News

Zimbabwe's construction industry contracted by 6.3 percentage points last year. A Treasury report cited cement shortages and high prices of construction materials for the slowdown. The construction sector registered 7.7 per cent growth in 4Q18 having been revised down from a Treasury forecast of 14 per cent growth. "The construction industry boom that was being experienced in the economy during the1H18 suffered a huge setback following acute cement shortages and unsustainable prices of c...

6th LafargeHolcim Forum is held in Cairo

10 April 2019, Published under Cement News

LafargeHolcim and the American University of Cairo held the 6th LafargeHolcim Forum on 'Rematerializing Construction' in Cairo, Egypt, on 9 April. The forum drew more than 350 leading minds from architecture, engineering, planning and the construction industry and a total of 1200 attendees. Khaled Abbas, Deputy Minister of Housing (Egypt) and Roland Köhler, Chairman of the LafargeHolcim Foundation (Switzerland) welcomed the guests. The meeting included four concurrent workshops with co...

Simba Cement plans construction of new plant

04 April 2019, Published under Cement News

After receiving approval to acquire Cemtech Ltd , Tanzania’s Simba Cement has announced plans to construct the Ortum Cement project that Cemtech had struggled to get off the ground. The project in West Pokot County, Kenya, was due to start in 2010. However, due to the recent developments, work is now expected to begin within a year. Construction is scheduled to take 18 months to complete. Simba Cement is currently seeking an audience with the residents of Sebi, where the plant will be b...

PCA Spring Forecast 2019: US cement consumption growth of 2.3%

28 March 2019, Published under Cement News

The Portland Cement Association (PCA) has released its annual Spring Forecast, which envisions strong to moderate growth for cement consumption through 2019 and into 2020. PCA Market Intelligence expects cement consumption to grow by 2.3 per cent in 2019 compared to the forecast a year ago, this represents a marginal slowing in the pace of growth. "While there are several phenomenon that confront the economy in the next two years, PCA believes the economy is strong," said Ed Sullivan, PC...