Cement News tagged under: construction
CPA: calls for chancellor to recognise construction potential driver as growth26 February 2013, Published under Cement NewsThe UK Construction Products Association (CPA) has called on the Chancellor to recognise the potential construction and product manufacturing has to drive short-term growth and enable long-term prosperity for the UK. In a statement, the CPA said it is vital government spend the GBP4.69bn capital investment boost announced in the 2011 Autumn Statement and the additional GBP5.5bn announced in December. Together these investments would provide at least an additional 0.8 per cent growth in GDP i... |
EU December construction output falls MoM20 February 2013, Published under Cement NewsConstruction output fell by 1.7 per cent in the euro area EA17 and by 2.7 per cent in the EU27 in December 2012, compared with the previous month. The largest monthly declines were seen in Bulgaria, Poland and Germany, in descending order, according to first estimates released by Eurostat, the statistical office of the European Union. Compared with December 2011, production in December 2012 dropped by 4.8 per cent in the euro area and by 8.5 per cent in the EU27. Compared with 2011, t... |
UK: recovery in Q4 masks longer-term trend11 February 2013, Published under Cement NewsThe latest Construction Trade Survey (CTS) published last Friday, shows that the majority of the construction industry endured a difficult 4Q12, due to declining output and orders on the demand side, combined with rising costs on the supply side. Large firms, especially those working in the infrastructure sector, have reported improving conditions, but the bulk of the industry still faces a very difficult year ahead especially those further down the supply chain, who are experiencing a con... |
Earthquake reconstruction efforts boost Sumitomo Osaka’s nine month operating profit08 February 2013, Published under Cement NewsSumitomo Osaka Cement is expected to report a strong gain in operating profit for the first nine months of the fiscal year on the back of earthquake reconstruction efforts. The company is expecting a 90 per cent YoY increase in consolidated operating profit to about JPY9bn for the nine months ended 31 December 2012. This would represent the highest figure for the April-December period in five years. Sales were up by approximately four per cent with consumption for ports and roads in the di... |
UK construction contracts for the third month05 February 2013, Published under Cement NewsUK construction output fell for a third consecutive month in January, according to a survey from the Chartered Institute of Purchasing and Supply (CIPS). January was the first month since last summer in which none of the three construction sub-sectors monitored by CIPS achieved growth. The civil engineering sub-sector suffering its first drop in activity since August. Housebuilding activity continued to fall, and commercial property construction stagnated in January,. CIPS' seasonally-a... |
UK construction: calls for real activity04 February 2013, Published under Cement NewsFollowing disappointing 2012 figures, the UK construction sector is braced for another tough year ahead and industry bodies are stressing the need to boost activity across the sector to prevent further declines in the industry and the wider economy. Evidence of a rapid decline in construction activity was confirmed by Mineral Products Association (MPA) sales survey results for 2012, which indicate a reduction of nine per cent in cement, aggregates and ready-mixed concrete in 2012 and an 1... |
UK construction falls 11% YoY, further declines ahead28 January 2013, Published under Cement NewsLatest figures by the Office of National Statistics (ONS) show that UK construction edged ahead on a quarterly basis in the final three months of 2012. However, activity declined by 11 per cent YoY and further falls are expected in the year ahead. ONS figures published on Friday show the UK economy fell by 0.3 per cent in the final quarter of 2012 compared to the previous quarter and was flat compared to the same quarter a year ago. The main contributors to this fall were the manufacturi... |
Euro area construction output down 0.4 per cent in November18 January 2013, Published under Cement NewsConstruction output in the 17-nation euro area decreased 0.4 per cent in November according to first estimates released by Eurostat. In Germany, Europe’s largest economy, November construction advanced one per cent from a month earlier, while Spain gained 1.2 per cent, according to today’s report. However, these gains were offset by falls in France and Italy, where output dropped 0.5 per cent and 3.4 per cent, respectively. In the 27-nation EU, construction fell 0.9 per cent from October... |
Peru’s cement shipments increase 15% in 201216 January 2013, Published under Cement NewsCement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at the Economic Research Department of Scotiabank, Pablo Nano, said the increased sales of cement in Per... |
Nomura initiates Siam Cement coverage with a 'buy'04 January 2013, Published under Cement NewsNomura initiated coverage of Siam Cement Pcl, Thailand's biggest industrial conglomerate with a 'buy' rating, citing strong cement business on the back of infrastructure spending and improving petrochemical cycle. The broker set a price target of THB530, according to reports by Reuters. "The company's cement business has had strong performance in 2012 driven by government's massive infrastructure spending ... However, SCC underperformed Siam City Cement despite SCC's superior earnings ... |