Cement News tagged under: construction
Bangladesh construction and cement sectors meet COVID-19 challenges01 April 2020, Published under Cement NewsThe Bangladeshi cement and construction industries have been directly and indirectly affected by the ongoing measures taken by the country's government to control the spread of the coronavirus pandemic. The country, which has been on holiday since 26 March, is likely to see its time off extended by five additional days to 9 April as a result. This is expected to impact the cement supply chain and continue to disrupt the implementation of large projects, according to local media reports. Th... |
US growth settles down19 March 2020, Published under Cement NewsWhile the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 (Source: PCA) The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stag... |
Australian contractors on the brink of collapse19 March 2020, Published under Cement NewsAustralia's construction industry is said to be on the brink of collapse, according to John Holland's CEO, Joe Barr. The building contractor reported losses of US$1bn in February and is in dispute with Transurban over who should pay for cost blow-outs caused by delays on Melbourne's AUD6.7bn (US$1.79bn) West Gate Tunnel project. "I won’t sugarcoat it," Mr Barr told The Australian Financial Review. "Tier-one contractors in Australia are not making any money, and governments across Australi... |
Uzbekistan: time to celebrate?17 March 2020, Published under Cement NewsFollowing a dramatic rise in construction activity, the Uzbek cement industry has seen local sales surge. To meet this increasing demand, existing producers are expanding their production facilities and the booming market has attracted a flood of interest from Chinese investors. By Annexure Financial Solutions, China. Uzbekistan is carrying out bold economic reforms that have resulted in a strong growth in investment and an increase in consumption, underpinning rising cement demand... |
Malaysia's construction sector to grow by 4% in 202020 February 2020, Published under Cement NewsMalaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sector hit 1.1 per cent in 2019, but in real terms, a flatline growth rate of 0.04 per cent YoY was reported. Fitch expects the sector’s growth to expand, as construction activity across both the infrastructure and buildings sector in 2020 is sighted to pick up. The pipeline of Malaysia's major rail and road sector is val... |
FDI grows in Pakistan but cement and construction sectors lag behind19 February 2020, Published under Cement NewsPakistan received a net total foreign direct investment (FDI) of US$1.563bn during first seven months of FY19-20 (July 2019 - January 2020) compared to US$943.6m in the comparative period of a year earlier. This represents an increase of 65.70 per cent YoY, mainly due to a high inflow of investment from China, Norway, Japan, Malta, South Korea and other countries in all sectors, according to the State Bank of Pakistan. However, the increasing FDI trend has not been evidenced in the country'... |
Pakistan construction sector likely to be declared as industry11 February 2020, Published under Cement NewsWhile chairing a recent construction meeting, Pakistan's Prime Minister, Imran Khan, stated that a decision has been taken, in principle, to declare the construction sector as an industry and directed that all necessary requirements should be completed at the earliest for implementation of the decision so that the sector could avail the same benefits being enjoyed by other industries. Mr Khan was of the view that promotion of construction sector is a government priority because more than 40... |
Argentina remains optimistic17 December 2019, Published under Cement NewsArgentina 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 listed13 December 2019, Published under Cement NewsCemex 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 201912 December 2019, Published under Cement NewsA 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... |