Cement News tagged under: construction

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Pakistan's cement and construction FDI falls

18 March 2019, Published under Cement News

According to State Bank of Pakistan (SBP), total foreign direct investment (FDI) into country during July 2018-February 2019 fell by 22.6 per cent compared to same period last year. The SBP data shows that the country received investments worth US$1.61bn during the first eight months of current fiscal year, down 23 per cent from US$2.09bn in the same period last year.   FDI in cement and construction sectors have also been impacted. Out of the country's total FDI, Pakistan's construction i...

Lafarge Malaysia to benefit if East Coast Rail Link is revived

08 March 2019, Published under Cement News

Lafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the project, says Affin Hwang Investment Bank Bhd. Lafarge Malaysia's shares rose 30 per cent yesterday on the news that the rail project might be revived, having been suspended in July 2018. "We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the p...

LafargeHolcim secures EUR100m Grand Paris Express project

28 February 2019, Published under Cement News

LafargeHolcim announced the conclusion of a supply contract for the Grand Paris Express project worth EUR110m, where LafargeHolcim will supply 260,000t of cement. The GPE is the largest transport infrastructure project in Europe and represents a total investment of about EUR38.5bn. The project will meet the growing city’s needs for an improved transport infrastructure and will prepare Paris for the 2024 Olympic Games. Assuming that this contract is spread evenly over five years, this repre...

South Africa's construction sector unlikely to recover before 2021

26 February 2019, Published under Cement News

Following Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unlikely to happen before 2021. Speaking at AfriSam's 2019 National Budget Breakfast in Sandton on Thursday, Dr Jammine told a diverse audience of more than 200 people from the construction sector that 2019-20 would remain very difficult. Planned government investment in infrastructure, for instance, was expected to rise...

Construction industry booming in Bangladesh

26 February 2019, Published under Cement News

The demand for cement, steel, bricks and other construction materials recorded a good growth in Bangladesh during 2018 and looks to perform even better this year implementation of major infrastructure projects is accelerated, according to local media reports.   According to Munir Uddin Ahmed, president of the Bangladesh Association of Construction Industry (BACI), 2018 was good for the industry as there had been no sharp increase in the prices of raw materials, and prices of cement, stones,...

New Kaspi production line enters tough market environment

15 February 2019, Published under Cement News

This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the end of 2018 but had a small delay. The new capacity increases HeidelbergCement’s presence in the local market, where it already operates the terminal at Supsa as well as the Rustavi plant and grinding plant at Poti. It has been a testing last 12 months for the Georgian operations of HeidelbergCement. In August 2018 the...

Siam Cement Group plans to expand products and services in Cambodia

12 February 2019, Published under Cement News

Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country's growing construction industry and changing consumers' behaviour. According to, SCG's Managing Director of Kampot Cement plant, Somwang Manpimonchai, “Our target this year in Cambodia is to maintain existing businesses which produce and sell our products, and to add new service solutions and introduce retail or B2C to the market." As part of a five-year pla...

FDI declines in cement and construction industry in 6MFY19

21 January 2019, Published under Cement News

Pakistan received a total foreign direct investment (FDI) of US$1.31bn during the first six months of FY18-19 (July -Dec), compared to US$1.63bn received in corresponding months of last fiscal year. This translates a YoY fall of 19.17 per cent, says the State Bank of Pakistan (SBP).   Out of which, Pakistan's cement and construction industry received foreign direct investment (FDI) of US$312.1m during the six months of FY18-19 (July -Dec), compared to US$380.50m received in corresponding mo...

Pakistan cement sector records 7.3% fall in FDI

21 December 2018, Published under Cement News

Pakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from US$24.6m. Meanwhile, the construction industry saw a decline of 10.9 per cent to US$242.5m.

India's GST council may cut tax on cement

14 December 2018, Published under Cement News

India's Goods and Service Tax (GST) council may consider moving construction items, such as cement, out of its highest tax band of 28 per cent in its meeting next week, according to The Economic Times. Cement is one of 35 items left in the band which is primarily used to tax luxury items. Cutting the GST rate on the material is expected to provide a boost to the housing and construction industry. "While a general expectation has always been for restricting the 28 per cent rate list to onl...