Cement News tagged under: housing

RSS feed

LafargeHolcim plans second Malawi Durabric factory

03 December 2019, Published under Cement News

LafargeHolcim is trying to make housing more affordable to Malawi citizens and is planning to set up a second Durabric production plant. Durabric is made from soil, sand, cement and water and does not require firing like commonly-used clay bricks. LafargeHolcim is working in a joint venture with UK state-owned development financier CDC Group on a second production plant in Malawi. The joint venture – called “14Trees” after the number of trees it says can be saved for each house built – is ...

Mixed outlook for Pakistan's cement sector

24 April 2019, Published under Cement News

Positive programmes for Pakistan's housing developments and cement demand in April have been dampened by changes to bank and interest rate rises, as well as expected lower fiscal expenditure by the government. Pakistan's Prime Minister, Imran Khan, has performed the ground-breaking of the first project of the Naya Pakistan Housing Programme. The cement industry has been waiting ambitiously for this moment, which will create cement demand. However, the State Bank of Pakistan has raised...

Cement price rise concerns Philippine housing developers

22 January 2019, Published under Cement News

Housing developers in the Philippines have become alarmed at the sudden rise in cement prices in the last few weeks. The Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP) and the Socialized Housing Alliance Roundtable Endeavour (SHARE), an association of non-government organisations (NGOs) engaged in housing development, reported that teh hikes in price of the commodity and shortages were of concern. Cement prices for 40kg bags jumped from PHP205 (US$3.87...

Mexican cement industry optimistic about announced housing programmes

30 November 2018, Published under Cement News

The Mexican cement industry has welcomed announcement of social housing programmes by the new government voted into office last July. "In Mexico there are 7 million families with the potential to enter into schemes of construction or improvement of housing. Meeting their needs can be a growth driver; This type of initiative has been very successful in Colombia and Peru,” said Mauricio Doehner, president of CANACEM, the national cement chamber. However, Mr Doehner’s optimism included a ca...

Fletcher building hit by Golden Bay shutdown and Australian residential market

21 November 2018, Published under Cement News

Fletcher Building Ltd's performance has been impacted by trading conditions and a four-week shutdown of subsidiary Golden Bay Cement which cost in the range of NZD8-11m (US$5.4-7.5m). The company has downgraded its full-year EBIT by 10 per cent to NZD20m. "The 10 per cent lower ebit was a reflection of Australian trading conditions, the Golden Bay Cement issue and timing of sales in its New Zealand residential business,'' said Craigs Investment Partners broker Peter McIntyre. In addition...

Large housing scheme to raise Pakistan's cement demand

04 September 2018, Published under Cement News

Pakistan's Prime Minister, Imran Khan, has chaired a meeting on construction of the '05 Million Housing programme' for of low-cost/affordable housing. The meeting was attended by Yaqoob Izahar, Najeeb Haroon, Arshad Dad, Secretary Housing & Works Dr Imran Zeb Khan, Secretary Law M Justice (R) Abdul Shakoor Paracha and other senior officers. The Prime Minister said that construction of low-cost and affordable '05 Million Houses' is the foremost priority of the government which would not onl...

Cimerwa hires consultants to improve house construction projects

17 August 2018, Published under Cement News

Rwanda's largest cement manufacturer, Cimerwa, has hired three construction consultants with an aim to improve standards in the property market. The consultants offer free advice to Cimerwa clients, largely on issues related to which material to use when constructing a house or implementing any construction project. The initiative was unveiled during the just-concluded Rwanda International Trade Fair, commonly known as the Expo. Cimerwa officials said that the partnership with the consultan...

Sino-Zimbabwe Cement announces plan to build homes

15 June 2018, Published under Cement News

Sino-Zimbabwe Cement Co (SZCC) plans to construct 300 houses at its Indiva Farm facility, Gweru, Zimbabwe. The company stated that the housing project will depend on the completion of a brick and tile plant which is also being constructed near the plant, according to Nehanda Radio. "We want to construct staff houses for our employees but our focus is to ensure that we cut costs by taking advantage of the products we produce at the company. For instance, we want to ensure that we complete th...

Savannah Cement targets Big Four Agenda projects

02 March 2018, Published under Cement News

Savannah Cement will tap into Kenyan President Uhuru Kenyatta's Big Four agenda – manufacturing, universal healthcare, affordable housing and food security – as it enhances its supply focus on local and regional infrastructure development projects such as Standard Gauge Rail (SGR), Outering Road, Mutomo- Kibwezi Road among many others. Savannah Cement Managing Director, Ronald Ndegwa, said the agenda will help to create much-needed jobs for Kenya’s burgeoning youth population. "The Bi...

Indian demand to pick up by 2% in FY18

01 February 2018, Published under Cement News

Indian cement demand has been forecast to increase by two per cent in FY18, according to a notice by ICRA. In the first eight months of FY18 cement production grew by 0.6 per cent YoY, to 190Mt from the 188.8Mt reported in the year-ago period. However production declined in the first and second quarter of FY18 when compared to FY17, falling 3.3 per cent and 0.4 per cent respectively, reports The Financial Express. Demand has been impacted by a variety of issues throughout the year such as ...