Cement News tagged under: infrastructure investment
Cemex will ‘gladly’ supply materials for Trump border wall02 March 2017, Published under Cement NewsCemex board Chairman, Rogelio Zambrano, has stated that Cemex would be happy to give estimates for the supply of cement to companies building the US-Mexico border wall, Reuters reports. Last Friday the US government said that it would release a request on or around 6 March, inviting companies to submit designs for the new wall. "If one of our clients asks us for a quote for materials, we have the responsibility to do it," a Cemex spokesman said but added that no such request had yet be... |
Pakistan: FWO seeks approval for new plant in Khyber Pakhtunkhwa24 February 2017, Published under Cement NewsAccording to reports in the Daily Times, the Frontier Works Organization (FWO) is seeking approval from the Pakistani government to establish a new plant in the Haripur area of Khyber Pakhtunkhwa. Details of the proposal are scant, but the FWO is understood to have met with representatives of the provincial government to discuss the plan. The latter told local media that they welcomed the proposed investment as part of the wider work on the China-Pakistan Economic Corridor. The FWO is ... |
LafargeHolcim's Olsen welcomes US infrastructure pledge18 January 2017, Published under Cement NewsEric Olsen, CEO of LafargeHolcim, has welcomed President-elect Donald Trump’s commitment to increasing infrastructure spending in the United States, CNBC reports. "We've believed for many years the US needs a significant boost in infrastructure, if you look at the status of bridges, roads... core infrastructure in the US needs real investment and we're heartened to see that that's coming", Mr Olsen said. "Infrastructure payments typically pays off 2.5 times for what you do. You need to... |
Indonesia: July cement demand up slightly, stronger growth anticipated24 August 2016, Published under Cement NewsAccording to figures released by the Indonesian Cement Association (ASI), cement demand in July was up slightly YoY, despite falling by 29 per cent compared to June, Indonesian Investments reports. Taken as a whole, the first seven months of 2016 have seen consumption rise by four per cent above the same period in 2015. However, demand remains below that recorded in 2014. The industry’s failure to regain its previous peak has been partly attributed to the government’s slow pace of spen... |
Nigeria: Dangote begins construction of Itori-Ibese road06 June 2016, Published under Cement NewsDangote has begun construction of a network of concrete roads in Nigeria, beginning with a 24km stretch linking Itori and Ibese in Ogun state, Leadership reports. Speaking at the inauguration of the first road, Aliko Dangote said that concrete roads offered a means to address the infrastructural challenges faced by African nations. Dangote said: “We have also recently been finally awarded the contract to reconstruct the 42km Obajana-Kabba Road in Kogi State, in concrete. The estimated ... |
Pakistan: new federal budget to increase cement demand02 June 2016, Published under Cement NewsPakistan’s new federal budget, set to be announced in the next few weeks, looks set to provide a fillip for the country’s cement producers by boosting demand. Through the federal and provincial Public Sector Development Programmes (PSDPs) the government has allocated PKR1675bn (US$16bn) for infrastructure projects, including roads and dams. However, the budget might also change the way in which Federal Excise Duty is applied to cement. Currently the tax is levied at five per cent of retai... |
China National Building Materials (CNBM)29 March 2016, Published under Cement NewsWith cement production capacity continuing to rise, China’s cement producers, such as China National Building Materials (CBNM), are be hoping for a revival in demand on the back of any new infrastructure projects. China’s National Development and Reform Commission has confirmed the approval of 15 new investment projects this month worth CNY34.1bn (US$5.3bn). The announcement forms part of an overall pledge to increase investment in infrastructure and public services following 10.2 per ... |
India: infrastructure boost to reduce supply-demand gap30 September 2014, Published under Cement NewsA significant increase in infrastructure investment under India’s new government is expected to raise cement demand and reduce the current oversupply in the country’s cement market. India’s present cement capacity stands at around 375Mt, but demand is currently lagging behind considerably at 300Mta. “However, this gap is likely to shrink as focus on revival of stalled infrastructure projects results in higher demand growth over next few years,” Alok Sanghi, director of Sanghi Cement Ltd, ... |
Page
1
of
1
1