Cement News tagged under: infrastructure
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Qatar could face shortages due to lack of capacity additions17 October 2013, Published under Cement NewsQatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition venues to support an influx of visitors. Projects are currently focused on housing, hotels, 12 stadi... |
Asia Cement sees slower 2014 revenue growth27 September 2013, Published under Cement NewsAsia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r... |
MPA calls for government to sustain UK industry24 September 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK yesterday launched a landmark document for the UK cement industry. The new publication launched on Monday sets out to explain the importance of cement and concrete to the UK economy and society and is entitled ‘Cementing the Future – Sustaining an Essential British Industry’. It further draws attention to the vulnerability of the industry to overseas competition unless the government acts to create a level playing field in terms of the cost of... |
Cemex seeks further collaboration for housing and infrastructure projects21 August 2013, Published under Cement NewsDuring its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ... |
Holcim Philippines reports strong 2Q net profit14 August 2013, Published under Cement NewsHolcim Philippines reported better-than-expected rise in second quarter net profit on the back of seasonal demand and effective cost controls. It is now preparing to restart its Batangas grinding unit next month to better serve expected rises in demand from the public and private sector. Net income rose 33.88 per cent to PHP1.62bn (US$37m) in the April-June 2013 period from PHP1.21 as construction picked up during the summer months, supported by steady plant operations and improved cost man... |
Indonesia sales reaccelerate in June15 July 2013, Published under Cement NewsCement sales in Indonesia have reaccelerated in June following a slowdown in the previous month as demand recovers outside of Java. However, a more reduced growth rate is expected through the second half of the year due to a decline in infrastructure development. Industry sales rose 9.2 per cent to 4.Mt in June, according to the latest data from the country’s leading cement producer Semen Indonesia, citing data from the Indonesian Cement Association. This was compared to growth of just 2.... |
MPA welcomes spending review but reiterates need for accelerated delivery28 June 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK welcomes the Chancellor’s commitment to increase public investment to over GPB50bn per year from 2015-16 as well as the announcements on infrastructure, but remains concerned about the need for short term investment prior to the election. Nigel Jackson, Chief Executive MPA, said: “We have heard the words, we now need a greater sense of urgency and accelerated delivery to create confidence for the private sector to invest to really boost gro... |
Lafarge Malayan Cement 1Q13 revenues edge ahead23 May 2013, Published under Cement NewsLafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl... |
Spanish monthly consumption down 40% YoY18 April 2013, Published under Cement NewsCement consumption in Spain continues descending with demand in March 2013 down 40 per cent YoY, according to the latest data released by domestic cement association Oficemen. Cement demand plummeted by more than half a million tonnes last month to 778,568t, compared to March 2012. Accumulated figures for the first quarter of 2013 also paint a grim picture, with consumption at 2.535Mt, down 29 per cent on the same period of last year. "In addition to the stoppage in construction, go... |