Cement News tagged under: infrastructure
Philippine nine-month cement sales surge24 October 2012, Published under Cement NewsPhilippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad... |
UK construction rebound not seen until 201416 October 2012, Published under Cement NewsConstruction output is forecast to fall by 6.3% this year and a further 1.4% next, before a return to growth in 2014 according to the latest Construction Industry Forecasts published today by the Construction Products Association (CPA). This decline will mean a reduction of almost GBP8.5bn of construction activity over these two years, undermining the ability for construction to lead the UK’s economic recovery, the CPA states. Commenting on these forecasts, Noble Francis, Economics D... |
Pakistan cement market progress15 October 2012, Published under Cement NewsLatest statistics on the Pakistan cement sector show that the country will have ended the first quarter of FY12-13 (July-September 2012) ahead of the same period as last year as September sales gather pace on the back of increased real estate activity and higher government infrastructure spending. Improving prices and government incentives are likely to further spur industry profitability but declining exports remain a concern. Preliminary estimates for September 2012 dispatches show tota... |
Indonesian September sales rise 34.4 per cent YoY12 October 2012, Published under Cement NewsIndonesian cement sales in September surged to a record high in September after dipping a month ago due to fewer working days during the Muslim festivities, data from the country's largest cement producer PT Semen Gresik Tbk showed on Friday. September sales soared 34.4 percent from a year ago to 5.2Mt boosted by increasing monthly sales in main islands of Java and Sumatra, the data said. While sales in the island of Moluccas and Papua fell 21.7 percent on a monthly basis. "We... |
Indonesia/Japan agree on infrastructure plan11 October 2012, Published under Cement NewsIndonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |
Cementos Argos announces investment in Colombia's central zone19 September 2012, Published under Cement NewsColombia’s leading cement producer Cementos Argos announced yesterday that it is to spend US$93m in expanding its cement capacity in the country’s central zone as the company positions itself for expected increases in domestic construction acitivity. The main focus of Argos’ investment will be the expansion of its Rioclara plant by 900,000tpa of cement. The project involves the extension of clinker capacity, the installation of a high-efficiency vertical mill plus packing and a truck load... |
Chinese stocks boosted on approved government infrastructure projects11 September 2012, Published under Cement NewsChina cement firms are outperforming the broader market on hopes that the government's recently approved infrastructure projects will boost their earnings; Anhui Conch Cement is up 3.8 per cent at CNY15.64 and Xinjiang Tianshan Cement is 9.6 per cent higher at CNY8.79. Last week, China's National Development and Reform Commission (NDRC) approved new subways, highways and other projects estimated at around US$156bn. The projects will be positive for steelmakers, cement producers, construct... |
Tvornica Cementa forecasts FY12 double-digit declines10 September 2012, Published under Cement NewsTvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const... |
UK: latest construction new orders remain depressed10 September 2012, Published under Cement NewsThe latest quarterly Office of National Statistics (ONS) figures for UK construction new orders released today show that new orders for construction remained at a depressed level in the second quarter of 2012, despite having risen 1.5% in the first half of 2012 compared to the same period one year earlier. New orders remain 40% lower than the pre-recession peak. Commenting on the new orders data, Noble Francis, Economics Director at the UK’s Construction Products Association (CPA) said: “... |