Cement News tagged under: infrastructure
UK construction shrinks 10 per cent YoY13 August 2012, Published under Cement NewsUK construction output figures for 2Q12, published by the Office of National Statistics (ONS) on Friday, confirm that nearly every sector of construction activity, from private to public and from housing to infrastructure, has shrunk considerably over the last year and that overall, construction activity across Great Britain has contracted by 9.5 per cent in a year. The figures reinforce a number of recent construction indicators but there is growing concern that long term damage is now b... |
Middle East market developments13 August 2012, Published under Cement NewsCement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as construction picked up in certain parts of the Middle East. Saudi Arabia continues to be the region's strongest market, but improvements are being seen in the UAE and Qatar is gathering pace. However, a challenging operating environment persists in Egypt. According to a report by Global Investment House (GIH), combine... |
Fitch Ratings says outlook for Indian construction stable07 August 2012, Published under Cement NewsFitch Ratings says that the outlook for the Indian construction sector remains stable for 2H12, despite the continued unfavourable macroeconomic environment, as some of the risks have already been factored into the ratings. However, the medium-term outlook could be affected by ongoing challenges in execution, coupled with high interest rates and lacklustre equity markets. Fitch is concerned about the construction sector's growing order book position amid slowdown in project execution, as th... |
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |
China to fast track infrastructure investment to spur growth23 May 2012, Published under Cement NewsChina will fast track approvals for infrastructure investment to combat a slowdown in the economy, state-backed China Securities Journal reports. The government had asked for project proposals by the end of June, even for those initially earmarked for the end of the year, said the journal. Citing government sources, the article said Beijing did not rule out bringing forward next year's projects, if it thought more investments would be needed to stimulate the economy.?The newspaper al... |
Infrastructure investments to secure steady annual growth of FDI to Africa15 May 2012, Published under Cement NewsScaling up regional infrastructure projects will facilitate intra- and inter-regional trade, create integrated energy markets through regional power pools, support water resources management, and spur economic growth, says private equity leader. A growing emphasis on opening infrastructure investment to the private sector will both catalyse African economic growth and attract substantial foreign direct investment, the founder of Africa’s largest private equity firm said yesterday at the ... |
Venezuelan builders urge US$60bn for infrastructure25 April 2012, Published under Cement NewsThe Venezuelan Construction Chamber said Tuesday the country needs to spend US$60bn on maintaining existing infrastructure and to double investment in new projects. "A country's development cannot be promoted without investment in infrastructure," the group's head, Gilbert Dao, said, noting that Venezuela is currently devoting no more than 3% of GDP to infrastructure. During one of the organisation's seminars, Dao emphasised that other countries in the region such as Chile, Colombia and ... |
More private finance needed to fund UK infrastructure projects10 February 2012, Published under Cement NewsThe UK's Construction Products Association (CPA) has emphasised the essential role private finance has in providing funding for infrastructure and other public sector assets, especially considering the current constraints on public sector spending in the coming years. The statement comes on the back of the Treasury's recent PFI Review. Michael Ankers, the CPA's chief executive, said: "It is essential to find innovative ways of tapping into private sector finance through, for example, pensio... |