Cement News tagged under: infrastructure
Indonesia 2016 sales forecast to accelerate07 January 2016, Published under Cement NewsThe Indonesia Cement Association expects cement sales to rise by almost five per cent this year to 64.5Mt from an estimated 61.5Mt in 2015, driven by a push for government-led infrastructure development across the country. In 1H15 the Indonesian government failed to spend a significant portion of the allocated budgets due to budgetary and organisational reforms. After the disappointing start, an increasing number of government-led infrastructure projects took off in the second half of the ... |
Indonesia Cement Association requests acceleration in infrastructure development04 December 2015, Published under Cement NewsIndonesia Cement Association (ASI) has called on the country's president to accelerate infrastructure development to boost local cement demand. “We expect the infrastructure programme to start in February or March, so that next year’s demand could rise 4.6 or even eight per cent,” Widodo Santoso, head of the ASI said after meeting President Joko Widodo in the palace. The president has said the infrastructure program has been considered slow in its implementation, but by infrastructure deve... |
PCA: Congress completes work on multi-year Highway Bill04 December 2015, Published under Cement NewsThe PCA announced that the US Senate last night passed a final surface transportation reauthorisation bill that provides more than US$280bn to maintain and improve the nation's highways, transit systems, and transportation safety programs. Senate approval came only hours after the legislation, known as the FAST Act, cleared the US House of Representatives with broad bipartisan support. Passage in both chambers clears the way for the measure to be signed into law by the President. “We've wa... |
Fitch Ratings – infrastructure to boost Thai demand17 November 2015, Published under Cement NewsFitch Ratings says demand for cement and building materials in Thailand will accelerate with the government's planned infrastructure investments over the near term. However, a slow recovery of demand from the residential segment should soften the pace of overall demand growth in 2016. The infrastructure investments will continue to be a key driver for cement and building materials over the next few years. The accelerated project implementation in rails, roads, harbours, and airports is wo... |
Infrastructure pick up boosts Indonesia sales16 November 2015, Published under Cement NewsIndonesia's cement sales climbed 10.7 per cent YoY to 6.4Mt in October 2015 as government-related infrastructure development has picked up in the second half of the year, according to the latest data from the Indonesian Cement Association (ASI). Widodo Santoso, Chairman of the ASI, said various infrastructure projects – such as regional government projects as well as smelter and power plant construction – have started and are therefore boosting cement sales. Cement sales only contracted on... |
US House of Representatives passes multi-year highway bill06 November 2015, Published under Cement NewsThe Portland Cement Association (PCA) has applauded the US House of Representatives for today’s passage of the Surface Transportation Reauthorization & Reform Act (STRRA), a multi-year federal highway bill. With passage of this bill Congress moves one step closer to completing work on vital infrastructure legislation that will help spur economic growth across the country. The bipartisan measure sets federal surface transportation policy for a six-year period, including critical reforms tha... |
PT Indocement28 October 2015, Published under Cement NewsPT Indocement, along with the country’s other cement producers, will be hoping that the latest foreign direct investment (FDI) announcement from the Indonesia Investment Co-ordinating Board (BKPM) will spur on infrastructure investment, leading to an increased demand for cement. FDI into Indonesia grew by 18.1 per cent YoY in 2Q15 to US$6.86bn, according to BKPM. It is hoped that the steady inflow of FDI will help boost the country’s economy which slowed in terms of growth to a six-year... |
China National Building Materials (CNBM)28 October 2015, Published under Cement NewsChina National Building Materials (CNBM) will be hoping that the government’s recent announcement regarding GDP growth will help speed up infrastructure projects in the country, driving up cement demand. China’s economy expanded by just 6.9 per cent in 3Q15, compared to seven per cent in the previous quarter, marking its slowest growth in six years. While consumer spending accelerated during the quarter, downward pressure from real estate and exports kept GDP growth subdued. The governmen... |
Lafarge Malaysia Bhd considers Sarawak investment27 October 2015, Published under Cement NewsLafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legrand, has indicated. Mega projects in the region include the MYR16.1bm Pan Borneo Sarawak Highway. Mr Legrand told local press that the company would consider proposing the usage of cement and concrete-based material in the construction of the highway.| Meanwhile, concrete division vice president Rick Pucci said Lafar... |
Indonesia September sales ahead15 October 2015, Published under Cement NewsIndonesia cement sales rose by 2.8 per cent in September, latest data from the Indonesia Cement Association (ASI) shows. Sales rose to 5.79Mt last month, from 5.63Mt a year earlier. Cement sales had picked up pace in August, following contraction over several months of the year, due to delays in government infrastructure construction. "Cement sales for infrastructure have picked up, now it accounts for 23 per cent of our sales up from 20 per cent last year," the Jakarta Globe quote... |