Cement News tagged under: infrastructure
UltraTech Cement24 August 2015, Published under Cement NewsIndia and the UAE have announced plans to create a multi-billion dollar fund to invest in India’s infrastructure sector. The fund, which plans to raise up to US$75bn, will be focused on next generation projects including railways, ports, roads, airports, industrial corridors and parks. Although no time frame has been given, or details on how the fund will be financed or structured, UltraTech Cement will be among the cement companies hoping the new fund will bring with it an increase in cem... |
India: AP producers set to receive state spending boost19 June 2015, Published under Cement NewsCement companies based in the southeastern state of Andhra Pradesh (AP) are to receive a boost from the state government's plans to procure more than 2Mt of cement this year for infrastructure and social development projects. According to official estimates, the AP state government will need over 2.2Mt of cement in 2015-16 to be acquired from local manufactureres. Irrigation projects will consume the lion's share of volumes followed by housing, local administration, and roads. AV Dharmak... |
UK construction industry reports further growth15 May 2015, Published under Cement NewsThe latest Construction Trade Survey shows that firms across the construction industry reported an eighth consecutive quarter of growth in activity in the first quarter of 2015. Large contractors, SMEs, civil engineers and product manufacturers all enjoyed growth in output in the first quarter of 2015, and further expansion is anticipated throughout 2015. Commenting on the survey, Dr Noble Francis, Economics Director at the Construction Products Association, said: “Activity rose in the firs... |
Philippine first-quarter cement sales up 9.6%30 April 2015, Published under Cement NewsPhilippine cement sales grew 9.6 per cent in the first quarter from a year ago to 5.7Mt, latest statistics from the Cement Manufacturers Association of the Philippines (CeMAP) show. Growth was attributed to demand from projects being undertaken by the public and private sectors. CeMAP president Ernesto Ordoñez said public sector spending, particularly that of the Department of Public Works and Highways increased. Private sector spending also improved because of growing confidence in the... |
Canada cement industry applauds impact of Federal budget23 April 2015, Published under Cement NewsThe Cement Association of Canada (CAC) has applauded the release of Budget 2015. Released on 21 April 2015 by the Minister of Finance, the Budget indicates that several billion dollars have successfully been invested in critical infrastructure projects across Canada. The CAC took the opportunity to highlight the critical importance of infrastructure investments in boosting the competitiveness and growth of the private sector, both of which it says are critical to the continued economic re... |
Expected second-quarter pick-up in Indian demand07 April 2015, Published under Cement NewsIndian cement demand is expected to see a revival over the July-September quarter on the back of an increase in infrastructure spending. Consumption continued to remain tepid during March, leading cement producers to cut their dispatches by 20-30 per cent even in the northern region which has been one of the most stable regions, according to brokerage firm PL India. Its report on the sector said that the weakness was primarily influenced by the government’s reduced spending to manage the f... |
India: Jan-March demand seen weak01 April 2015, Published under Cement NewsNomura says its interactions with cement dealers across India suggest demand was weak in the January-March period because of lower use of cement by government-related projects, reports Dow Jones. However, recovery is anticipated going forward on expected increases in government spending. "This weakness can be attributed to lower spending by the government as it tried to meet its fiscal deficit target for FY15," says Nomura. Though volumes were weak in the first quarter of the calendar yea... |
Holcim Philippines income and revenues rise 13% YoY26 February 2015, Published under Cement NewsHolcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent to PHP5.14bn from the previous year’s PHP4.55bn. Revenues also advanced 13 per cent to PHP32.64bn from last year’s PHP28.89bn, the company said. “The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, ... |
Malaysia: Tasek Corp full-year profit ahead18 February 2015, Published under Cement NewsTasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Malaysia based cement producer attributed the better to performance to higher domestic cement demand and improved ready-mix concrete prices. “The ongoing mass rapid transit projects and light rail transit line extensions are expected to continue leading the construction sector’s gro... |
Raysut full-year profit dips, Oman09 February 2015, Published under Cement NewsRaysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year. Revenue rose 1.1 per cent to OMR94,29m from OMR93.29m, according to a company filing with the Muscat Securities Market on Thursday. A research note by Gulf Baader Capital Markets (GBCM) said the company’s revenue was in line with estimates but earnings was below its forecast of OMR28.8m. According to GBCM, group sales volumes came in at 3.8Mt but ... |