Displaying items by tag: Infrastructure
Portland Cement Association welcomes US House of Representatives' US$1.2Tn infrastructure act
10 November 2021US: The Portland Cement Association (PCA) has expressed its support of the House of Representatives' new Infrastructure and Jobs Act, consisting of a US$1.2Tn infrastructure spending plan. The plan includes US$550bn in new federal investments before 2027. US$16bn is set aside for 'major projects' requiring special funding arrangements. The legislative body voted in favour of the bill on 7 November 2021. The act awaits the signature of US President Joe Biden. Biden previously unveiled a proposed US$2.25Tn infrastructure package in March 2021.
PCA president and chief executive officer Michael Ireland said "The PCA applauds the US House of Representatives for finally passing the Infrastructure Investment and Jobs Act. This bipartisan infrastructure bill not only addresses years of underinvestment in the nation’s infrastructure but will spur economic growth and job creation in communities across the country, improving the quality of life and our nation’s global competitiveness. As many are still recovering from the Covid-19 pandemic, this legislation will further our nation’s recovery, creating thousands of well-paying jobs."
He continued "PCA members across the country appreciate the legislation passing a long-term reauthorisation of the surface transportation programme, including significant investments in our water infrastructure, providing funding for the department of energy to focus on the research, developmentand deployment of technologies for manufacturers to capture carbon emissions, and the exemption of cement from Buy America requirements. We are eager for President Biden to sign this legislation into law and start building a better future for America.”
Nigeria: Domestic cement sales totalled US$3.46bn in value in the first nine months of 2021, up by 30% year-on-year from US$2.66bn in the corresponding period of 2020. The Punch newspaper has reported that market research company Atlas Portfolios Limited attributed the growth to an increase in federal and state governments’ infrastructure spending. The company added that increased homebuilding following the end of the Covid-19 lockdown generated further demand growth.
Holcim launches 2030 People Strategy
26 October 2021Switzerland: Holcim has announced new global social impact targets for 2030 under its new People Strategy. The targets fall under three pillars. These are ‘bridging the housing and infrastructure gap,’ ‘improving livelihoods’ and ‘upholding human rights.’ The company says that this will entail efforts to ensure adequate housing and infrastructure for all, support for health, education and skill building and the implementation of due diligence across its value chain. The strategy includes a target to create Euro468m of social value by 2030. The figure will include the total value of schools, hospitals, rural roads and affordable housing renovated or built in the period. Between 2016 and 2020, Holcim benefited over 31m people with Euro187.21m in social investment.
CEO Jan Jenisch said “Our business plays an essential role in society's progress. We build the roads, bridges, hospitals and schools that enable people to thrive around the world. With 3bn people expected to lack access to adequate housing by 2030, I am committed to putting our business to work to uplift our communities.”
Cemex counts cost of Covid-19 in 2021
08 October 2021Mexico: Cemex CEO Fernando Gonzalez has estimated that the impacts of the Covid-19 outbreak will cost the group US$100m in 2021. Gonzalez attributed the anticipated negative effect on full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to supply chain disruptions and currency effects, especially on the Mexican Peso, as well as delays to projects globally.
Seven Rings Cement to supply cement for construction of Sylhet Osmani International Airport
05 October 2021Bangladesh: Seven Rings Cement has secured a contract for the supply of cement to the site of the upcoming Sylhet Osmani Internation Airport in Sylhet. Chief marketing officer Gautam Chatterjee signed the contract with Beijing Urban Construction Group on behalf of the company.
Seven Rings Cement is currently also supplying cement for the new Hazrat Shahjalal International Airport Terminal 3 in Dhaka.
Spain’s eight-month cement consumption grows in 2021
01 October 2021Spain: Consumption of cement in the first eight months of 2021 was 9.58Mt nationally, up by 13% year-on-year from 8.48Mt in the first eight months of 2020. The Spanish Cement Industry Association (Oficemen) says that consumption remains 2% below pre-Covid-19 outbreak levels in the corresponding period of 2019. The El Economista newspaper has reported that the association has forecast full-year cement consumption of 14.6Mt in 2020, slightly below the full-year 2019 figure of 14.7Mt.
President José Cascajero said "These levels put us on the path to have a growth in future years that is hopeful. The recovery of infrastructure, which has returned to being the primary source of demand, and residential building, has allowed both consumption and expectations to be substantially improved since April 2021.”
In 2022, he forecast year-on-year demand growth of 3 - 5%, due in part to the positive impacts of the EU post-Covid-19 outbreak recovery fund. Cascajero warned of the increasing burden of rising electricity prices and CO2 emissions fees and called for ‘structural reforms’ to mitigate their drag on growth.
Hanson updates on cement and building materials supply to Hinkley Point C power plant
22 September 2021UK: Hanson has delivered 171,000t of cement to the site of the upcoming Hinkley Point C nuclear power plant in Somerset. It has also delivered 1Mm3 of ready-mix concrete via the customer’s on-site batching plants, 5Mt of aggregates and 443,000t of sand. Its Port Talbot site in Neath Port Talbot has supplied 230,000t of Regen ground granulated blast furnace slag (GGBFS) for use in concrete production, reducing the product’s carbon footprint by a total of 200,000t compared with concrete produced using ordinary Portland cement (OPC) only.
Saoura Ciment launches sulphate-resistant cement production
17 September 2021Algeria: Saoura Ciment has begun sulphate-resistant cement production at its Saoura cement plant near Béchar. The Groupe des Ciments d'Algérie (GICA) subsidiary made the move as part of efforts to diversify its production. It plans to supply the product to public works projects in the region, where its resistance to high soil salinity will prove useful. The cement will be available from all four of the plant’s commercial outlets in and around Bechér.
In August 2021, Saoura Ciment produced 180,000t of cement. It exported 25,000t to Mali, Mauritania and Niger during the month.
Kenya: Cement producers recorded a 28% year-on-year increase in production in the first five months of 2021 to 3.35Mt from 2.65Mt in the first five months of 2020. The Business Daily newspaper has reported that the Kenya National Bureau of Statistics recorded a 27% increase in cement consumption to 3.35Mt from 2.64Mt. The increases follow a rise in infrastructure investment by the government, especially in the roads and dams segments. Increased credit requests by property developers also indicate a recovery in the private sector following the decline of the Covid-19 outbreak. Kenyan gross domestic product (GDP) growth is forecast at 6% in the 2021 full year.
India: The government of Uttar Pradesh plans to build over 10,000km of new roads in rural areas. The state is presently engaged in the construction of 6500km of road, consisting of 800 separate roads and five bridges. The Times of India newspaper has reported that the latest proposals await the approval of the national government. Some of the roads will be rebuilt using full depth reclamation with cement and other additives.