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Despite the improved performance in most of the countries across North-East Asia, growth in construction output in the region has been revised down to 0.9%, according to GlobalData.
Due to the COVID-19 outbreak, Australasia’s construction output is expected to contract by 4.8% in 2020, with hopes that the region will bounce back in 2021, says GlobalData.
New research by GlobalData’s MEED has shown that the commercial value of construction contracts issued in the Gulf Cooperation Council (GCC) fell by more than 50% in the first eight months of 2020 compared to the same period in 2019.
The cement producer SemeyCement has placed an order with Gebr. Pfeiffer for a vertical mill of type MVR 5000 C-4 to grind various types of cement.
India’s construction industry is expected to post a sharp rebound and grow by 11.6% in 2021, owing to lower base and pent up demand, according to GlobalData.
The company has been utilising digital tools in business since the outbreak of the COVID-19 pandemic and states that the positive impact of digitisation has been evident.
Steppe Cement Ltd has received notification that Alwaha Fund Limited has acquired a total of 3 750 000 ordinary shares in the company.
The company will support the GCCA’s ‘2050 Climate Ambition’, which aims to deliver carbon neutral concrete by 2050.
With the easing of COVID-19 restrictions in the Philippines and news of infrastructure projects resuming, the company has introduced more than 50 safety protocols in line with the World Health Organisation.
The company is set to combine the supply and distribution of cement, steel and paints across India, under its JSW One initiative.
According to GlobalData, the Singaporean construction industry is expected to post a V-shaped recovery in 2021 with the industry rebounding to post a growth of 11.2%.
The company has entered into a Memorandum of Understanding (MoU) with UltraTech Cement Ltd. to deliver 1.2 million t of red mud annually to UltraTech’s 14 plants.