GlobalData: Philippines construction industry to reach US$75.1 billion in 2024
The Philippines construction industry is expected to post a sharp contraction of 9.2% in 2020.
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The Philippines construction industry is expected to post a sharp contraction of 9.2% in 2020.
Total construction and real estate industry M&A deals in Q2 2020 worth US$5.93 billion were announced in China, according to GlobalData’s deals database.
Taiheiyo Engineering Corporation has ordered three AUMUND Bucket Elevators and an AUMUND Drag Chain Conveyor for its biomass-fuelled power plant in Ofunato, Japan.
The company will deliver three new Siwertell ship unloaders to Jurong Port in Singapore to help ensure the environment-friendly handling of Singapore’s cement imports.
The company’s results for the second financial quarter show a 10% rise in standalone net profit.
The company has made Vietnam the new regional HQ of its cement business.
In view of the growing disruption in the region caused by the COVID-19 pandemic, South and Southeast Asia’s construction industry is now expected to contract by 4.3% says GlobalData.
The company reports that India’s construction sector is now expected to contract by 7.5% in 2020, due to the already weakened industry being further damaged by the COVID-19 lockdown.
The company has supplied Petra Cement in the Philippines with a ready2grind system.
According to GlobalData, Gulf construction companies must rethink their strategies to prepare for the new GCC construction market in a post-COVID-19 world.
The company has introduced initiatives that will minimise physical interactions and improve productivity at construction worksites.
Zlatko Todorcevski has been appointed as Chief Executive Officer (CEO) & Managing Director of Boral Limited, effective 1 July 2020.