GlobalData: SSA construction sector to enter recession
The construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 has been cut down to -4.9% from previous forecast of 0.7%, according to GlobalData.
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The construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 has been cut down to -4.9% from previous forecast of 0.7%, according to GlobalData.
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.
The World Cement Association has announced its knowledge partnership with Decarb Connect, an organisation which supports the scale and acceleration of industrial carbonisation.
The company forecasts that construction output across Eastern Europe will fall by 2% in 2020, whilst output in Western Europe will plummet by 7.3%.
GlobalData’s MEED reports that the shareholders’ decision to liquidate Arabtec highlights the troubles facing the Gulf’s construction industry and how Arabtec’s market value has descended over the past decade.
The companies are partnering up on the development of a new water-resistant paper bag called ‘Rain Barrier’ for the Australian construction market.
The company has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape, a leader in digital optimisation solutions for the mineral processing industry.
Ken Loh, Pan-United Corporation, discusses an intelligent optimisation platform, which uses AI and analytics among other technologies, to overcome operational challenges commonly faced in the construction industry.
CTP Team Italy recently signed a turnkey EPC contract with Secil Group for a new Waste Heat Recovery System for Outão Cement factory, Portugal.
The company has supplied a range of complex concrete mixes to BAM Nuttall to build a new sea wall in Marine Parade, Dawlish, Devon.
The company has supplied the material for Germany’s first printed residential building made of concrete.