UK Construction Declines Once Again
Today, Glenigan, one of the construction industry’s leading insight experts, releases the July 2022 edition of its Construction Index.
Browse the latest construction news news and articles.
Today, Glenigan, one of the construction industry’s leading insight experts, releases the July 2022 edition of its Construction Index.
Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData
Owing to ongoing economic instability in the form of high inflation, currency depreciation and rising prices for energy and construction materials, Egypt’s construction industry growth is expected to stand at 9.7% in real terms in 2022, following an 8.5% growth in 2021, found GlobalData, a leading data and analytics company.
Prometheus Materials has announced that it closed its $8 million Series A financing round. The round was led by Sofinnova Partners, with participation by the Microsoft Climate Innovation Fund, Skidmore, Owings & Merrill (SOM), GAF, and The Autodesk Foundation.
Supported by investments in transport infrastructure projects, in line with the German government’s focus on improving regional connectivity, the country’s construction industry is expected to regain growth momentum and expand by 1.9% this year.
As part of GCC’s commitment to net zero carbon emissions, GCC will fully convert the Minnesota market to portland limestone cement (PLC), a high-quality cement that lowers the carbon footprint of concrete.
The company forecasts that the Sri Lankan construction industry will contract by 4.6% in real terms in 2022 against the previous projection of 9.2% growth.
The construction output in Northeast Asia is forecast to record a 4.2% growth and reach US$4.71 trillion in 2022 compared to US$4.52 trillion in 2021, according to GlobalData.
The company has installed its distributed control system (DCS) automation platform to upgrade three grinding units at Star Super Cement in Dubai, UAE.
The cement works in Gmunden and Rohrdorf are currently reducing 5500 t of CO2 per year, which corresponds to around 50 000 truck journeys, by using more rail transport instead of trucks.
The app offers a simpler way to handle concrete purchases as it provides real time order tracking.
The company ended 2021 with net profit of R$1.6 billion, an increase of 244% compared to 2020.