Construction news
CEMEX invests in global venture fund oriented to sustainable construction
CEMEX’s corporate venture capital and open innovation unit, have announcced that they are investing in a global early-stage venture fund, Zacua Ventures, aiming to tackle the construction industry’s biggest challenges in sustainability.
GlobalData revises down Australasian construction output growth forecast to 4.1% in 2022
Construction activity in Australasia and New Zealand slowed in the first quarter of this year, with outbreaks of the Omicron variant, flooding in eastern Australia, and rising construction material and labour costs disrupting construction works.
CEMEX supports construction of Aquatic Centre for Commonwealth Games
CEMEX has provided over 3000 m³ of concrete for the development of the Sandwell Aquatics Centre, due to be used for the diving and swimming competition in the Commonwealth Games this month.
Construction in Eastern Europe and Central Asia to face significant headwinds in H2 2022 following Russia-Ukraine war
Construction output in Eastern Europe and Central Asia is forecast to contract by 3.4% in 2022, found GlobalData.
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.
North American construction output forecast to grow despite rising material prices and interest rates
Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData
Egypt’s construction output remains resilient despite high inflation and currency depreciation, 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 raises $8 Million to decarbonise the building materials industry, in Series A funding round led by Sofinnova Partners
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.
Germany’s construction industry output expected to grow 1.9% in 2022 despite shortage in construction materials and escalating costs, says GlobalData
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.
GCC Fully Converts Minnesota Market to Portland Limestone Cement
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.