GlobalData revises down Australasia construction growth to a contraction of 2.8% in 2022
According to GlobalData’s report, the Australasian construction industry is forecast to record a successive contraction in 2023, of 1.5%, mainly due to a continued decline in construction output.
Crane motors with exactly replicated interfaces
Menzel Elektromotoren has manufactured four crane motors with the exact electrical and mechanical interfacing positions of a make that is no longer available today.
Holcim acquires Wiltshire Heavy Building Materials
Holcim acquired Wiltshire Heavy Building Materials (Wiltshire), one of the leading building solutions and material circularity companies in the UK, with net sales of over CHF 20m in 2021.
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.