Construction news

The CPA main scenario for construction output in 2020 is a 14.5% fall as the construction industry shows promising signs of recovery from the coronavirus pandemic.

The company’s CEO, Tom Schuler, has shared the possibility of turning Solidia Concrete into a carbon sink for the planet during his TED Talk at TED and Future Stewards’ Global Countdown Launch.

The Portland Cement Association (PCA) has released its annual Fall Forecast which predicts a modest decrease in cement consumption during 2020 and 2021.

With its new subsidiary in Singapore, the company is strengthening its presence in the region and expanding its international service and distribution network.

GlobalData has lowered its 2020 construction output forecast for Latin America to -11.4% from -6.8% previously, mostly due to the slower-than-expected rebound in construction activity in the second half of the year.

The construction output growth forecast for the Middle East and North Africa (MENA) region for 2020 has been cut to -4.5% from the previous estimate of -2.4%, according to GlobalData.

The oldest of Gebr. Pfeiffer's seven international subsidiaries has recently celebrated its 20th anniversary. A three-hour celebration of the foundation was held virtually.

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.