Cemex in Dominican Republic begins first major turnkey project in Santo Domingo

Source: Cemex, S.A. de C.V., Monterrey, Mexico

Cemex has recently began its first turnkey project in the Dominican Republic with its participation in the construction of one of capital city Santo Domingo’s biggest projects and the surrounding market. Mercatodo Santo Domingo is a new distribution center for agricultural and refrigerated products. It will require 12,500 cu. meters of ready mix concrete and is one of the biggest projects currently being undertaken in the country.

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ARRA spending continues to decline

Source: Portland Cement Association, Skokie, Ill.

According to a recent PCA report, 77.3 percent of total American Recovery and Reinvestment Act highway funds have been dispersed through July, compared to 75.6 percent in June. July highway stimulus spending was $452 million, a 31 percent decrease from June’s spending rate. Against year-ago levels, July’s spending volumes declined 64 percent. Spending has averaged $529 million in the last three months compared to a $1.168 billion average for the same period last year.

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State economic recovery to vary depending on deficits, market strength

Source: Portland Cement Association, Skokie, Ill.

The national economy is expected to recover during 2011-2012, generating 2.5 million jobs in 2011 and 2.7 million in 2012. However, due to the over-supply characteristics in residential and commercial markets, coupled with persistent state deficits, construction activity may encounter a more prolonged recovery. According to a recent PCA report, relatively flat conditions will face the United States cement market for the next two years.

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Cement consumption forecast drops; lower prospective highway funding culprit

Source: Portland Cement Association, Skokie, Ill.

Uncertainty regarding highway spending legislation and government policy related to the debt crisis has caused the PCA cement consumption forecast to be downgraded from a 1.4 percent increase over 2010 figures to 0.2 percent for 2011.

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