GLG News by Building Materials Industry Experts

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

A Steeper Slump in Cement Consumption in 2007

June 20, 2007

Analysis of:Recent Data Suggests Spring Forecast Optimistic | www.cement.org

The Portland Cement Association (PCA) is now suggesting a dimmer outlook for construction activity and cement consumption than previously forecast. Cement demand in 2007 had been forecast by the PCA to decline only 1.5%, but is now suggesting a drop of 3%-4% as the more likely scenario. Could this be the beginning of even further downward revisions in the outlook for construction materials demand in 2007? And, perhaps more importantly, how will pricing hold up in the face of declining demand?

Jeremy WallerOwner and Managing DirectorAl Taqa International Ltd

Impact of imports on traditional sectors - construction materials and furniture - is protectionism practical?

May 25, 2007

Analysis of:USG to Cut 500 Jobs Due to Housing Slump | biz.yahoo.com

The extra demand for construction materials created by Katrina may also be diminishing, as manufacturers bring on the extra capacity they needed in the aftermath. Imported materials were able to gain a foothold in some parts of the low end market for construction materials, as prices of bulk commodities rose.

Dwight "Rick" TomlinsonConsultantRick Tomlinson Consulting

USG Sees the Future Both Near and Far Term

May 23, 2007

Analysis of:USG to Cut 500 Jobs Due to Housing Slump | biz.yahoo.com

USG is cutting labor.  What else are they doing that the rest of the industry will be following?

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

Questionable Timing of US Construction Materials Acquisitions

May 21, 2007

Analysis of:Florida Rock Industries, Inc Announces Second Quarter Results | online.wsj.com

It isn’t clear the extent to which the housing slump was factored into the assessments of the recent pending transactions involving construction materials companies. It is clear, however, that the industry is experiencing significant declines in sales volumes from the housing downturn.

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

Global Construction Materials Consolidation Continues

May 21, 2007

Analysis of:HeidelbergCement to buy Hanson for $15.8 billion | www.marketwatch.com

The recent announcement that HeidelbergCement AG of Germany has agreed to buy Hanson PLC of the UK further demonstrates the acceleration of the consolidation process in the construction materials sector. Furthermore, this deal, valued at $15.8 billion, continues the trend toward mega deals involving players with significant constructions aggregates operations.

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

What's Next in Construction Materials Industry Consolidation?

April 27, 2007

Analysis of:Rinker Backs New Cemex Bid | online.wsj.com

Now that the Cemex-Rinker deal appears headed for completion with the increased bid by Cemex, it leads one to ponder the future of the consolidation process in the construction materials industry.

There is reason to believe that the consolidation process will remain active, but there could be some impact from the slower construction environment.

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

Cemex-Rinker--What's Next?

April 9, 2007

Analysis of:Cemex's Rinker Bid Gets U.S. Approval:Offer May Rise | www.bloomberg.com

Now that the Cemex-Rinker deal has received U. S. regulatory approval, it appears that the path is clear for bringing finality to the acquisition of Rinker. But the question remians by whom and for how much?

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

The Changing Complexion of the Construction Materials scene in Florida (and beyond)

March 28, 2007

Analysis of:American Cement gets heavy-hitter Oldcastle as partner | cementamericas.com

 

Why are the construction materials giants focusing so much attention on Florida?

Acquisitions, greenfield cement plants and capacity expansions are being announced with surprising frequency over the past year in Florida (Cemex/Rinker, Vulcan/Florida Rock, Oldcastle/American, Hanson./Civil & Marine).

With so much investment activity among the construction materials players in Florida in the last year, one has to wonder what is next.

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

Slower Growth Ahead for Construction Materials

March 19, 2007

Analysis of:Forecast 2007 (Cement) | cementamericas.com

The slowdown that began in cement and related construction materials in mid 2006 will extend into 2007 and perhaps beyond, led mainly by the housing slowdown.

There are marked regional disparities in the impact of the slowdown, with northern and coastal markets generally weakest and southern and certain western markets fairing better.

Cement supply will be more abundant in the next two years than in the past three, as a result of significant amounts of imports and domestic capacity additions.

Will the construction slowdown be a short-term blip or a more pronounced slide? This question, coupled with the impact on pricing, are keys to the impact on construction materials companies over the next couple of years.

Kirk CoynePresident and Chief Executive OfficerKSC Ventures Inc

The Slump in Housing Reflected in Cement Demand Decline

February 27, 2007

Analysis of:Housing Drop Contributes to Lower Forecast for Cement | www.cement.org

If one wasn’t sure how the decline in housing is impacting the construction materials sector, take a look at the trend in cement consumption. There was a notable negative shift that occurred in mid 2006 (earlier in some markets like Northern California), which is likely to continue through 2007. The tide has clearly turned and it may take some time for the current decline in construction to bottom out.

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