GLOBAL MARKETS: Builders gonna build
Industry bosses are predicting a worldwide construction ‘super-cycle’
Industry bosses are predicting a worldwide construction "super-cycle" that is set to fuel demand for building materials as governments pump billions of dollars into post-pandemic infrastructure projects.
Jan Jenisch, CEO of Holcim, the world’s largest cement producer, forecast that a boom in global construction would carry on for years as developed nations step up spending on modernising infrastructure. Holcim recently posted record first-half earnings and upgraded its full-year guidance.
The US senate is set to pass a $1-trillion package to invest in America’s crumbling infrastructure with significant Republican support, a bipartisan vote that will be seen as a major legislative achievement of Joe Biden’s young presidency. Senators voted 68-29 to end the debate on the infrastructure bill, with 18 Republicans joining Democrats in clearing the procedural hurdle, a rare cross-aisle display.
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.