World of Concrete 2012 wraps up Friday in Las Vegas and the show’s 50,000 attendees are optimistic and expect better days ahead.
One indicator of the concrete market is the annual Cement Outlook presented by Ed Sullivan, economist for the Portland Cement Association, Skokie, Ill. Cement consumption is expected to increase significantly in 2013, the first time an increase has been predicted in the past five years.
While his presentation focused primarily on the infrastructure, he noted there was a “tinge of optimism” for other markets including public utilities, industrial, and retail sectors.
By 2017, cement consumption is expected to reach levels last recorded in 2005. “The construction market is in a 12-year peak-to-peak recovery,” said Sullivan. A number of factors, including a reduction in office vacancy rates as well as unemployment rates must come to fruition before the construction market sees a significant recovery, says Sullivan.
"Jobs will determine the growth rate in the economy and also shorten the healing process," Sullivan said. "The more jobs, the more recovery at the state level, the more construction spending."
A host of GCs and concrete contractors noted an increase in residential and commercial business, however their profit margins are expected remain small in 2012.
Meanwhile, WOC 2012 exhibitors rolled out a series of new products. Maxwell Systems showcased its new construction management software; ProSpec introduced a new high-strength grout that contributes to LEED credits; and Laticrete introduced their Supercap Pump Truck, a mobile blending unit that can deliver up to 15 tons of material per hour. BD+C
Related Stories
| Jan 31, 2012
Suffolk Construction to manage Lawrence & Memorial Hospital Cancer Center project in Waterford, Conn.
Leading construction management firm overseeing one of first healthcare projects in the country to utilize innovative IPD process.
| Jan 31, 2012
Perkins Eastman’s Miller appointed Chairman of the AIA International Committee
International expertise leveraged as global industry resource.
| Jan 31, 2012
KBE selected for school project in Waterbury, Conn.
Located adjacent to the existing elementary school, the $28 million, 82,000 s/f Pre-K to eighth Grade school is expected to host its first students in the fall of 2013.
| Jan 31, 2012
Construction Law Firm Allensworth & Porter, LLP adds May to the firm
Prior to joining Allensworth & Porter, May served as the staff attorney for the Texas Civil Justice League, and was responsible for drafting, analyzing, and tracking civil justice and business-related legislation during the 82nd Legislative Session.
| Jan 31, 2012
Skanska USA Civil promotes Bradley to southeast general superintendent
In Bradley’s new position, he will manage field operations for all Skanska Civil projects in the southeast.
| Jan 30, 2012
Siemens and Air-Ex Team deliver building controls training to Mt. San Antonio College students
Siemens contributes training modules and technology to support hands-on courses.
| Jan 30, 2012
Hollister Construction Services to renovate 30 Montgomery Street in Jersey City, N.J.
Owner Onyx Equities hires firm to oversee comprehensive upgrades of office building.
| Jan 27, 2012
Caterpillar reports record sales and profit for 4Q and full-year 2011
Momentum carries into 2012 with sales and revenues outlook raised to $68 to $72 billion.
| Jan 27, 2012
Smith Seckman Reid opens two new offices
Smith Seckman Reid, Inc. (SSR), an engineering design and facility consulting firm, has opened two new offices, one in Chicago, the other in Washington, D.C.