Construction and Property Corner ::: 29 August 2023

Tue Aug 29 13:26:10 CAT 2023

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Construction and Property  Corner ::: 29 August 2023 

ü  Turnall raises US$8m from shareholders

ü  Heritage Village to host stone wall building seminar

ü  Trackless Trams can rejuvenate city suburbs

ü  Egypt's Radix Development launches residential project in the New
Administrative Capital

ü  Saudi’s Sulaiman Al Habib awards $202mln MEP contract for Jeddah hospital

ü  Qatar’s Estithmar Holding prepares designs for Baghdad tourism project

ü  Iraq sets strict terms for awarding city projects

ü  Kuwait to spend $45bln on housing and infrastructure

ü  Construction of a new industrial egg farm commences in Ukraine

ü  3D Printed Clay Bricks Aim For Sustainable, Eco-Friendly Construction

ü  China’s construction steel demand expected to be subdued for rest of 2023

 <https://www.willdale.co.zw/> Turnall raises US$8m from shareholders

CONSTRUCTION firm Turnall Holdings Limited has successfully raised the
equivalent of US$8 million from existing shareholders for expansion
programmes.

On June 16 this year, Turnall announced its intention to raise the local
currency equivalent of US$8 million to install fibre cement building
products production capacity and a plant to produce glass reinforced pipes.

To do this, a renounceable rights offer of 4 930 403 080 ordinary shares of
a nominal value of ZWL$0,01 each was proposed, at an offer price of ZWL$9,70
per share. This was based on issuing 10 new ordinary shares for every
ordinary share in issue as at the record date.

Turnall yesterday said the US$8 million had been raised.

“At the time when the Turnall Holdings Limited rights offer circular was
published on 16 June 2023, US$8 million was equivalent to ZWL$47 824 909 876
but with the strengthening of the ZWL during the period of the rights offer
the equivalent ZWL amount became ZWL$36 456 000 000 by the time of the
closing of the rights offer on 16 August 2023,” Turnall said.

“The rights offer raised an amount of ZWL$36 947 466 150,23. The rights
offer has raised the ZWL equivalent of US$8 million and the company has
accordingly not required the underwriter to subscribe for any shares in the
company. The company has agreed with the underwriter for no underwriting
fees to be paid.”

Before the capital raise, Zimbabwean Brands had majority shareholding in
Turnall at 78,7%.

While the capital raise did not change the shareholding structure, if other
shareholders, however, had not followed their rights, the shareholding
structure would have changed as Zimbabwean Brands would have underwritten
the capital raise thereby increasing its stake.

The fibre cement building products production capacity is expected to
feature the latest technology in fibre cement building production, have
capacity to double that of the previous plant, and will be significantly
more efficient than previous generation equipment.

Turnall said: “It will also be capable of being converted to produce
non-asbestos (new-tech) building products as market trends dictate.”

“The increased production capacity in the Harare factory will enable the
plant in Bulawayo to be modified in order to produce non-asbestos products
in addition to AC, thus addressing market demands for new-tech products on
both the domestic and export markets.

“The second project is to install a plant for the production of glass
reinforced pipes (GRP) in Harare in order to address the shift in the pipes
demand away from asbestos based products but in particular to service the
growing demand for GRP pipes.”

“Production from this plant will service both the domestic market, as well
as the regional market for water and sewage infrastructural projects. The
plant will feature the latest constant filament winding technology for the
production of large diameter GRP products.”-newsday

Heritage Village to host stone wall building seminar

The Heritage Village and Farm Museum in Troy will offer a stone wall
building seminar the weekend of Sept. 16 and 17.

On Saturday, there will be a demonstration of the craft, while Sunday will
be the hands-on seminar, where attendees can learn by building. The seminar
will be held during the annual Heritage Festival.

The festival has been an annual event since 1992, but the stone wall
building seminar is new this year. The seminar will be run by stone working
expert, Kenneth P. Ely. Ely has been working with stone since the 1960s. His
skills are in construction, restoration and teaching workshops about
dry-stone wall building.

Dry-stone walls, old and young, can be found throughout the Pennsylvania
countryside. Oftentimes, they are visible from the road. In the 18th and
19th centuries, stone walls were erected to serve as boundary markers
between farmers’ properties.

When the land was cleared for settlements, rocks were plentiful and had to
be moved. They served the purpose of boundary marking, and they also helped
farmers keep their livestock penned in. Many of these walls remain. It is
hard to drive through Northeastern Pennsylvania and not see a stone wall, or
the remnants of one.

The key to building a stone wall is the quality of the rocks. Rocks that are
flat and have a straight edge can be connected and built up. The builder
must take care to ensure the formation is tight so it maintains sturdiness.
The construction of dry-stone walls was simplistic enough to be popular
across the world, including Northeastern Pennsylvania.

The building of dry-stone walls has been part of human culture since the
Neolithic period, roughly 10,000 B.C.E. The craft can be found in cultures
all over the world. Zimbabwe, the United Kingdom, Greece and Machu Pichu in
Peru are a few examples of places that built dry- stone walls prior to the
modern time period.

Dry-stone building refers to the building of a wall where the only glue is
gravity. It takes years for a stone wall builder to perfect their craft. The
result is a beautiful, natural wall that has a structural integrity so
sound, it can stand for thousands of years.

The demonstration will be on Saturday from 10 a.m. to 5 p.m. The hands-on
seminar is Sunday from 10 a.m. to 4 p.m. while the Pennsylvania Heritage
Festival is ongoing, offering many other festivities.

Trackless Trams can rejuvenate city suburbs

Trackless trams are bi-directional and have multiple carriages, safety
features and communication technologies that contribute to fleet management
and ride quality.

Trackless trams have grown out of high-speed rail technology. Trackless
trams have been in development for almost 20 years, but in 2017, the China
Railway Corporation, CRRC, introduced an autonomously guided tram, a
significant advancement of the design and technology known as Autonomous
Rapid Transit (ART).

ART has the ride and service quality characteristics of light rail but at a
significantly lower cost since it avoids the interruptions caused by the
installation of the rail on the track. The vehicles travel on rubber tires,
guided autonomously using optical, lidar, radar and GPS technology. They are
bi-directional and have multiple carriages, safety features and
communication technologies that contribute to fleet management and ride
quality.

With improvements in battery and charging technologies, trackless trams
operate without overhead wires and receive a boost charge at dedicated
stations as passengers board. Since 2018, ART has been functional in China,
first in Zhuzhou before expanding to Yibin and Harbin, and planning and
construction of new systems is underway in five other cities in China. There
is great interest globally in this technology, with proposals for routes in
Australia, Malaysia, Israel, Zimbabwe and elsewhere.

In 2020, a competing CRRC affiliate launched the Digital Rapid Transit (DRT)
trackless tram. The DRT vehicle is in operation at Lingnan Shanghai on two
routes. It is magnetically guided and runs on a hydrogen fuel cell or an
electric battery. The vehicle is narrower, slightly lighter than the ART,
and has different suspensions. Both vehicles will be tested in Australia
later this year, which should provide more information on implementation
costs, operational characteristics and requirements for both vehicles.

Egypt's Radix Development launches residential project in the New
Administrative Capital

Egyptian developer Egypt's Radix Development has launched a residential
project in the New Administrative Capital with a development value of 2.5
billion Egyptian pounds ($81 million).

Akram El-Sheikh, the company's executive vice president said the project,
titled Ray, is located in the NAC’s R8 zone over 27 acres, and comprises of
apartments, villas, and leisure facilities.

He said UCAC Contracting will build the project, adding that it would be
delivered four years from the start of construction.

(1 US Dollar = 30.91 Egyptian Pounds)

Saudi’s Sulaiman Al Habib awards $202mln MEP contract for Jeddah hospital

Dr Sulaiman Al Habib Medical Services Group said its wholly-owned subsidiary
has awarded a mechanical, electrical and plumbing (MEP) contract to Zamil
Industrial Investment Company’s unit.

The contract worth 758.69 million Saudi riyals ($202.21 million) was signed
between Zamil Air Conditioning and Refrigeration Services Company and Al
Muhammadiyah Hospital for Healthcare Company for Al Muhammadiyah Hospital in
Jeddah, the two companies said in separate statements to the Saudi stock
exchange.

The contract duration is 14 months and 15 days.

Sulaiman Al Habib intends to finance the project from its own resources and
Shariah-compliant long-term bank loans.

The hospital is slated to start operations by 2024-end, the statements said.

Qatar’s Estithmar Holding prepares designs for Baghdad tourism project

Qatari investment company Estithmar Holding has completed the concept
designs for a tourism village it is planning to build in the Iraqi capital
Baghdad, according to official reports.

The publicly listed company presented design to Iraqi Prime Minister
Mohammed Al-Sudani, who laid the foundation stone for ‘Rixos Baghdad’
project on Tuesday.

In a report published at the weekend, the official Iraqi news agency said
the project would have a total area of around 115,000 square metres and
would include a 23-storey luxury hotel comprising 242 rooms and 22
presidential suites.

In June 2023, Estithmar Holding announced the signing of three MoUs worth $7
billion with Iraq’s National Investment Commission to develop new cities,
five-star hotels and manage and operate several hospitals in Iraq.

Iraq sets strict terms for awarding city projects

Iraq has set strict terms for awarding projects involving the construction
of five new residential cities to avert a recurrence of previous project
delays, the country’s Construction and Housing Minister was quoted on Monday
as saying.

Benkin Rikani, who heads a government committee for the building of those
cities, said details of developers finalised would not be revealed till the
government is convinced they are fully capable of finishing the entire
project.

“We have set serious technical, financial and legal criteria for the
awarding of the contracts for the five new cities
.we will not announce the
name of any developer picked for such projects before they prove they can
meet those criteria and can finish the project till the end,” Rikani told
the Iraqi News Agency.

Rikani said each project is divided into four phases and comprises thousands
of houses and apartments, adding that phase 1 must be completed within two
years.

The five new cities, which are part of a post-war plan to tackle a housing
crisis, are located in the capital Baghdad, Karbala and Babylon in Central
Iraq, the Western Al-Anbar Governorate, and Nineveh in the North.

Kuwait to spend $45bln on housing and infrastructure

Kuwait has approved nearly 13.8 billion Kuwaiti dinars ($45 billion) in
allocations to build new cities and develop its infrastructure, a newspaper
said on Monday.

The Arabic language daily Alqabas, citing a government report, said the
funds were approved three years ago and they cover 35 major projects,
including new residential cities, ports, power and the expansion of the
Kuwait Airport.

A sum of nearly KWD335 million ($1.1 billion) was spent on projects in the
2022-2023 budget although around KWD774 million ($2.5 billion) was
allocated, according to the report, which attributed this to slow project
execution.

The projects include Mutlaa and South Abdullah Al-Mubarak cities,
construction of a new airport terminal and expansion of its facilities,
Mubarak Al-Kabeer Port, seven electricity projects, and the planned rail
network, the report said.

Construction of a new industrial egg farm commences in Ukraine

Krupetsk Agricultural Corporation, a Rivno-based poultry manufacturer, has
started the construction of an egg farm designed for 400,000 laying hens in
western Ukraine, the press office of the Rivno regional administration
disclosed. This is the first industrial poultry farm construction project
since the beginning of the hostilities in Ukraine in February 2022.

The farm is due to be built at a site of the abandoned agricultural
enterprise in the Sitnoe village in the Rivno region, the authorities said.
Construction began in March 2023 and is slated to be finished by November
2023. Egg production is planned to be certified in accordance with European
standards to pave the way for exports to the European Union. The company
said that it has already installed poultry cages approved by European
regulators.

Krupetsk Agricultural Corporation currently runs 2 broiler farms, an egg
farm and a feed mill in the Rivno region. The company also grows corn,
wheat, barley, sunflower and sugar beet on 7 ha of agricultural land in
western Ukraine. In previous years, the company exported a part of its
products primarily to the Middle East and Africa.

An important signal

Vitaly Koval, head of the regional administration, was quoted as saying that
by building this poultry farm, the investor sends an important signal to the
entire industry.

“Krupets Agro-Corporation always goes forward, investing in new projects.
They give everyone involved in the business a very important message: do not
stop. Despite the wartime challenges, today, our rear region reliably holds
the economic front,” Koval said.

High and volatile global egg prices are linked to 6 disruptive supply and
demand factors, according to a new report from Rabobank. While the factors
differ by region, in most markets now facing peak prices, a combination of
them is at play, argues Rabobank’s senior analyst animal protein, Nan-Dirk
Mulder. Read more

The poultry farm will create 20 high-pay jobs and is expected to pay UAH 3
million (US$81,300) in taxes per year to the Krupetsk rural community, he
added.

Ukraine’s egg market faced unprecedented turbulence in 2023. In May, the
average retail price exceeded the same level of the previous year by 125%.
Despite a price relief in the past few months, the situation remains tense.

Compensating for the losses

To some extent, the market turbulence is attributed to ongoing fights in the
Donetsk region, where 7 out of 8 farms suspended operation, the regional
administration said in February 2023. At one farm, 1 million chickens died
due to shelling, Elena Ryabakova, head of the agricultural department of the
Donetsk regional administration, said in the statement.

In previous years, the Donetsk region was one of the key suppliers of eggs
to the Ukrainian market, so these losses largely impacted the price
dynamics.

3D Printed Clay Bricks Aim For Sustainable, Eco-Friendly Construction

In recent years, 3D printed structures and housing construction projects
have been growing around the world both in scale and scope. Depending on the
materials used, 3D printed buildings offer multiple advantages over
conventional construction, including fire resistance, local or recyclable
materials, lower overall costs, and of course, shorter build times to
accommodate population growth in a more timely manner. At The American
University in Cairo (AUC), researchers have been hard at work developing an
additive manufacturing-based construction system of their own which
prioritizes local construction materials, robotic fabrication, and a strong
push towards carbon-zero manufacturing. The result? Their 3D printed clay
brick project’s success has been the first of its kind for North Africa and
provides a glimpse at the potential in the region.

The researchers are at one of only three labs that are currently
experimenting with clay bricks in Africa and the Middle East. More
specifically, the metal and clay material-based method of additive
manufacturing was developed through a collaboration between the AUC’s
Additive Manufacturing Centennial Lab (AMCL) and the Robotic Fabrication Lab
(RFL). This process is capable of utilizing robotic arms to build complex
structures at a fraction of the cost in energy, time and emissions compared
to traditional construction practices. Eschewing concrete mixtures which are
commonly used for AM construction projects, the team has opted for what they
term a specialized red fire clay which is more durable and resistant to heat
than normal clay due to its composition which includes minerals such as
feldspar, quartz and kaolin. The mixture can then be easily extruded into
the desired shapes using the team’s large-scale robotic 3D printing
apparatus. 

The 3D printed clay is more resistant to heat and able to hold complex
shapes

The 3D printed clay is more resistant to heat and able to hold complex
shapes (photo credits: The American University in Cairo RFL)

The use of clay plays a critical role in the team’s vision and commitment to
sustainability. Based in Egypt, the team is well aware that clay (and the
material to make clay) is found in abundance, as traditionally produced clay
bricks have been used in the region since time immemorial. The upshot for
the AUC team is a steady supply of local materials to work with on an
as-needed basis. Indeed, the positive impacts have been touted by the team
who predict the technology will help stimulate the local economy while
providing readily available and more affordable housing to those in need.

“AM, in fact, will integrate with traditional manufacturing to complement it
rather than replace it. With AM, there is the freedom to design, inspire
innovation and positively impact society in an eco-friendly manner as well
as reduce the drain of [foreign] currency. It will also provide companies
with the means to limit outsourcing to third parties by developing concepts
in-house and creating an advantage over competitors by shortening the
product development cycle,” explains Professor Hanadi Salem, AUC Department
of Mechanical Engineering chair.

More Value, Less Waste With 3D Printed Clay

Visually pleasing and able to be shaped into curves and more complex
geometric patterns, this red fire clay holds several benefits that make it
an ideal material for green construction, especially when combined with
additive manufacturing. As RFL director Professor Sherif Abdelmohsen
elaborates, “It is much more efficient in producing bricks compared to
traditional methods, as it eliminates the need for manual molding and
firing. It also generates less waste, as any unused or scrap material can be
easily recycled and reused. It allows for greater control over the
production process, resulting in bricks with consistent quality, strength,
and durability.” 

The clay bricks and other various pieces produced by the team were presented
last November at the 2022 United Nations Climate Change Conference (COP27).
Their pieces showcased at COP27 and in the intervening time have highlighted
the unique design and potential of this construction material. For more
information about the AUC and their projects, you can check their website
HERE.

What do you think of 3D printed construction materials? Let us know in a
comment below or on our LinkedIn, Facebook, and Twitter pages! Don’t forget
to sign up for our free weekly Newsletter here, the latest 3D printing news
straight to your inbox! You can also find all our videos on our YouTube
channel.

China’s construction steel demand expected to be subdued for rest of 2023

China’s construction steel demand is expected to be subdued through the end
of 2023 because of a weak property industry and constrained infrastructure
sector growth in the wake of some local government debt problems, industry
sources said Aug. 24.

Domestic excavator sales, a crucial indicator that shows upcoming
construction activity, were likely to reach 5,300 units in August, up 3.7%
from July but down 41.7% on the year, according to an estimate by China’s
Construction Machinery and Equipment. Domestic excavator sales over
January-August were seen tumbling 43.9% on the year to 61,443 units.

Lower excavator sales indicated that weakness in the construction sector and
its steel demand could persist in the foreseeable future, industry sources
said.

China’s property home sales, a major channel to fund new projects, were
likely to continue in a downtrend in August, industry sources said, after
National Bureau of Statistics data showed July home sales declining 46%
month on month and 24% year on year.

According to China Index Academy data, Chinese home sales in 50 major cities
over the first two weeks of August fell 16.2% on the month and 29.3% on the
year.

While China’s new home construction starts, a key steel demand driver in
China, could fall further due to poor home sales, growth in infrastructure
steel demand was unlikely to gain much traction given local government debt
issues, industry sources said.

China has recently planned allowing 12 debt-beleaguered local governments to
raise about Yuan 1.5 trillion ($206 billion) through special refinancing
bond sales to repay their hidden debts, S&P Global Commodity Insights
reported earlier.

“I think China’s fiscal policy in 2023 is mainly focused on addressing local
government debt risks and cushioning slower economic growth (not
stimulating). That means infrastructure investment, funded mainly by local
governments, can only increase modestly,” a Shanghai-based financial market
source said.

The growth rate of infrastructure investment in China slowed to 4.6% year on
year in July, from 9% over January-February and 9.4% in 2022, data from the
National Bureau of Statistics showed.

“Steel demand in new energy and transportation related infrastructure
sectors has been good this year, but overall construction steel demand has
been poor and is unlikely to improve substantially for the rest of 2023,” a
mill source in eastern China said.

Given the weakness in the construction sector, Chinese domestic rebar sales
profit margins have averaged just 40 cents/mt over January-August, down
sharply from an average of $32/mt in the same period in 2022, S&P Global
data showed.

Invest Wisely!

Bulls n Bears 

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