More exciting News for the Construction Industry!
As we have already stated, the tide is turning for the European construction sector! Saint-Gobain, the world’s largest manufacturer of building materials, predicts a recovery by the end of this year. After navigating the industry’s toughest recession, there’s optimism on the horizon.
This information is based on a recent article by Kauppalehti, which highlights key factors driving this positive outlook:
Lower energy prices and reduced excise taxes are set to bolster profitability.
Saint-Gobain is investing €40 million in Finland, enhancing production facilities in Hyvinkää, Raahe, Kirkkonummi, and Forssa.
There’s a growing market for energy-efficient and sustainable buildings, boosting Saint-Gobain’s order book.
CEO Benoit Bazin emphasizes that while low volumes and inflation have been challenging, the current economic shifts provide a silver lining. This strategic investment will not only enhance production efficiency but also support the green transition in construction.
For those in digital construction, these developments herald a period of innovation and growth. As construction costs decrease and demand rises, the industry is poised for a significant rebound.
The focus on sustainable building practices also presents new opportunities for leveraging digital technologies to drive efficiency and environmental responsibility.
Let’s look forward to a revitalized market and the exciting opportunities it brings!
Read more: Kauppalehti Article (in Finnish and behind the paywall, sorry:))
https://lnkd.in/eBcw7T3Q
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Looking good 👏