SIG not Insulated from Uncertainty
Tuesday, July 13, 2010 7:31According to the Sheffield-based company—SIG, uncertainty about the pace of recovery in European construction markets would keep pressure on sales of insulation products for the rest of the year.
The insulation and plasterboard specialist endured a tough start to 2010, as building work all but stopped during the harsh winter that blanketed much of Europe in snow and ice. However, according to SIG, it is said that the anticipated revival in construction activity wa s coming under increasing scrutiny as forecasting groups, such as Euroconstruct, detuned their views on the outlook for the construction market.
On the other hand, non-residential construction has remained subdued across most eurozone countries. So far, there are few signs that commercial or industrial real estate will rebound in the the near future.

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