2023 could be tough for cement producers says World Cement Association Director ...United Arab Emirates

2023 could be a challenging year for the cement industry according to World Cement Association (WCA) Director, Emir Adiguzel. He made the comments as part of his Outlook for 2023 presentation. Reflecting on the past two years of high demand post pandemic, Adiguzel said that several issues including tighter monetary policies, increased sea freight rates, and high fluctuations in the cost of energy may gradually exert pressure on cement producers to establish higher cement prices. In addition, Adiguzel stated that major multinational cement companies will continue to divest cement assets in emerging markets, creating a unique opportunity for players in such markets, including China, to enlarge

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Last updated : 24 January 2023 clock 04:21 PM

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2023 could be tough for cement producers says World Cement Association Director ...United Arab Emirates

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