Fall in demand for cement forces CIS countries to consider production output - February 2009

The global financial crisis has had an impact on the construction industry, the main consumer of cement, in the CIS region, and we expect both the production and consumption of cement to contract in 2009. We predict that the market will gradually recover in subsequent years, whereas, in the long term, per capita cement consumption in the CIS countries – with their immense infrastructure development and housing needs – should steadily increase to match the levels observed in the more developed countries.

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