Manufacturers fail to match their expectation of 9-10% growth in FY11, end with less than 5% The Indian cement industry has hit its lowest growth in over a decade. Manufacturers have failed to match their expectation of 9-10 per cent growth in financial year 2010-2011, ending with less than five per cent. It is the first time since the industry entered its boom time during mid-2005 that cement makers’
Within a fortnight of pushing prices to an all-time high, cement companies have felt forced to offer discounts on sales in some regions, as demand turned sluggish.
After four months of continuous poor performance in sales, October has brought unexpected relief for the domestic cement industry. The initial statistics from top cement majors suggest sales volume
The bull run in cement demand seems to have stopped. Drying of demand from the infrastructure sector and the monsoon’s spread, resulting in less construction, pulled down the growth trajectory
The domestic cement industry is likely to see better growth in May compared with April. Though prices of the commodity remained under pressure throughout the month, in some parts of central India
The cement industry is likely to see a decline in demand growth in the current financial year. April statistics from the Cement Manufacturers Association (CMA) showed year-on-year growth of 8.6
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