Wednesday, October 18, 2006

Expansions, takeovers and greenfield projects, cement has it all

IIPM PUBLICATION
It’s indeed extremely eccentric that the cement sector, which was once nursed by the government, has become the centre of gravity for players across the globe. Raison d’être? Well, the sector in a span of two decades the has matured from a dilapidated stage to a juncture where it has outclassed industries in nations like US & Japan to become the second largest cement producer in this gigantic ball game, second only to China. In the last decade, this sector documented a CAGR of 8%, above the world average of 3.5%, and China’s sector average of 7.2%.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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