Mexico: better times ahead?
Mexico’s cement market is at a watershed moment with leading operator Cemex firmly in control of events at the top of the scale, but new production and the growing need for cement is likely to boost sales. So how far away are these better times for Mexican cement producers?
After being restored to power last year, the centre-left Institutional Revolutionary Party (PRI) has been quick to galvanise Mexico towards political reform including efforts to reign in powerful monopoly interests and open up the economy.
President Enrique Peña Nieto seeks a Mexico in which there is more competition and the mood for change has been encapsulated with his government’s desire to reshape the energy sector, which is said to need revitalising with foreign investment. A vibrant economy though is central to the party’s reform programme and the sudden drop in GDP is not a welcome sight.