UK cement after Brexit
The UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers going forward. The recent Brexit vote has cast a shadow over the economy, but even though several very large projects are currently on hold, the long-term fundamentals for cement demand remain strong.
All eyes have been on the UK following the country’s referendum on its continued EU membership. Following the Brexit vote on 23 June 2016 and the appointment of Theresa May as the country’s Prime Minister with a new government in place, the UK is experiencing a time of change. And while Article 50, which will effectively take the UK out of the EU, has not yet been invoked, the country’s position in the world has already started to shift. While visions and strategies of a post-Brexit UK are gradually replacing to some degree the initial shock and uncertainty, the country’s construction and cement sectors are evaluating the potential impact on their business going forward.