HeidelbergCement sees demand spike after Japan quake

HeidelbergCement sees demand spike after Japan quake
Published: 17 March 2011

HeidelbergCement expects to supply the reconstruction effort in Japan as the earthquake-stricken country is forced to import volumes to meet demand, report Reuters.

HeidelbergCement Chief Executive Bernd Scheifele said on Thursday he expects Japan to switch to being an importer of cement from an exporter following the disaster.

"The result (of the Japan earthquake) could be a cement and clinker shortage in Asia," Scheifele, said at a press conference.

HeidelbergCement has a signficant presence in Asia, owning a majority stake in Indonesia’s biggest cement maker by market value, PT Indocement Tunggal Perkasa.