Shree Cement sees demand slowing down in FY09

Shree Cement sees demand slowing down in FY09
Published: 19 September 2008

Shree Cement expects demand to ease during FY09 due to a slowdown in the real estate market, a senior company official said on Friday.

Prices are also under pressure due to mismatch in supply and demand, Executive Director M.K. Singhi told reporters on the sidelines of an industry event.

Cement production rose 32 per cent to 6.3Mt cement in the year ended March 2008. Clinker production rose 32 per cent to 4.6Mt.