The Romanian cement market is expected to expand by around 15% this year in terms of volume, helped by a 4-5% price hike.
As a result, the value of the cement market could reach around EUR600m this year, boosted by private sector investments.
The constructions market achieved a record high growth rate last year, around 20%, the most dynamic growth registered since 1990. The ballooning demand for construction materials generated growth on the cement market, with producers having to make massive investments in their production facilities.
Cement producers are expected to double their production capacities in the next 3 to 4 years, according to Carpatcement Holding representatives.