SNIC president forecasts cement volumes to fall 16%

SNIC president forecasts cement volumes to fall 16%
Published: 10 June 2016

Tagged Under: SNIC Brazil 

Jose Otavio Carneiro de Carvalho, president of Brazil's cement industry association SNIC, estimates the domestic market to decrease 12 per cent in 2016, while showing 61Mt over the June 2015-May 2016 period.

Jan-May sales fell 13.9 per cent to 23.2Mt suggesting demand would only resume next year and companies would hold back investments to make sure of that.