Cement News tagged under: demonetization
India: demonetisation stalls Indian cement recovery29 December 2016, Published under Cement NewsCement demand is unlikely to recover for another year due to demonetisation and an increase in prices for diesel and pet coke that has placed cost pressures on most cement makers, according to a report in The Economic Times. In a survey conducted by JM Financial, cement volumes across multiple markets were adversely impacted following implementation of the government’s demonetisation policy in November. The northern and western regions witnessed a 25-50 per cent fall in sales. Some sou... |
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