Articles / Market Reports

Uzbekistan’s growth challenge

While Uzbekistan’s cement demand is rising, the country’s cement sector has expanded rapidly, with capacity reaching 35.3Mta in 2023 and projected to hit 41Mta by the end of 2024. Low capacity utilisation, declining profit margins and stricter environmental regulations present challenges. Government reforms are also pushing a shift from natural gas to coal, reflecting the complex changes underway in Uzbekistan’s cement industry. by Avesta Investment Group LLC, Uzbekistan

23 December 2024