Czech cement output down 10% at 2.5Mt

Czech cement output down 10% at 2.5Mt
18 November 2010

Czech cement output fell by 10 per cent on the year to 2.5Mt 1Q-3Q this year, according to the latest results made public by the Association of Cement Producers.

Sales decreased by around 13 per cent to 2.2Mt on the Czech market, the association said.
"The decrease in cement production is mainly due to lower demand on the domestic market. Since this material cannot be produced for stocks, cement consumption necessarily affects its production," board chairman of the company Ceskomoravsky cement Jan Hrozek told CTK.

According to Hrozek, cement makers felt the drop in production of transport infrastructure as well as the ongoing fall in private investment into developers’ projects.

Results for the full 2010 are likely to be worse than last year.

"Given the ongoing drop in the number of building permits, there will be no improvement in the construction sector next year. We expect cement consumption in 2010 to reach significantly lower levels than in 2009," Hrozek said.

A total of 4.2Mt of building material were consumed in the Czech Republic last year.

According to Hrozek, securing sufficient amount of investment into public orders and an increase in private investments into housing construction represents a hope for the construction industry.
Published under Cement News