Czech 1Q cement production falls

Czech 1Q cement production falls
22 April 2010

First quarter 2010 output from Czech Republic cement plants last year stood at 390,434t, a 28 per cent decline on the year earlier according to figures from the Czech Cement Association.

Domestic cement sales fell 32 per cent to 334,571t. Exports decreased by 35 per cent to 47,203t.

Jan Hrozek, chairman of the Ceskomoravsky cement company attributes these figures to a combination of the economic crisis and unfavourable weather.

“Lower demand for construction work, difficult access to bank loans, investors’ cautiousness in all construction sectors and extremely unfavourable climate conditions were paralysing cement consumption,” Hrozek told local press.

However, local producers to do not expect further falls in output.

“Cement production and sales will be stagnating in the first half of the year 2010 or longer, and we expect a stabilisation in the second half of the year. We believe that economic recovery will start to be felt very slowly,” he added.
Published under Cement News