Brazil cement market on the up

Brazil cement market on the up
12 December 2006

The civil construction sector is boosting  sales of cement in Brazil which this year should surpass 38Mt - thanks to increase of real state credit and more financing lines to housing, according to the national cement industry association SNIC.

The entity reviewed its growth forecasts from 5% - 6% to around 8% this year, regarding cement consumption compared to 2005’s figures of 35.42Mt. For the next year, SNIC estimative is for a 5% rise up to 40Mt, same level as six years ago, says SNIC secretary, Jose Otavio Carvalho.

The cement sector started resuming activities in 2005, when it grew 4,5% and, from January-October this year, it already sums 9% growth compared to equal period in 2005. Production that rose 6,6% in 2004-2005 to 36,67mil tons already totals 32.6Mt from January-October this year. Most part of that volume is produced by 58 plants managed by 10 large groups, led by Votorantim that accounted for 13Mt of cement to October. 
Exports are expected to surpass 1Mt of cement this year, against 922,000t in 2005, when registered 67,1% growth compared to 2004.  
Published under Cement News