Titan Group says the outlook for the U.S. construction sector remains positive, citing The
Of its trading outlook in Southeast Europe, Titan Group said: “There are expectations for a mild, longer-term growth of the construction sector. Τhe Group’s plants are currently operating at levels well below their nominal capacity and thanks to recent investments are increasing their competitiveness through the expansion of the use of alternative fuels, to the benefit of the Group’s operations as well as of the local communities.”
The Group has also commented on its prospects for growth in Egypt, Turkey and Brazil, saying: “In Egypt, the entry into operation of the Egyptian army’s new 12 million tonne cement plant increases the pre-existing surplus capacity, resulting in the contraction of operating margins of existing plants. Furthermore, the increases applied to the cost of electricity and additional levies imposed on each tonne of cement produced as of 1st July, 2018, necessitate an increase in prices which, however, appears challenging in the short-term.
“In Turkey, the deterioration in macroeconomic indicators (inflation, interest rates, and foreign exchange rates) in tandem with the pressure on the banking system is expected to lead to a significant further reduction in cement demand in the near term. Adocim is well prepared to face the anticipated downturn, owing to its modern asset base, competitive cost structure and low gearing.
“In Brazil, the conclusion of the pre-election period increases expectations for the advent of a new growth cycle in the cement market.”
