The Moroccan cement industry should end 2014 in the red.
In the year to end October 2014, sales were down 5.1% year-on-year, and the trend is not expected to change before the end of the year, says the Association professionnelle des cimentiers (APC), the Moroccan association of cement groups.
The organisation says the end of the year should see sales down 4% to 5%.
Dominique Drouet, CEO of Holcim, says there is no crisis in the cement market, rather a return to normal after the boom of 2011-2012.