Morocco: Holcim forecasts slowdown in cement market

The Moroccan branch of cement company Holcim expects the national cement market to have overall sales of 14.3million tonnes in 2014, representing a decrease of 4-6% compared to 2012. For 2015, the company expects cement sales to shrink by 3% to 13.9million tonnes before stabilising at 13.7million tonnes in 2016-2017. The group expects sales will be flat in the second half of 2014 due to a succession of religious holidays. The company is also reported to be concerned about rising costs, notably a 10
October 22, 2014 Read time: 1 min

The Moroccan branch of cement company 680 Holcim expects the national cement market to have overall sales of 14.3million tonnes in 2014, representing a decrease of 4-6% compared to 2012.

For 2015, the company expects cement sales to shrink by 3% to 13.9million tonnes before stabilising at 13.7million tonnes in 2016-2017.

The group expects sales will be flat in the second half of 2014 due to a succession of religious holidays.

The company is also reported to be concerned about rising costs, notably a 10% increase in the price of electricity, as passing these on in the form of price increases may have a detrimental effect on sales.

While Holcim is set to merge with 725 Lafarge, the company has announced there are no plans to cut investment projects.

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