A study by Amikron-Consulting shows that the Russian cement market contracted in 2015 due to a decrease in construction volumes.
Cement prices in 2015 remained at the same level, and as of October 2015 the profitability of cement manufacturers had decreased by 1.1% compared to October 2014, to 13.9%.
Market players also have significant credit load with, for example, some cement plants paying over RUB 1 billion (€12.98 million/US$14.62 million) interest on loans a year.
The industry is also negatively affected by the foreign exchange rate.
