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Infrastructure Projects Boost Bulk Cement Sales Growth

By administrator | October 13, 2017 | Credit, Economy.

In 9M2017 domestic cement sales came in at 47m tonnes (+6.6% YoY), driven by bulk cement sales. We believe the main sales growth driver was the ramp-up in infrastructure projects. Cement sales are cyclically higher in 2H2017, and our ground checks indicate that cement makers slowed down the rate of their price reductionss in 3Q2017..

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