The Indian cement industryhas emerged as the secondlargest market after China,surpassing developed nationslike the USA and Japan.
The demand for cement is closelyrelated to the growth in theconstruction sector.Consequently, cement demand hasbeen posting a healthy growth rate ofaround 8 per cent since 1997-98, propelled by the increased thruston infrastructure development, andhigher demand from the housingsector and industrial projects. Thistrend is likely to continue in thecoming years.
Cement dispatches by majormanufacturers grew by a healthy12.6% year-on-year in January at18.2 million tons. Cementproduction too registered a smart12.8% growth. The figures lookeven more impressive against thebackdrop of the massive 23.6million tons of fresh capacityaddition over the past 10 monthsand the price rise affected bycement companies.
"We foresee demand will grow briskly drivenby infrastructure and steady growth in housingconstruction," Chairman N.S. Sekhsaria told anannual shareholders meeting.ACC, Indias No. 2 cement maker, is 46 percent-owned by Swiss cement major Holcim.Demand for cement in India is expected to rise 9-10 percent in 2010, the chairman of ACC said
India is the secondlargest cementproducing country inthe world. Cementdemand in the countrygrows at roughly 1.5times the GDP growthrate.
Each years forecast startsfrom a blank computerscreen, so we can factor thecurrent business conditionsand developments into ouranalysis of the long-termdrivers of air travel.Boeing Aircraft
Passenger air traffic rose 8percent in 2010, after decliningabout 2 percent in 2009. Thepersistent resilience of air travelis expected to sustain 6 percentgrowth in 2011 and keep thegrowth rate at or above thehistorical trend through themiddle of the decade.
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