Spanish cement consumption still growing, but at a slower pace

Oficemen, the Spanish cement association, has reported that cement consumption grew 5.4% y/y in May to around 1.02 million t. This is more than 50 000 t ahead of May 2014 figures. In the first five months of the year, Spanish cement consumption reached approximately 4.54 million t, up 8.7% y/y.

This marks a slowdown in growth from the previous month, when cement consumption was up 13.3% y/y at around 0.96 million t and year-to-date growth was 9.7%.

At that time, Oficemen’s Aniceto Zaragoza said that full recovery may not come to Spain’s cement industry until the end of the next decade.

Adapted from press release by Katherine Guenioui

Read the article online at: https://www.worldcement.com/europe-cis/16062015/spanish-cement-consumption-still-growing-but-at-a-slower-pace-15/