Q1 2013 Challenging First Quarter for Indian Cement Companies

Indian cement companies reported grim results in the first quarter of 2013. Elevated freight costs and lower than expected cement demand were noted as the main drivers behind the depressed results.

Starting last year, growth in cement demand slowed down and was unable to regain its strength. Usually, cement demand is expected to be more robust in the first quarter of the year. However, this year the cement industry witnessed a deviation from its normal course on the back of reduced construction activities.

Read the rest of the article in the India Cement & Construction Materials issue 12.