The cement market is expanding rapidly in emerging countries on the back of strong urban, economic and demographic growth. Lafarge is reinforcing its position in these markets by developing new production capacities and building new plants.
Cement: key to development |
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The market for cement is booming around the world. For 20 years, annual average growth stands at 5%, the equivalent of 100 million additional tons being consumed per year. Despite the economic and financial crisis, global cement demand grew by approximately 8% in 2011.
Growth is strongest in emerging markets, particularly China, Brazil, India and Sub Saharan Africa, because increasing urbanization creates demand for housing and infrastructure: they account for 76% of the Cement business' operating income in 2011.
The Group is in a very good position to benefit from this long-term fundamental growth thanks to its well diversified geographical portfolio, strengthened during recent years by:
By reinforcing the position of the Cement Business in emerging markets, the Group will also be better placed to develop its Aggregates and Concrete Businesses in these markets. |
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