Cement sales in Morocco have hit a new low, with 1H13 figures noting a 12.6 per cent fall YoY as the real estate and public works sectors experienced a slowdown in activity.
The downturn in the real estate sector is particularly prevalent in medium-sized and top-end housing construction. Meanwhile, public works have felt the impact of the government’s decision to cut its investment budget by MAD15bn.
Moreover, the expansion of the infrastructure segment during 2008-12 has now come to an end, leading to a further reduction in cement demand.

Cemex makes major solar power investment with EDP Energia Poland
Cemex has signed an agreement with EDP Energia Poland to build solar installations at several ...