Russia: Soyuzcement, the national cement manufacturing union, has forecast a 4% year-on-year fall in cement production in 2020. Greater declines are expected in the central and southern federal regions. It observed that only half of the country’s production capacity was used in 2020. However, the organisation has credited government subsidies for mortgages as staving off the worse economic effects of the coronavirus pandemic in the first half of the year by stimulating construction.
Soyuzcement expects 4% fall in Russian cement production in 2020
URL: https://www.globalcement.com/news/item/11747-soyuzcement-expects-4-fall-in-russian-cement-production-in-2020
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