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News SNIC forecasts 3% growth in 2019

SNIC forecasts 3% growth in 2019

Written by Global Cement staff 10 January 2019
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Brazil: Paulo Camillo, the president of SNIC, forecasts that cement sales will rise by 3% in 2019. If he is correct then it will be the first rise in four years for the local industry. Total cement sales fell by 1.1% year-on-year to 52.8Mt in 2018 from 53.4Mt in 2017. Particular falls in sales were noted in the north and northeast of the country, although exports rose by 14.3% to 88,000t. A truck drivers strike and general economic uncertainty reduced the effects of a positive first half to the year. The cement association also said that freight, fuels and electricity costs grew ‘significantly’ in 2018. However, it is optimistic that new legislation support co-processing of alternative fuels will partly help to alleviate this situation.

Last modified on 16 January 2019
Published in Global Cement News
Tagged under
  • Brazil
  • SNIC
  • Forecast
  • data
  • Sales
  • GCW387

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