The Russian cement market is connected directly with the situation in the construction industry of the country. The world financial crisis affected the construction market extremely negatively, and consequently, the cement industry. Between 2008 and 2010 the sales of cement in Russia went down by 14.5% compared to 2007, having fallen to 48.9 million tons in 2010.
Now the country is witnessing the improvement of the cement market. According to the estimates of BusinesStat, the sales of cement will have increased to 51.8 million tons by the end of 2011. In prospect, the sales of cement will continue growing, backed up by the programs which require a large volume of cement, i.e. housing and infrastructure construction, preparation for APEC 2012 summit, Winter Olympics in Sochi, development of the electric power industry.
In 2010, after the years of crisis, domestic producers started to raise the volume of production of cement. The growth of production during the next years will be backed by modernization of plants and development of new fields of cement raw materials. According to our estimates, the volume of production of cement will have reached 64.3 million tons by 2015.