The World Cup in Brazil is about to begin, the 12 stadiums for the competition are ready, and the growth of domestic demand for cement in Brazil has also declined.
According to preliminary data released by the Brazilian National Cement Industry Association (SNIC), Brazil's cement sales in its domestic market totaled nearly 5.9 million tons in May 2014, a slight decrease of 0.7% compared with the same period last year. It is reported that the peak of the World Cup's pull on cement appeared in the previous year and last year.
However, the cumulative cement sales increased. From January to May 2014, the domestic cement sales increased by 2.8% to 28.8 million tons from 28 million tons in the same period last year. In addition, in the past 12 months (June 2013 to May 2014), Brazil's cumulative cement sales in the domestic market reached 70.7 million tons, an increase of 3.1%.
According to industry analysis, as the host country of the 2014 FIFA World Cup and the 2016 Olympic Games, Brazil's infrastructure construction projects will increase, and in the next few years, Brazil's cement industry may continue to grow steadily. It is reported that by 2016, the development of infrastructure construction is expected to rise by 25%, so Brazil's annual cement production capacity is expected to reach 120 million tons.
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