[Original] Mexico: Cement Market Grows by 3% ~ 5% in 2015

   According to Holcim , the Mexican cement market will grow by 3% to 5% in 2015, driven by the development of the real estate industry, the increase in remittances sent by immigrants to their home countries and national infrastructure projects. But that growth will also be subject to falling oil revenues, federal budget cuts and currency volatility. However, as far as cement sales are concerned, the cement market in 2015 will be more impressive than previous year.

   Since the second half of 2014, the domestic construction industry has continued to warm up. Three major areas of infrastructure projects-roads, airports and port construction, energy, water pipelines and dam construction, will effectively drive the growth of cement sales.

   In the domestic cement consumption , the proportion of infrastructure projects is 30% -40%. Of the total sales, housing projects accounted for 40% and commercial and industrial construction projects accounted for 20%. An increase in remittances from migrants to their home countries is expected to boost cement sales in the housing construction sector. At present, the two indicators of commercial and construction projects show a good development trend.