The Impact of COVID-19 on the Cement Industry
As the COVID-19 outbreak has slowed construction in many countries, the industry has seen lower demand for its products, leading to overcapacity. Cement companies are largely expected to survive the crisis, but they must strengthen their sustainabi...
| Main Authors: | , , , , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/925561614577158444/The-Impact-of-COVID-19-on-the-Cement-Industry http://hdl.handle.net/10986/35233 |
| Summary: | As the COVID-19 outbreak has slowed
construction in many countries, the industry has seen lower
demand for its products, leading to overcapacity. Cement
companies are largely expected to survive the crisis, but
they must strengthen their sustainability and
competitiveness. Companies must also reduce their carbon
emissions for their long-term viability; with the cement
sector generating 7 to 8 percent of global greenhouse gas
emissions, pressure is growing for the industry to achieve
carbon neutrality. |
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