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Saturday, October 18, 2008

Malaysia cement demand may grow 3pc

The Malaysian cement industry is forecasting growth in cement demand of about three per cent to 16.33 million tonnes this year compared with 15.46 million tonnes in 2007, says the Cement And Concrete Association of Malaysia.

"While there are signs of an economic slowdown and a corresponding slowdown in construction activities, we are quite optimistic that the government would be launching initiatives that would bring impetus for greater economic growth," said chairman Tan Sri Abdul Razak Ramli at the Cement and Concrete Association's Appreciation Dinner in Kuala Lumpur last night.

By Bernama

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