Fitch ratings forecast moderate growth in Thailand cement industry

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Fitch Ratings Forecast Moderate Growth in Thailand Cement Industry
BY JACOB MASLOW

BANGKOK: -- Fitch Ratings released a report that indicates that Thailand’s current planned infrastructure will propel the cement industry into moderate growth in 2016. The report also indicates that a slow recovery in the residential segment may hinder the overall growth in 2016.

The key driver in Thailand’s building materials and cement industry will be infrastructure investments.

Thailand is investing heavily in new harbors, airports, roads and rails, with an expected Bt1.8 trillion to be invested between the end of 2015 and 2021. Cement growth, according to Fitch, should grow between a rate of 3% and 5% in 2016.

Full story: http://ethailand.com/business-news/fitch-ratings-ement-industry/345/

-- eThailand 2015-11-20

[elgordo38]

I agree. When looking at all the over building going on condo's cropping up on the skyline like mushrooms seeking manure and Disneyworld style malls the cement market looks stable for now.Sadly my crystal ball is broken so I cannot give you a future forecast.

[OJAS]

Is Fitch's cement growth forecast based on concrete facts?

[JAG]

Set in stone friend, set in stone!

Edited November 20, 2015 by JAG

[thelonius]

Personally I find forecasts of growth in the Iron and Steel Industry more rivetting..........................

[Srikcir]

You can't resurrect an economy based solely on growth of the cement industry.

Even in a completely collapsed economy you will find a sector that benefits. Mostly commonly the alcohol and cigarrete industries see growth because people become frustrated.

[MaiChai]

A solid investment!