The decline in cement consumption in Italy "is stopping". This was stated by the president of Cementir Francesco Caltagirone jr, speaking during the extraordinary assembly of the group on the proxy for a capital increase of 300 million: “I don't know if a swallow makes spring, but from December, January and even February, the decline seems to be stopping".
In any case, continued Caltagirone jr, despite the signs of recovery, the Italian cement market will take at least another two years to return to pre-crisis volumes.
The problems associated with Middle Eastern terrorism weigh heavily on the production of Cementir Holding. In the Sinai plant, explained the company president, "an area with terrorism problems, we are close to the Gaza Strip, there is still a stop and go of production, but we hope the situation will stabilize". “The plant – added Caltagirone Jr – has been at half production for three years; curfew starts in the area from 16pm”.
