TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
World Demographic Overview 9
Population 10
Urban Population 11
World Construction Outlook 13
Nonbuilding Construction 18
Nonresidential Building 20
Residential Building 21
Pricing Patterns 23
Technology Trends 26
Legal & Regulatory Environment 29
III. WORLD SUPPLY & DEMAND 32
General 32
World Cement Markets 33
Regional Demand Dynamics 33
Demand by Type 38
Portland 39
Blended 41
Other 43
Demand by Market 45
Consumer 47
Ready-Mix Concrete 49
Construction Contractors 51
Concrete Products 53
Other 55
World Cement Production 57
International Trade Flows 59
IV. NORTH AMERICA 61
General 61
Supply & Demand 63
United States 65
Canada 71
Mexico 76
V. WESTERN EUROPE 80
General 80
Supply & Demand 82
Spain 85
Italy 90
Germany 95
France 99
Other Western Europe 103
United Kingdom 108
Greece 108
Portugal 110
Belgium 111
Netherlands 111
Austria 112
Switzerland 113
All Other 114
VI. ASIA/PACIFIC 115
General 115
Supply & Demand 117
China 120
India 126
Japan 131
South Korea 136
Indonesia 141
Thailand 145
Vietnam 150
Other Asia/Pacific 155
Pakistan 162
Malaysia 163
Taiwan 164
Philippines 165
Australia 166
All Other 167
VII. OTHER REGIONS 168
Latin America 168
Brazil 173
Other Latin America 178
Colombia 184
Argentina 185
Peru 186
Chile 187
Venezuela 188
All Other 189
Eastern Europe 190
Russia 195
Other Eastern Europe 199
Poland 205
Ukraine 206
Romania 207
Czech Republic 208
All Other 209
Africa/Mideast 210
Turkey 215
Iran 220
Egypt 225
Saudi Arabia 230
Other Africa/Mideast 235
South Africa 241
Nigeria 242
Israel 243
All Other 244
VIII. INDUSTRY STRUCTURE 246
General 246
Industry Composition 247
Market Share 250
Lafarge 250
Holcim 251
CEMEX 251
HeidelbergCement 252
Taiheiyo Cement 252
Italcementi 252
Other Leading Suppliers 253
Product Development & Manufacturing 253
Marketing & Distribution 255
Cooperative Agreements 256
Financial Requirements 264
Mergers & Acquisitions 265
Company Profiles 272
Aalborg Portland, see Cementerie del Tirreno
Aalborg White Asia, see Cementerie del Tirreno
Alamo Cement, see Buzzi Unicem
Alexandria Portland Cement, see Lafarge and
Titan Cement
Algerian Cement, see Orascom Construction Industries
Amreyah Cement, see Cimentos de Portugal
Anhui Conch Cement Company Limited 274
Anqing White Cement, see Cementerie del Tirreno
Ash Grove Cement Company 276
Asia Cement Corporation 278
Asec Cement, see Italcementi
Asment de Temara, see Cimentos de Portugal
Associated Cement Companies Limited 280
Assiut Cement, see CEMEX
Beni Suef Cement, see Lafarge and Titan Cement
Blue Circle Southern Cement, see Boral
Boral Limited 282
Buzzi Unicem SpA 284
California Portland Cement, see Taiheiyo Cement
CDN-Dragon Products, see Fomentos de Construcciones
y Contratas
Cement Australia Holdings, see Hanson, Holcim and
Rinker Group
Cementa, see HeidelbergCement
Cementerie del Tirreno SpA 289
Cementificio di Montalto, see Italcementi
Cementos Avellaneda, see Corporacion Uniland
Cementos Cosmos, see Cimentos de Portugal
Cementos La Parrilla, see Orascom Construction
Industries
Cementos Lemona, see Fomentos de Construcciones
y Contratas
Cementos Portland Valderrivas, see Fomentos de
Construcciones y Contratas
CEMEX SA de CV 293
Cemill, see Italcementi
Chakwal Cement, see Orascom Construction Industries
China Century Cement, see HeidelbergCement
China Resources Cement, see Ube Industries
Cimentas, see Cementerie del Tirreno
Cimento Sanayi ve Ticaret, see HeidelbergCement
Cimentos de Cabo Verde, see Cimentos de Portugal
Cimentos Luxembourg, see Buzzi Unicem
Cimentos de Mozambique, see Cimentos de Portugal
Cimentos de Portugal SGPS SA 302
Ciments Francais, see Italcementi
Ciments de Jbel Oust, see Cimentos de Portugal
Colacem, see Gruppo Financo
Conwood, see Siam City Cement
Corporacion Moctezuma, see Buzzi Unicem
Corporacion Uniland SA 306
CRH plc 308
Dansk Eternit Holding, see Smidth (FL)
Denki Kagaku Kogyo Kabushiki Kaisha 311
Densit, see Smidth (FL)
Dura-Drava Cement, see HeidelbergCement
Dyckerhoff, see Buzzi Unicem
Eagle Materials Incorporated 312
Egyptian Cement, see Holcim and Orascom
Construction Industries
Emirates Cement, see Orascom Construction Industries
Essroc Cement, see Italcementi
Finnsementti, see CRH
FLS Industries, see Smidth (FL)
Fomentos de Construcciones y Contratas SA 314
Giant Cement Holding, see Fomentos de Construcciones
y Contratas
Glacier Northwest, see Taiheiyo Cement
Grasim Industries Limited 317
Grupo Minetti, see Holcim
Gruppo Financo SpA 319
Gujarat Ambuja Cements Limited 320
Hanson plc 321
HeidelbergCement AG 323
Heracles General Cement, see Lafarge
Holcim Limited 333
Huaxin Cement Company Limited 347
Hyundai Cement Company Limited 348
Irish Cement, see CRH
Italcementi SpA 349
Jinan Sunnsy Group 354
JSC Podilsky Cement, see CRH
Jura-Holding, see CRH
Karcimsa, see HeidelbergCement
Kazakh Buchtarma Cement, see HeidelbergCement
Kosmos Cement, see Buzzi Unicem and CEMEX
Lafarge SA 356
Lehigh Cement, see HeidelbergCement
Mitsubishi Materials Corporation 369
Natal Portland Cement, see Cimentos de Portugal
National Cement, see Vicat Group
National Cement Factory, see Holcim
Nesher Israel Cement Enterprises Limited 371
Nghi Son Cement, see Mitsubishi Materials and
Taiheiyo Cement
Nittetsu Cement, see Sumitomo Osaka Cement
Nova Cimangola, see Cimentos de Portugal
OCI Cimento, see Orascom Construction Industries
Orascom Construction Industries 373
Pretoria Portland Cement Company Limited 376
PT Indocement Tunggal Prakarsa, see
HeidelbergCement
PT Semen Gresik TbK 377
Rinker Group Limited 379
RMC Group, see CEMEX
St. Lawrence Cement, see Holcim
St. Marys Cement, see Votorantim Group
Scancem International, see HeidelbergCement
Scoribel, see Holcim
Secil-Companhia Geral de Cal e Cimento, see CRH
Shree Digvihay Cement, see Grasim Industries
Shuangma Cement, see Lafarge
Siam Cement Public Company Limited 381
Siam City Cement Public Company Limited 384
Sinai White Portland Cement, see Cementerie del
Tirreno
Smidth (FL) & Company A/S 385
Ssangyong Cement Industrial Company Limited 387
Suez Cement, see Italcementi
Sumitomo Osaka Cement Company Limited 388
Sunstate Cement, see Boral
Suwannee American Cement, see Votorantim Group
Taiheiyo Cement Corporation 390
Taiwan Cement Corporation 393
TCC International Holdings, see Taiwan Cement
Teutonia Zementwerk, see HeidelbergCement
Texas Industries Incorporated 395
Titan Cement Company SA 397
Tokuyama Corporation 399
Tong Yang Cement Corporation 401
Ube Industries Limited 402
Ube-Mitsubishi Cement, see Mitsubishi Materials and
Ube Industries
UltraTech Cement, see Grasim Industries
Uniland Cementera, see Corporacion Uniland
Vassiliko Cement Works, see Italcementi
Vicat Group SA 404
Votorantim Group 407
Yamaguchi EcoTech, see Tokuyama and Ube Industries
Zlatna Panega, see Titan Cement
Zuari Cement, see Italcementi
Other Companies Mentioned in Study 409
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I - EXECUTIVE SUMMARY
Summary Table 3
SECTION II - MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Urban Population by Region 12
4 World Construction Expenditures by Region 14
5 World Nonbuilding Construction Expenditures by Region 19
6 World Nonresidential Building Construction Expenditures
by Region 21
7 World Residential Building Construction Expenditures
by Region 23
8 World Cement Pricing 26
SECTION III - WORLD SUPPLY & DEMAND
1 World Cement Demand by Region 35
2 World Cement Demand by Type 38
3 World Portland Cement Demand by Region 41
4 World Blended Cement Demand by Region 43
5 World Demand for Other Cement by Region 45
6 World Cement Demand by Market 46
7 World Consumer Demand for Cement by Region 49
8 World Ready-Mix Concrete Demand for Cement by Region 51
9 World Construction Contractor Demand for Cement by Region 53
10 World Concrete Product Demand for Cement by Region 55
11 World Demand for Cement in Other Markets by Region 56
12 World Cement Production by Region 58
13 World Cement Net Exports by Region 60
SECTION IV - NORTH AMERICA
1 North America - Key Indicators for Cement Demand 62
2 North America - Cement Supply & Demand 65
3 United States - Key Indicators for Cement Demand 67
4 United States - Cement Supply & Demand 71
5 Canada - Key Indicators for Cement Demand 73
6 Canada - Cement Supply & Demand 75
7 Mexico - Key Indicators for Cement Demand 77
8 Mexico - Cement Supply & Demand 79
SECTION V - WESTERN EUROPE
1 Western Europe - Key Indicators for Cement Demand 82
2 Western Europe - Cement Supply & Demand 85
3 Spain - Key Indicators for Cement Demand 87
4 Spain - Cement Supply & Demand 90
5 Italy - Key Indicators for Cement Demand 92
6 Italy - Cement Supply & Demand 94
7 Germany - Key Indicators for Cement Demand 96
8 Germany - Cement Supply & Demand 98
9 France - Key Indicators for Cement Demand 100
10 France - Cement Supply & Demand 102
11 Other Western Europe - Key Indicators for Cement Demand 104
12 Other Western Europe - Cement Supply & Demand 106
13 Other Western Europe - Cement Supply & Demand by Country 107
SECTION VI - ASIA/PACIFIC
1 Asia/Pacific - Key Indicators for Cement Demand 117
2 Asia/Pacific - Cement Supply & Demand 120
3 China - Key Indicators for Cement Demand 122
4 China - Cement Supply & Demand 126
5 India - Key Indicators for Cement Demand 128
6 India - Cement Supply & Demand 131
7 Japan - Key Indicators for Cement Demand 133
8 Japan - Cement Supply & Demand 136
9 South Korea - Key Indicators for Cement Demand 138
10 South Korea - Cement Supply & Demand 140
11 Indonesia - Key Indicators for Cement Demand 142
12 Indonesia - Cement Supply & Demand 145
13 Thailand - Key Indicators for Cement Demand 147
14 Thailand - Cement Supply & Demand 150
15 Vietnam - Key Indicators for Cement Demand 152
16 Vietnam - Cement Supply & Demand 155
17 Other Asia/Pacific - Key Indicators for Cement Demand 157
18 Other Asia/Pacific - Cement Supply & Demand 160
19 Other Asia/Pacific - Cement Supply & Demand by Country 161
SECTION VII - OTHER REGIONS
1 Latin America - Key Indicators for Cement Demand 170
2 Latin America - Cement Supply & Demand 173
3 Brazil - Key Indicators for Cement Demand 175
4 Brazil - Cement Supply & Demand 178
5 Other Latin America - Key Indicators for Cement Demand 180
6 Other Latin America - Cement Supply & Demand 182
7 Other Latin America - Cement Supply & Demand by Country 184
8 Eastern Europe - Key Indicators for Cement Demand 192
9 Eastern Europe - Cement Supply & Demand 194
10 Russia - Key Indicators for Cement Demand 196
11 Russia - Cement Supply & Demand 199
12 Other Eastern Europe - Key Indicators for Cement Demand 201
13 Other Eastern Europe - Cement Supply & Demand 204
14 Other Eastern Europe - Cement Supply & Demand by Country 205
15 Africa/Mideast - Key Indicators for Cement Demand 212
16 Africa/Mideast - Cement Supply & Demand 215
17 Turkey - Key Indicators for Cement Demand 217
18 Turkey - Cement Supply & Demand 220
19 Iran - Key Indicators for Cement Demand 222
20 Iran - Cement Supply & Demand 225
21 Egypt - Key Indicators for Cement Demand 227
22 Egypt - Cement Supply & Demand 230
23 Saudi Arabia - Key Indicators for Cement Demand 232
24 Saudi Arabia - Cement Supply & Demand 235
25 Other Africa/Mideast - Key Indicators for Cement Demand 237
26 Other Africa/Mideast - Cement Supply & Demand 240
27 Other Africa/Mideast - Cement Supply & Demand by Country 241
SECTION VIII - INDUSTRY STRUCTURE
1 Cement Sales for Selected Producers, 2005 249
2 Selected Cooperative Agreements 258
3 Selected Acquisitions & Divestitures 267
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II - MARKET ENVIRONMENT
1 World Construction Expenditures by Region, 2005 15
2 Relationship Between Cement Demand & Construction
Expenditures, 2005 17
3 World Cement Pricing, 1995-2015 26
SECTION III - WORLD SUPPLY & DEMAND
1 World Cement Demand by Region, 2005 36
2 World Cement Demand - Projected 2005-2010 Annual Rate
of Growth 37
3 World Cement Demand by Type, 2005 39
4 World Demand by Market, 2005 47
5 World Cement Production by Region, 2005 59
SECTION VIII - INDUSTRY STRUCTURE
1 World Cement Market Share by Company, 2005 250
