Cement consumption in 2017 should grow in the mid- to high single digits, recovering some of the lost ground of 2016. The reactivation of public investment should be positive for cement demand. The gradual recovery of macroeconomic stability, including expectations of falling inflation, reduced interest rate volatility and more predictable fiscal policy, should be supportive of private investment and could lead to a renaissance of cement demand growth.

Executive Summary

Cementos Pacasmayo S.A.A..

Cementos Progreso, S.A.

CEMEX, S.A.B. de C.V..

Elementia, S.A.B. de C.V

Grupo Cementos de Chihuahua, S.A.B. de C.V.

InterCement Participações S.A. ..

Trinidad Cement Limited

Votorantim Cimentos S.A. (VCSA).