The global cement industry produces an estimated five percent or so of total CO2 emissions. The political agenda across the world is that the sector should shoulder the costs of reducing green house gases (CO2 abatement). Here we consider two questions about cement and climate change legislation. Firstly, we look at the business areas that such legislation will impact on the sector. Secondly, we assess the preparedness of the sector to address the impact of impending legislation.
Examines the impact of rising borrowing costs on the industry The vice-chairman of one of India’s leading cement companies speaks out about the impact the country’s rising costs of borrowing are having on the industry. A deteriorating rupee, high interest rates, and the looming threat of a downgrade to junk status by Standard & Poor’s (S&P) has many companies walking a proverbial tightrope.