Global Cement Industry: Competitive And Institutional Dimensions
The cement industry is a capital intensive, energy consuming, and vital industry for sustaining infrastructure of nations. The international cement market - while constituting a small share of world industry output - has been growing at an increasing rate relative to local production in recent years. Attempts to protect the environment in developed countries - especially Europe - have caused cement production plants to shift to countries with less stringent environmental regulations. Along with continually rising real prices, this has created a concerning pattern on economic efficiency and environmental compliance.