cemweek 2011 brazil americas survey

FOC

US

:

BRAZILCW GroupCemWeekCemWeekCemWeekBMWeekBMWeekBMWeekCW GroupCW GroupCW Group

RESEARCH

GLOBAL CEMENT INDUSTRY. KNOWLEDGE. SEPTEMBER 2011

CemWeek AmeriCAs Cement Business sentiment survey2011

BMWeekBMWeek

BMWeekCemWeekCemWeek

CemWeekCW Group Coal WeekCW Group Coal Week

CW Group Coal Week

KHD PROVIDES FULL RANGE OF

PLANT SERVICES:

• Spare parts

• Plant audits

• Training

• Operations and maintenance

Get more out of your cement plantthrough our full range of plant services.

Professional maintenance of process machinery and equipment is very critical

and helps maintain trouble-free production. At KHD, we not only provide

innovative, cost-efficient and environmentally friendly technologies, we offer

solutions to our customers that help increase their cement plants’ efficiency,

reduce operational downtime, ensure quality and thus, save money!

Our experience of over 150 years in creating innovative technologies allows

us to better understand the needs and requirements of our customers. We

carry out a complete spectrum of plant inspections, reconditioning, annual

maintenance contracts for particular machines, kiln alignment (hot/cold), and

plant and equipment upgrades. Such a wide range of services along with our

onsite audit and expert review ensure that our customers get more out of

their cement plants.

To get more out of your cement plant, visit www.khd.com

FOREWORDt is with great pleasure that the CW Group introduces its latest contribution to the regional cement sector surveys – the 2011 CemWeek Brazil and Americas Cement Sector Sentiment Survey. Over 200 organizational units participated in the survey across North and South America. We extend a special thank you to all the participants for their contribution to this

highly anticipated survey.

The survey follows similar annual surveys that the CW Group has firmly established as the industry benchmark, including India and the Middle East & Africa. With this initiative, we look forward to leveraging the CW Group’s research platform to continue providing leading industry coverage of the “New World.”

There is no mystery in that the fortunes of the cement sector in the Americas have bifurcated along a North-South divide. As North America continues to struggle in the toughest trading conditions in decades, South America is seeing one of its biggest booms. In particular, Brazil stands out, not only in terms of sustained growth, but also for its ability, as a large market to expand. Given the special dynamics of the Brazilian market, we decided to dedicate a special focus of the survey to this growing force in the global cement sector.

The point of the survey is not to simply point out the obvious, but rather to ask a series of second-order questions to market participants and professionals to scientifically collect and analyze what the industry in the region is collectively thinking, feeling and putting at the top of its agenda. The survey is intended as a starting point for framing the discussion of the state of the markets from a people-perspective. If you are interested in learning more, please contact us to discuss further: [email protected].

We wish to thank the sponsors of this survey for their support. These companies demonstrate a strong commitment to the region and warrant a special mention: KHD Humboldt Wedag, Fives FCB, Gebr. Pfeiffer, Magotteaux and Blancon.

Robert MadeiraManaging Director & Head Of ResearchCW [email protected]

his report presents the findings of the first (2011) CemWeek Americas Cement Sector Sentiment Survey carried out in the summer of 2011.

The respondents hail from firms across the Americas, ranging from Canada to Chile. They are grouped into various regions including North America, Central America, the Caribbean, Brazil and the rest of South America. Given the

emergence of Brazil as a major producer and consumer of cement, a special section of this report concentrates on the views of the industry in Brazil.

The survey corroborates and quantifies the considerable differences steadily emerging between North America, Central America and South America. The ongoing slowdown in the

FRom CAnAdA to ChILe...

CONTEXT

cemweek 2011 americas cement business sentiment survey cwgrp.com4BMWeekBMWeek



CW Group Coal Week

wider US economy meant production in 2010 was at its lowest since 1982 and 45% below production in the record year of 2005 in North America. In Central America, firms reported a slowdown in activity rates but generally, production remained stable.

In contrast, there were high expectations of steadily increasing demand in South America

as the regional economies expanded and to cope with planned state expenditures on infrastructure projects. This obviously included Brazil, but production in, for example, Argentina grew by 9.8% in the first quarter of the year with similar year-on-year growth reported elsewhere in the southern regions of the continent.

CONTEXT

...wIth A BIg stop In BRAZIL

cemweek 2011 americas cement business sentiment surveycwgrp.com 5BMWeekBMWeek



CW Group Coal Week

he survey distilled a series of principal sentiments and trends across the region. These broad trends were confirmed within this survey as:

■ Consistently across the respondents, there is a clear set of regional differences. Some three quarters of firms based in South America reported that recent performance had been better than expected. For those located in Central America and the Caribbean, 50% indicated that performance had been better than expected and the remainder responded that it had been as expected. On the other hand, 57% of the North American respondents reported performance had been worse than expected.

■ Despite this, most respondents expect performance to be the same or better in the next twelve months. The bulk of firms located in North America expect little change over this period and 13% expect to have to lay off more staff. In contrast, 67% of the firms located in South America expect performance to improve in the next year.

■ Across the sector, there is an emphasis on the importance of cost controls and improving domestic sales, though for different underlying reasons. Generally, 28% of North American firms and 30% of those in South America expect their input costs to rise in the next year. The main difference is that those in the South expect to be able to offset this through higher sales and over 50% of those firms expect to see their profits also increase in the coming year. In general, in the southern region, there is less emphasis on a need to control costs and instead the emphasis is on how to meet booming regional demand.

■ In terms of employment projections, the continental split between North, Central and South America is expected to continue. 36% of firms in the North and 45% in Central America plan to take on more staff. In South America, the percentage of firms expecting to hire climbs to 70%.

■ In terms of expectations of capital expenditure, 27% of firms in North America, 48% of those in Central America and 54% in South America anticipate seeing an increase. Overall, very few (8% of the entire survey and 13% of those in North America) expect to see this decrease, perhaps reflecting that capital budgets have been cut where needed and that the current view is the minimum already to maintain existing assets.

■ A strong willingness to meet various environmental and emissions standards on the part of respondents. Overall though, and perhaps reflecting overall economic performance, firms in South America were more likely to be willing to see reduced profits in order to meet higher standards than those in North America (easier to commit profits when they are more abundant). Firms based in North America were more likely to indicate that environmental issues were the major issue facing their company in the coming year, which reflected the underlying legislative environment.

■ Finally, this survey asked cement manufacturers for their opinions on the equipment suppliers who supply the industry. On the whole, this continues to be a supportive and symbiotic relationship with some firms active throughout the entire region and others involved with only particular sub-regions or countries.

INTRODUCTION

continued on page 8cemweek 2011 americas cement business sentiment survey cwgrp.com6

BMWeekBMWeek



CW Group Coal Week

FIVES FCB, A PARTNER OF CHOICE

FOR THE BRAZILIAN MARKET

www.fivesgroup.com

Fives FCB – Al. Mamoré, 911 - cj 802 – 06454-040 Alphaville, Barueri – São Paulo – BRAZILYour contact in Brazil: Yan Huerre – Tel: +55 (11) 4195 3098 – Cell: +55 (11) 8199 1865 – E-mail: [email protected]

Driving progress

Fives FCB has been serving the cement manufacturing industry for over 70 years. Thanks to its double expertise as Process Mechanical Equipment Supplier and Turnkey General Contractor, Fives FCB provides sustainable and reliable solutions combining technology, safety and cost-optimization in the production of a high quality product in environmentally friendly conditions.

Fives FCB offers a range of innovative and sustainable equipment for grinding and pyroprocessing such as:• Horomill®, the sustainable grinding mill allowing energy

savings ranging from 35 to 70% compared to traditional ball mills, 15 to 20% compared to vertical mills. It is espe-cially adapted to cements with additives

• TSV™ Classifi er, the high effi ciency dynamic classifi er • Zero NOx Precalciner, the high environmental perfor-

mance precalciner which cuts the stack NOx emissions by half while maintaining high fl exibility in terms of fuel type and operation

Fives FCB is recognized by both major world cement manu-facturers and regional producers as a general contractor and equipment supplier which is able to adapt to and manage a wide range of project types, from engineering & supply projects (excluding construction activities) up to complete turnkey plants anywhere in the world. Fives FCB’s compre-hensive organization includes an R&D team, a testing and analysis center, mechanical, electrical and civil engineering departments, project execution and construction & com-missioning teams enabling it to offer tailor-made solutions to all its customers, while respecting contractual delivery times, performance specifi cations and safety requirements.

Since May 2010, Fives FCB has been developing a dedicated structure in Brazil located in São Paulo within the local Fives group offi ce. Its main objective is to be closer to Brazilian customers and thus better serve their needs.

Recently, Fives FCB has imple-mented complete cement plants equipped with its latest techno-logies in Vietnam (Thai Nguyen), Qatar (Umm Bab), Egypt (Beni Suef) and Mexico (Hermosillo) and started work on a major revamping in Saudi Arabia (Saudi White Cement Co.).

Fives FCB has reinforced its presence in Brazil

A wide range of innovative and sustainable process equipment for the cement and minerals industries

Renowned expertise in project execution, from engineering and supply up to complete turnkey and revamping projects

Demographics

he respondents reflect the full range of the types of firms that make up the wider cement industry from cement

manufacturers, equipment firms to industry traders and analysts.

0

120

Total

In North America

OtherIndustry Analyst/Consultant

Cement TraderEquipment VendorCement Company

type of company

Other

Consulting and Research

Training & Logistics

Planning, finance & other administrative

Production, operations & Engineering

Sales & Marketing

functional area

Professional Staff

Management (eg Regional manager, Director)

Senior management (eg CEO, Head, GM, EVP or SVP)

level

Brazil

South America

Central America

Caribbean

North America

location in the americas

Within this spread of firms, the respondents also represent the full range of roles within the industry with 33% involved in sales and marketing, 33% in production and the balance in roles such as research, planning and finance.

The bulk of the respondents were managers or senior managers, but also included a representative group of the professional staff within the industry.

Almost 50% of the respondents worked in North America, 25% in Brazil and the remainder across the rest of South America and the Caribbean.

INTRODUCTION




CW Group Coal Week

razil is emerging as a continental powerhouse driving economic development across the globe. The domestic cement market is dominated by four major firms - Votorantim

Cimentos, Joao Santos, Cimpor and Holcim – which collectively produce around two-thirds of annual cement production. As with the industry across the globe, there is a steady shift to adopt alternative fuel sources to reduce dependency on coal and reduce carbon and other emissions. Twenty-two percent of the firms in this survey were based in Brazil indicating the importance of this sector in the Americas.

As is clear from this survey, firms in Brazil were optimistic about the current and future state of the industry, buoyed by economic growth in both Brazil and the overall region. For example, almost 40% of North American firms expressed concerns about profitability in the short term. In contrast, this was identified only as a major issue for 25% of those firms located in Brazil.

In terms of recent performance, 85% of firms in Brazil indicated that this was either ‘excellent’ (42%) or ‘good’ (43%) and 33% indicated that this level of performance had been above their original expectations.

In terms of expectations, 18% anticipated the next 12 months to be ‘much better,’ a further 48% that it would be the same and only 2% believed it would

be ‘somewhat worse.’ Thirty-two percent indicated they expected current trends to continue. There was less clarity about how this would affect profitability as 50% expected this to increase and 47% stated it would stay much the same. A number of firms expect to see growth in sales that will not lead to short-term increases in profits.

This may reflect the expectation that employment levels will increase (expected by 75%) although there

are concerns about the availability even now of suitably skilled labor. Firms in Brazil are especially

focused on ‘operational improvements’ (34%) and boosting domestic sales (22%)

with a firm expectation that capital expenditure will increase (65%). The combination paints a story of the cement companies scrambling

to meet demand, but improving what is there and building new when needed.

The sector, however, provides contradictory answers in terms of the impact

of climate change and tougher emissions targets. Some 90% would be willing to sacrifice

profitability to meet improved emissions targets and 25% indicated that it was a ‘top-priority’ for the company to meet these standards (a further 53% indicate this was ‘important’). However, only 10% indicated that environmental issues were their largest concern in the coming year and 15% that this was the largest issue facing the sector.

BRAZILSPEC

IAL

FO

CU

S:

Gebr. Pfeiffer, Inc. | 18503 Pines Blvd. Suite 306 | Pembroke Pines, FL | 33029 USA | Tel. (954) 668 2008 | www.gebrpfeifferinc.com

Challenge As a newly established company in the cement industry, Cementos San Marcos wanted to keep the initial invest-ment costs at a minimum while allowing the plant to later expand capacity, to meet market demands.

Results The plant saved money on their initial investment by utiliz-ing the MPS Swing Mill solution. They can add a second mill when the market demands will support that invest-ment. The plant will also save on transportation costs, giving them a competitive advantage, due to the close proximity of the new plant and the existing limestone and derivatives quarry. The project will generate approxi-mately 210 direct jobs with an estimated production ca-pacity of 200 thousand tons per year.

PROJECT PROFILE Swing Mill Solution Cementos San Marcos S.A.

Plant/Location: Cobo Lloreda Plant/Cali, Colombia Year: 2009

Industry: Cement

Materials: Clinker/Limestone Equipment: MPS 2500 BC Swing Mill

Mtph: 63mtph Raw Material/37mtph Clinker Kw: 900

Solution The unique advantage of the MPS Swing Mill is that it can alternately grind both raw material and clinker using the same vertical roller mill. This feature allows Cementos San Marcos to increase plant efficiency while reducing their overall mill investment costs by providing them with the ability to grind different types of raw materials and clinker, interchangeably, depending on their changing needs.

Gebr. Pfeiffer MPS Vertical Roller Mill for Clinker

Cementos San Marcos S.A. Cobo Lloreda Plant, Colombia

Scope of Services Engineering design and installation of the MPS 2500 BC Vertical Roller Mill with SLS 2250 BC Classifier.

Gebr. Pfeiffer, Inc. | 18503 Pines Blvd. Suite 306 | Pembroke Pines, FL | 33029 USA | Tel. (954) 668 2008 | www.gebrpfeifferinc.com

Challenge As a newly established company in the cement industry, Cementos San Marcos wanted to keep the initial invest-ment costs at a minimum while allowing the plant to later expand capacity, to meet market demands.

Results The plant saved money on their initial investment by utiliz-ing the MPS Swing Mill solution. They can add a second mill when the market demands will support that invest-ment. The plant will also save on transportation costs, giving them a competitive advantage, due to the close proximity of the new plant and the existing limestone and derivatives quarry. The project will generate approxi-mately 210 direct jobs with an estimated production ca-pacity of 200 thousand tons per year.

PROJECT PROFILE Swing Mill Solution Cementos San Marcos S.A.

Plant/Location: Cobo Lloreda Plant/Cali, Colombia Year: 2009

Industry: Cement

Materials: Clinker/Limestone Equipment: MPS 2500 BC Swing Mill

Mtph: 63mtph Raw Material/37mtph Clinker Kw: 900

Solution The unique advantage of the MPS Swing Mill is that it can alternately grind both raw material and clinker using the same vertical roller mill. This feature allows Cementos San Marcos to increase plant efficiency while reducing their overall mill investment costs by providing them with the ability to grind different types of raw materials and clinker, interchangeably, depending on their changing needs.

Gebr. Pfeiffer MPS Vertical Roller Mill for Clinker

Cementos San Marcos S.A. Cobo Lloreda Plant, Colombia

Scope of Services Engineering design and installation of the MPS 2500 BC Vertical Roller Mill with SLS 2250 BC Classifier.

SURVEY

Recent Performance

espondents were asked for their opinions about industry performance in the last six months. In total, some 40% indicated it had performed ‘excellently’ or ‘well.’ However, as predicted, this opinion varies substantially depending on region. Only 9% of North American respondents agreed that performance had been ‘good’ or ‘better’ and 80%

indicated that performance was ‘ok’ or ‘poor.’ In contrast, over 85% of Brazilian and 65% from the rest of South America indicated that recent performance was either ‘excellent’ or ‘good.’

When broken down by the role of the respondents, staff in a sales and marketing role (regardless of geographical location) were more likely to answer that performance was at least as expected if not better.

Logistics and Distribution

In terms of seniority, the main difference among the respondents was that staff in management roles were more likely to describe the previous six months as ‘poor’ or ‘terrible’ than those in professional roles. This may reflect different perspectives on the performance of the firm with those in professional roles reflecting on performance in their own particular department or sector.

0

100%Terrible

Poorly

Ok

Well

Excellent

BrazilSouth AmericaCentral AmericaCaribbeanNorth America

How has the cement Industry performed in the past 6 months?

0

100%Terrible

Poorly

Ok

Well

Excellent

OtherConsulting & Research

Traning & Logistics

Planning, Finance & Other Administrative

ProductionOperations

& Engineering

Sales & Marketing


FINDINGS

40% of respondents indicated the industry had performed ‘excellently’ or ‘well’ in the past six months




CW Group Coal Week

SURVEY FINDINGS

0

100%Terrible

Poorly

Ok

Well

Excellent

Professional StaffManagement (eg Regional manager, Director)

Senior management (eg CEO, Head, GM, EVP or SVP)


0

100%Nowhere near my expectations

Below my expectations

Met my expectations

Exceeded

Far Exceeded


Looking back at the past 6 months, how did it meet your expectations?

Most of the respondents indicated that the outcome met or was below their original expectations.

In particular, North American respondents were most likely to indicate that performance had been lower than expected. Those from the Caribbean and Central America indicated that the outcome had been much as expected and those from South America and Brazil suggested performance had exceeded expectations.

South America and Brazil

saw industry performance

exceed expectations




CW Group Coal Week

Expectations for the Future

When asked about their expectations for the next 12 months, there was a consensus that performance would be about the same or somewhat better. This was a common theme throughout the region, particularly for Brazil and the rest of South America. However, there was also a split between the various sectors of the industry. 90% of the firms anticipating overall performance to be worse were cement manufacturers (who made up 50% of the total survey) while 54% of equipment manufacturers were expecting performance to be either ‘much’ or ‘somewhat’ better in the coming year.

0

100%A lot worse

Somewhat worse

About the same

Somewhat better

Much better


How will the next 12 months perform compared to the last 6 months?

0

100%Worsen

Stay the same

Improve


How will profitability improve?

It is perhaps no surprise that respondents were also split along regional lines between those who believed profitability would increase and those who believed it would remain much the same. Across the whole sample, 50% expected no change in profits over the coming year. Only 30% of the firms in North America predicted an increase compared to 50% in South America. Equally, perhaps reflecting their greater optimism about future performance, equipment manufacturers were slightly (50%) more likely than cement manufacturers (41%) to expect profit growth in the coming year.

SURVEY FINDINGS

Cement manufacturers

are more pessimistic

than equipment vendors about

the next 12 months




CW Group Coal Week

SURVEY FINDINGS

Only around 25% of all firms anticipated input prices to increase in the coming year. This rate was relatively stable across the geographical regions. The main exception was Brazil where only 12 - 13% of the sample expected input prices to increase, and over 60% expected input prices to decrease.

These trends about the wider industry were reflected in respondents’ views about their own careers. Around 45% of all respondents (nearly 60% in North America) indicated their jobs would probably be the same, and nearly 40% (30% in North America) indicated they were fairly confident their career would see a boost in the next 12 months.

The feeling of either cautious optimism or an expectation prospects were relatively neutral was reflected in respondents’ views as to whether their firms were likely to hire more staff in the next 12 months.

0

100%Worsen

Stay the same

Improve


How will yout input costs change?

0

100%At risk

Probably the same

Fairly confident

Highly confident


Are you confident your career will see a boost in the next 12 months?

30% of North American firms expect profits to rise vs. 50% in South America




CW Group Coal Week

Overall, almost 80% anticipated hiring would ‘remain the same’ or be ‘a bit more.’ The main exception to this was seen in Brazil where an overwhelming majority (65%) expected companies to hire ‘a bit more’ and 13% projected ‘a lot more.’

0

100%Lay off workers

Remain the same

A bit more

A lot more


Will your company hire more employees?

PERFORMERS START EARLY AND ALWAYS REMAIN ONE GRAIN AHEAD!

www.magotteaux.comDuocast®

SURVEY FINDINGS

Hiring to remain strong

in Brazil

PERFORMERS START EARLY AND ALWAYS REMAIN ONE GRAIN AHEAD!

www.magotteaux.comDuocast®

SURVEY FINDINGS

Looking ahead and perhaps reflecting concerns at the need to sustain profits, almost 32% indicated that controlling costs was the most important issue for their company in the next 12 months. Beyond this 23% believed the priority lay with improving domestic sales, and nearly 15% identified either operational improvements or environmental issues. However, the focus on domestic sales may mask very different issues in North and South America.

In the North, given the state of the market, sales have become essential to company survival. Furthermore, recent EPA rulings are putting a focus on environmental issues, and cement manufacturers, not surprisingly, are anticipating a significant impact on their operations. In the South, and linked to other concerns about operational processes, the challenge appears to be in meeting the domestic demand.

Again, Brazilian respondents differed (especially in comparison to those in North America) in being less likely to see a focus on cost control. This is illustrated in Table 12 above, where they expected input prices to fall and were more likely to identify ‘operational improvements’ as the key theme. Across South America as a whole (including Brazil), the main themes were to improve domestic sales (30%) and operational improvements (27%).

There were also sectoral differences in terms of the key issues facing firms. Forty-two percent of cement firms compared to 25% of equipment vendors saw cost control as the key issue. However, in terms of the relative importance of improving domestic sales, 25% of cement manufacturers, as opposed to 33% of equipment vendors, saw this as the critical issue.

Respondents were also asked what they saw as the wider industry issues in the next few years. In North America, there was a particular focus on environmental and regulatory issues driven by the new EPA rules, as well as underlying profitability and excess capacity. Firms in South America stressed plant efficiency, and especially in Brazil, a shortage of skilled labor due to problems with meeting existing high demand.

0

100%Other

Operational improvement

Environmental issues

Safety and occupation

Finding new export opportunities

Improving domestic sales

Controlling costsBrazilSouth AmericaCentral AmericaCaribbeanNorth America

What wil be your company's most important theme for the next 12 months?

Controlling costs is top priority; improving domestic sales second




CW Group Coal Week

In terms of capital budgets, there is a clear distinction between North and South America. Only 26% of the former compared to 50% of the latter expected to see an increase in their company's capital budget in the coming year. Brazilian firms were particularly optimistic in this respect with 67% forecasting an increase.

When asked directly, the impact of climate change and related environmental concerns is widely acknowledged across the industry. Overall 64% indicated the industry should sacrifice profits in the search for lower emissions. However, while this is by far the dominant view in South America (including Brazil) where over 80% agree, the opinion in North America was evenly split with 48% agreeing and 52% disagreeing.

In contrast, North American companies were far more likely to have identified environmental issues (16% as opposed to 8% of the rest of the sample) as the major concern of their firm in the coming twelve months. It may be that this difference reflects concerns that operating costs may increase at a time when profit margins are already under pressure, or that North American firms are already taking steps to adapt to stricter regulations.

0

100%Other

Safety & health

Energy prices

Shortage of skilled labor

Regulatory

Environment/emissions

Plant efficiency

Excess capacity

ProfitabilityBrazilSouth AmericaCentral AmericaCaribbeanNorth America

What is te biggest challenge facing the cement sector in your country in the next few years?

0

100%Decrease

Stay the same

Increase


How will your company's capital budget change?

SURVEY FINDINGS

Brazil and South America

expects increases in

capital budgets




CW Group Coal Week

SILO CLEANING

� Safer, faster and more efficient than other traditional silo cleaning methods � Highly qualified crews, using our unique, non-human entry silo-clean system � Fully certified rope access teams equipped to work at height � Iso 9001, 14001 and atex certified silo cleaning operations

(+34) 917.231.502(+34) 917.952.529

Calle La Resina 37Nave 11

28021 Madrid, Spain

worldwide service

www.blancon.net

SURVEY FINDINGS

0

100%No

Yes


Do you think the cement industry should sacrifice profitability in the next few years to improve emissions and reduce CO2?

100%Top priority

Important

Neutral

Not too important

Not at all

0BrazilSouth AmericaCentral AmericaCaribbeanNorth America

How important is it for your company to meet the latest emissions standards (eg CO2, mercury etc?)

The latter interpretation may be correct given the importance ascribed to adapting production techniques to meet changing environmental regulations. Overall 50% of all firms indicated it was ‘important’ that they meet the latest emissions standards.

Relations with Equipment Suppliers

The cement-manufacturing firms in the sample were asked to give their opinions of the various equipment manufacturers serving the industry. FLSmidth and Polysius were particularly highly rated with two-thirds of respondents rating them as either ‘best in class’ or ‘good to work with.’ This increased to 75% for respondents located in South America.

Some firms maintain a regional presence with companies such as Siemens and ABB being highly rated by 65% of the respondents in North America. Others such as Claudius Peters were valued by respondents in South America where 72% rated the company as either ‘best in class’ or ‘good to work with.’ 1

1The is an extract of the responses. Respondents were asked to provide their views on the following companies: FLSmidth, KHD, Polysius, Sinoma, Fives FCB, Siemens, ABB, Loesche, Gebr Pfeiffer, Claudius Peters, IKN, Aumund, and Atec Greco.

North and South America

diverges in prioritizing sacrificing

profits for lower

emissions




CW Group Coal Week

SUMMARYverall, the 2011 CemWeek Brazil and Americas Cement Sector Sentiment Survey confirms the view that the cement industry across the Americas has split into three broad regions. Firms located in North America have seen profits and sales dip in the last six months and most see little indication of a rebound in the next year. Those in

Central America and the Caribbean reported profits and sales have been relatively static and were only slightly optimistic about prospects for the coming year. In contrast, those in South America have seen sales increasing over the last six months and either were expecting this to continue or accelerate in the coming year.

Please contact the CW Group to arrange for a discussion of this survey and its findings in more detail: [email protected].

St Marys Cement Plant Charlevoix, Canada




CW Group Coal Week

We know the cement industry well. Let us guide you. For more information please contact us at [email protected] or on +1-702-430-17 48848 N. Rainbow Blvd., Box #1658, Las Vegas NV, 89107, USA

cwgrp.com23

CW Group Research provides high-quality and data-centric custom and published market research. Our research and report services help companies conduct and leverage research to provide clear direction for business decision-making.

ӹ Market and country research ӹ Forecast services ӹ Due diligence research ӹ Competitive benchmarking ӹ Opportunity assessments ӹ Customized surveys ӹ Business intelligence

Contact us at [email protected] to discuss further how we can support your market intelligence needs.

www.cwgrp.com/research

Market analysisCompetitive benchmarking

Business intelligenceLet us guide you

T: +1-702-430-1748 F: +1-928-832-4762

848 N. Rainbow Blvd. Box #1658 Las Vegas NV 89107 USA

BMWeekBMWeek



CW Group Coal WeekRESEARCH

For cement plants, KHD offers

• Full line engineering and equipment supply

• Individual machines

• Equipment packages

• Spare parts & the full range of plant services

With its Clean Technology solutions, KHD Humboldt Wedag offers innovative

products and services which are energy efficient and environmentally friendly.

We have been the first to introduce many breakthroughs in the cement

industry, like the world’s first preheater tower or more recently our energy

efficient COMFLEX® modular grinding system. KHD is an industry leader

in low NOx calcining technology. Our highly efficient pyro processing

equipment requires less heat and energy consumption, and thus, avoids

producing additional unnecessary CO2.

Our focus on efficiency and quality not only helps us excel as a company, it

also helps our customers reduce costs and increase productivity.

save more than just energyClean Technology

To learn more about KHD Clean Technology, visit www.khd.com

cemweek 2011 brazil americas survey

Documents

cement plantthrough

global cement sector

anticipated survey

cement plants efficiency

regional cement sector

range of plant services

south america

north america