CSL projects growth for cement industry in 2024

The Research department of CSL Stockbrokers Limited has projected the cement industry to grow in 2024.

The team in a report released on Friday projected that industry demand will improve as consumers’ purchasing power will be less constrained in 2024 compared to 2023.

“In 2024, we anticipate the cement sector will remain resilient, experiencing substantial year-on-year growth, particularly in Q1 2024, due to the favourable low base.