KUALA LUMPUR, Oct 21 (Bernama) — The cement industry is expected to see reasonable growth in the next two to three years on the support from the major government infrastructure development projects.
Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the construction sector recorded between five and six per cent growth for the past few years.
“Although demand for high-end residential units had softened, the government is continuously pushing to spur construction in the form of affordable housing, the Refinery and Petrochemical Integrated Development and Mass Rapid Transit projects, among others,” he told reporters at the 50th Anniversary of Cement and Concrete Association (C&CA) here Wednesday.
He said these projects were the major consumers of cement.
Mustapa said the prospects of the industry would continue to be good for cement and construction sector as a whole.
Meanwhile, C&CA Chairwoman, Datuk Yeoh Soo Keng, said the association hoped the...Read More