Cement: capacity utilization may have bottomed out, but revival elusive2 min read . Updated: 03 Oct 2017, 08:30 AM IST
From peak levels of 86-89% in fiscal years 2007 to 2009 , all-India cement capacity utilization plunged to a multi-year low of around 65% in FY17, say industry analysts
In the Indian cement industry, capacity additions, particularly via mergers and acquisitions, have been a trend in the past few years. But in the wake of subdued demand growth, with higher capacity coming online, the industry’s capacity utilization consistently headed down (see chart 1).
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