What factors gave rise to the cement industry?
Answers
Explanation:
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There are certain factors that influence the cement industry. The factors include:
Explanation:
Economic scenario – Phases of growth in the economy are positively linked to cement company growth.
Cost structure and competitiveness – There isn’t much that cement companies can do regarding cost structure because the margins are less to begin with. Cost advantages are usually due to companies having access to a cheaper power source, a quality limestone reserve, or being close to bigger markets.
Legal, regulatory, and environmental scenario – The cement industry is affected by regulatory norms. This is prominent in developed countries where environmental issues are more stringent. This adds to the companies’ costs.
Technological advancement – A disruptive innovation can give the innovating company an advantage. For example, when companies moved from the wet manufacturing process to the dry manufacturing process, there was a cost savings of 5%–10% of the overall cost structure.
Geographic advantages – It’s an advantage for companies to be near limestone mines or waterways. Ease of transportation is an advantage.