Our 178 page report on the outlook for the global cement industry highlights the likely slowdown in the pace of price increases with declining capacity utilisation in many emerging markets and the need to maintain volumes in Europe in order to retain free carbon permits. The report highlights the industry’s accelerating progress on decarbonisation, but also the longer term concern about the feasibility and cost of carbon capture, utilisation and storage. Share buy-backs have continued in Europe and other European companies may consider following CRH in moving their prime listing to New York. The three largest Brazilian cement companies have announced plans for IPO’s.