Finnish outlook in concrete element sector is “bleak”

Reports says that in In Finland, the outlook in the concrete element sector is bleak.

According to Finnish concrete company 6130 Lujabetoni, the winter of 2013-2014 will be difficult, and demand for elements may fall by about 10%-15% while the Confederation of Finnish Construction Industries RT forecast a slowing down of about 3% for the autumn of 2013, but the decrease may be more.

Meanwhile, it is also reported that Finnish concrete company Betonimestarit has taken its concrete elements to India.

The company’s plant in Mumbai has taken off and employs about 60 local people, and managing director Seppo Saarelainen, agrees construction in Finland is regressing but India is in the process of building tens of millions of homes. In addition to India, the Finnish concrete industry is being aided by exports to Russia and Sweden. Concrete companies Lujabetoni and YBT own a joint concrete plant in Sweden. According to Lujabetoni, Finland is lagging behind Sweden in construction investments.

Concrete element company 1715 Betset for its part has invested €37 million in a plant in St Petersburg, Russia.