| OUTLOOK |
| TYRE |
| Despite concerns of a slowing economy in the near term and the consequent impact on the automotive sector, the overall outlook for the tyre industry is positive. Infrastructure investments in roads, growing income of the country's middle class, increasing mechanisation of agriculture and the continued ready availability of loan finance for vehicles will act as an impetus to tyre sales. |
| CEMENT |
| The near term outlook is expected to be bright. This country's per capita cement consumption is only about 180 kg. against the world average of 447 kg.. Moreover, infrastructure growth in the country is still considered to be in a state of infancy. It is a given that infrastructure growth will be dependent on sufficient availability of cement and this will in turn further boost cement demand in the country. |
| RAYON |
| The demand for VFY is likely to improve due to expected change in fashion trends leading to increased consumption of VFY value added products. The price of pulp, a major raw material, is also likely to reduce. |
