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Economic analysis of the European cement industry

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  • Marcel Boyer
  • Jean-Pierre Ponssard

Abstract

We present a methodology to assess the profitability of a capital intensive industry over a business cycle and to make projections of profitability for different investment strategies under various hypothetical scenarios for environmental and competition policies. The methodology is applied to the European cement industry over the period 2004©\2012 (Part I) and over the next 10/15 years (Part II) using publicly available data, interviews of financial analysts and industry experts. Nous d¨¦veloppons une m¨¦thodologie pour ¨¦valuer la performance financi¨¨re ex©\post d¡¯un secteur ¨¤ forte intensit¨¦ en capital lors d¡¯un cycle ¨¦conomique et ¨¦tudier la rentabilit¨¦ future de diff¨¦rentes strat¨¦gies d¡¯investissements face ¨¤ diff¨¦rentes politiques de concurrence et environnementale. Cette m¨¦thodologie est appliqu¨¦e au secteur cimentier en Europe respectivement pour la p¨¦riode 2004©\2012 (Partie I) et pour les 10/15 prochaines ann¨¦es (Partie II). Les r¨¦sultats s¡¯appuient sur des donn¨¦es publiques et sur des interviews d¡¯analystes financiers et d¡¯experts du secteur

Suggested Citation

  • Marcel Boyer & Jean-Pierre Ponssard, 2013. "Economic analysis of the European cement industry," CIRANO Working Papers 2013s-47, CIRANO.
  • Handle: RePEc:cir:cirwor:2013s-47
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    File URL: http://www.cirano.qc.ca/files/publications/2013s-47.pdf
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    Cited by:

    1. Branger, Frédéric & Quirion, Philippe, 2015. "Reaping the carbon rent: Abatement and overallocation profits in the European cement industry, insights from an LMDI decomposition analysis," Energy Economics, Elsevier, vol. 47(C), pages 189-205.
    2. Frédéric Branger & Jean-Pierre Ponssard & Oliver Sartor & Misato Sato, 2015. "EU ETS, Free Allocations, and Activity Level Thresholds: The Devil Lies in the Details," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 401-437.
    3. repec:eee:ejores:v:264:y:2018:i:2:p:717-731 is not listed on IDEAS

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