Cement Industry Facility Investment Falls for Second Year Amid Construction Downturn; Industry Seeks Government Carbon Reduction Support

South Korea's cement industry is facing a significant downturn, with facility investment declining for the second year in a row. This trend is directly linked to the prolonged slump in the construction sector, which has led to decreased sales and, consequently, reduced financial capacity for upgrading and expanding production facilities.

The situation is compounded by the parallel decline in investments aimed at achieving carbon neutrality and reducing greenhouse gas emissions. As the industry struggles with market challenges, the necessary investments in environmental technologies are also faltering.

In response, the cement industry is urgently appealing to the government for enhanced support. Industry associations are emphasizing the critical need for government assistance to navigate the current economic climate and to continue pursuing environmental goals. According to data from the Korea Cement Association, the decline in investment reflects the challenging operating environment.