Ex-Buyside Principal, now doing Independent Secondary Research on Indian Equities

Pawan Sachdeva

Thematic (Sector/Industry)

China Materials / Thematic (Sector/Industry)

In preparing this insight, I have tried to compare ACC (as an Indian Cement Sector Proxy) to Holcim and Anhui Conch. &nbsp;<div><ul><li>I discuss Long Term trends of cement pricing in India, environmental issues and relative cost structures.&nbsp; </li><li>I believe that this work might aid fund managers / analysts in deriving a better view on the cement sector.&nbsp; </li><li>Cement Company Managements can also use this as an analysis framework to benchmark their own performance.&nbsp; </li><li>Lastly, I also try to raise thoughts on whether 2015-2020 is like 2003-2008 for the Indian stock market.&nbsp;</li></ul><blockquote>My work examines publicly available data spanning 15 years, going back to 1999.&nbsp;</blockquote></div>

In preparing this insight, I have tried to compare ACC (as an Indian Cement Sector Proxy) to Holcim and Anhui Conch. &nbsp;I discuss Long Term trends of cement pricing in India, environmental issues and relative cost structures.&nbsp; I believe that this work might aid fund managers / analysts in deriving a better view on the cement sector.&nbsp; Cement Company Managements can also use this as an analysis framework to benchmark their own performance.&nbsp; Lastly, I also try to raise thoughts on whether 2015-2020 is like 2003-2008 for the Indian stock market.&nbsp;My work examines publicly available data spanning 15 years, going back to 1999.&nbsp;

China National Building Material (3323 HK)

Jilin Liyuan Precision Manufactrg (002501 CH)

Zhejiang Longsheng Group Co., (600352 CH)

Yunnan Chihong Zinc&Germanium Co, Ltd. (600497 CH)

Jinduicheng Molybdenum Co, Ltd. (601958 CH)

Lianhe Chemical Technology Co, Ltd. (002250 CH)

Gansu Jiu Steel Group Hongxing Iron (600307 CH)

Chongqing Iron & Steel Co Ltd H (1053 HK)

Inner Mongolia Baotou Steel Union (600010 CH)

Jiangsu Protruly Technology Group (600074 CH)

Inner Mngl Jnzhng Eng & Cmci Gp (601216 CH)

Shandong Sinobioway Biomedicine (002581 CH)

Tongling Nonferrous Metals Group (000630 CH)

Ji Lin Ji En Nickel Industry Co., (600432 CH)

Shandong Gold Mining Co., Ltd (600547 CH)

China Northern Rare Earth Group High-Tech (600111 CH)

China Northern Rare Earth Group High-Tech

Xinxing Ductile Iron Pipes Co, Ltd. (000778 CH)

Beijing Sanju Ep& New Materials (300072 CH)

Shenzhen Jinjia Color Printing Gp (002191 CH)

Kingenta Ecological Enginering Gp (002470 CH)

Cefc Anhui International Holdi (002018 CH)

Jiangsu Kangde Xin Composite Mtrl Co (002450 CH)

Zhejiang Zhongcheng Packing Mtrl (002522 CH)

ACC, Holcim & Anhui Conch: A Cross-Country Benchmarking Study of Cement Sector Leaders