Volumes sold on the local market rose 7% on the year, to 734,000 tons.

“The cement market had an overall value of EUR500-600 million last year, and we are not expecting spectacular evolution in 2011,” Rohan told a news conference.

He added the overall construction market reached a value of EUR4.4 billion last year.

Cement output dropped 11% last year, to 6.9 million tons, while domestic consumption shrank by 12% on the year, to 6.85 million tons.

Rohan expects the market to stagnate or grow by 1%to 2% in 2011, while in 2012, which is an election year, it could increase by 3% to 5%, backed by infrastructure or engineering works.

The 10 members of CIROM, an association founded 20 years ago, delivered some 120 million tons of cement to the local market between 1991 and 2011.

Overall investment in the cement industry, after privatizations, cumulated EUR1.6 billion between 1997 and 2010, according to association’s data.

CIROM members include the local branches of construction material makers HeidelbergCement, Holcim, Lafarge, Saint-Gobain (France) and Carmeuse (Belgium).