Demand for construction materials in emerging markets and stable volume development have been cited by
The company has recorded this growth for the full nine months despite a 0.5% decline in sales during the third quarter, which was blamed on economic and seasonal influences negatively impacting on the business.
Operating EBITDA – the key operational performance indicator – declined only slightly in the first nine months of the year with CHF3.5billion, down 1% on 2009. In a staetement, the company said, “The reasons for this decline are increased pressure on prices in important markets and a trend toward higher variable production and distribution costs. Holcim was severely affected by this in India. The onset of the monsoon – which was particularly harsh this year – prompted a slide in cement prices right across the country. In addition,
According to Holcim, apart from a few exceptions, prospects for the European construction markets remain subdued for 2010. The company added in it its statement, “Also in North America, little is set to change on the demand side. In both continents however, developments hinge to some extent on weather conditions for building work into year-end. The construction industry in Latin America is expected to remain robust in most cases – the exceptions being Mexico and Central America. The Group regions of Africa Middle East and Asia Pacific will continue to grow. In India, a rapid rise in demand for building materials is expected following the monsoon.”
