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Tough markets for cement in Europe, US
01 Feb 2010
1 Min Read
CW Staff
As rising government debt looks to squeeze infrastructure spending, world’s leading cement makers Swiss group Holcim and France’s Lafarge expect the coming years to be tough in Europe and the United States. As a result, these cement makers are depending on demand from emerging markets such as China and India. It is anticipated to take at least three to five years for building materials markets return to their peaks.
As rising government debt looks to squeeze infrastructure spending, world’s leading cement makers Swiss group Holcim and France’s Lafarge expect the coming years to be tough in Europe and the United States. As a result, these cement makers are depending on demand from emerging markets such as China and India. It is anticipated to take at least three to five years for building materials markets return to their peaks.
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