Book Details
Global Cement - Cement industry in EM turmoil
Our analysis of global cement markets points to record low 70% EM capacity
utilisation, a long way from the level required to turn more positive on
profitability, and the outlook for volume recovery is uncertain at best
Lafarge’s merger with Holcim is no panacea and in our view generates little
incremental pricing power to offset EM exposure. We reiterate our Reduce
rating on LafargeHolcim (target price cut to CHF42 from CHF66)
Author: Global Research
Pages: 167
Issue By: Page Flip
Published: 2 years ago
Likes: 0
