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Latin America: Swiss cement giant encouraged by market growth to expand

By  |  December 9, 2013

Switzerland-based cement manufacturer Holcim has major plans to expand throughout Latin America, despite slashed sales targets for the company following delayed shipments within brazil, Mexico and India.

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    Reports say Holcim is looking to expand in Peru and Mexico, and is currently planning asset swaps with Mexico rival Cemex for EU cement plants.

    While Holcim’s Latin America chief Andreas Leu acknowledged that it was unlikely the company would make major asset trades with Cemex in Mexico, the company said it is encouraged by signs of increasing demand, especially in Mexico. Reports say both Mexico and Brazil could see a 40 percent increase I cement demand, despite shortcomings this year.

    Holcim, the globe’s top cement manufacturer, has pursued Latin America in recent years, leading to a $3.8 billion operation in nine Latin American nations.

    Full Content: Businessweek

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