Home / News / Lafarge expects recovery in second half of 2010

Lafarge expects recovery in second half of 2010

Building materials group Lafarge expects a recovery in developed markets to be underway in the second half of next year, despite cement volumes falling around 8% this year.

Chief executive Bruno Lafont reported a sharp fall in sales and profits and said the global building materials market had shown signs of stabilisation in the quarter but that a recovery would have to wait till the second half of 2010, especially in mature markets like the United States.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

James Burrell goes on recruitment path

Independent builders merchant, James Burrell is recruiting, despite the challenges laid down by the three …