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Holcim profits drop on weak European results


November 10, 2010
By Helen Wright | Construction Europe

HolcimNov. 11, 2010 – Holcim reported a -22.5% drop in third quarter net
income to CHF 612 million (€ 456 million). The cement and aggregates
supplier was hit by poor demand for building materials in Europe.

Holcim 
Photo from Construction Europe.


 

Nov. 11, 2010 – Holcim reported a -22.5% drop in third quarter net income to CHF 612 million (€ 456 million). The cement and aggregates supplier was hit by poor demand for building materials in Europe.

The Switzerland-headquartered company said it was impacted by challenging economic conditions in Western Europe, commenting that the construction sector made "hardly any progress" during the quarter. | READ MORE

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