Holcim expects lower full-year sales on lower demand

November 6, 2013 12:00 am

The world’s biggest cement maker by market value, Holcim has said 2013 sales are not expected to reach the previous year’s levels, as demand in Latin and North America and Africa and the Middle East falls short, Reuters has reported. Third-quarter net sales fell 7.8% to SF5.29bn ($5.81bn), hit by weaker demand for building materials in India, Mexico and Canada. Net profit after minorities came in at SF469m, compared with SF394m a year earlier.