LaFargeHolcim expects continued concrete-industry growth in North America after "a good start of the year, with good volume growth in the quarter and several multi-year construction contracts."
LafargeHolcim, the world’s largest cement maker, pushed aside concerns of trade tensions and slowing economies Wednesday, after reporting better than anticipated sales and profit during its first quarter. The company reported like-for-like (adjusted to account for acquisitions and divestitures) net sales grew by 6.4% compared to the first quarter of 2018.
Reuters reports that CEO Jan Jenisch expects demand to continue to rise, citing “very good market demand globally.”
He forecast volume demand for cement would increase by 2% to 3% this year, with the U.S. and Europe running at the same level, though China could be flat to slightly down.
