Higher cement volumes

Holcim Morocco reported higher cement volumes. While domestic demand was lower the Group company benefited from clinker exports to the Ivory Coast. Less dynamic activity in residential construction, which represents the majority of the local market, was the main driver behind the domestic development. Aggregates and ready-mix concrete volumes decreased. Holcim Lebanon held cement sales, but lost on ready-mix concrete volumes. In the Indian Ocean region, Holcim sold more aggregates and ready-mix concrete, mainly thanks to the Group’s operations in La Réunion, where Holcim is involved in a major road-building project. Cement volumes at Holcim’s grinding operations in West Africa and the Gulf region were roughly on par with last year. Development in the Ivory Coast remained lively as demand for building materials continued to be high.

Consolidated cement volumes in Africa Middle East increased 5.4 percent to 8.3 million tonnes. Aggregates shipments were down 8.7 percent to 2 million tonnes while ready-mix concrete volumes reached 0.7 million cubic meters, a decline of 15.0 percent. Net sales stood at CHF 861 million, 2.6 percent lower year-on-year.