Outlook for 2015

Holcim’s main cement markets in Asia Pacific are expected to benefit from increased demand in 2015. As India’s main macro-economic indicators show a solid basis for growth and stable conditions in the mid-term, cement demand is expected to pick up again in 2015. Initiatives by the new Indian government for infrastructure and housing could further boost demand directly and indirectly throughout 2015. Cement demand in Indonesia and the Philippines is expected to continue to increase due to sound macroeconomic fundamentals. The road infrastructure and residential sector will continue to expand in Australia but not enough to mitigate the fall in construction activity in the resources sector.