Holcim Slovensko sees Slovak construction market stabilising

Holcim Slovensko sees Slovak construction market stabilising
Published: 05 September 2011

Holcim (Slovensko) will invest about EUR11m this year, about one-third of which has already been spent to bolster production efficiency and the remaining  EUR7m will fund a new alternative fuel system, company spokesperson Peter Robl said.
 
Holcim (Slovensko) will also invest EUR25m in two projects in its cement plant in Rohoznik. The first scheme focuses on environmental protection and the second aims to improve production efficiency. As of 2013, the cement plant is expected to cover part of its electricity consumption from its own sources and manufacture technical salt from separated dust, the use of which is very limited, Robl elaborated.
 
Holcim is also preparing to sell part of the company.  Robl added that the details would be released later because the transaction is subject to the approval of the Antitrust Office of the Slovak Republic.

The company expects the Slovak construction sector to stabilise this year, with projections close to last year’s performance. 1H sales in 2010 were slightly higher YoY, particularly due to increased cement sales.

Similarly to 2010, supplies for the R1 dual carriageway project were the major driving force behind the result.
 
According to Holcim, the coming years will bring new challenges. Persisting prudence in private and public investments and new questions over economic confidence will likely affect 2012. In 2013, new, more stringent allocation of emission allowances will influence the EU economy.