Holcim is monitoring merger and acquisition opportunities in China with a view to building a base for expansion there, Chairman Rolf Soiron said today.
The Chinese government acknowledges that consolidation in its cement industry is necessary and Holcim is among the companies approved to take part, Soiron said in a presentation in Geneva. Challenges there include managing margins and hiring, he said.
“As long as we are not totally sure that we control our destiny there, we are going to be careful in this,” Soiron said today at a British Swiss Chamber of Commerce luncheon in Geneva. He added that some decisions about Holcim’s future will fall to his successor given he plans to step down in a couple of years.