Dyckerhoff expects improving market in 2011
Dyckerhoff expects that the economic growth in its most important markets will accelerate in 2011, which will have a positive effect on cement consumption, CEO Wolfgang Bauer said.
For 2011, the company foresees capital investment of around EUR 77m in its plants. Provided that earnings improve as expected, the capital expenditure budget should be raised to EUR 169 million in 2012.
At present, capacity utilization in the company’s most important markets lies between 65% and 74%. Dyckerhoff aims to improve the utilization to at least 85%.
Published under Cement News
