Holcim ready for acquisitions, sizes up emerging markets

Holcim ready for acquisitions, sizes up emerging markets
Published: 14 September 2010

Holcim Ltd is looking for acquisitions, particularly in emerging markets, Chief Executive Markus Akermann said Tuesday.

"For the right price we are ready to mobilize the funds to do substantial acquisitions to strengthen our position in strategic markets," Akermann said in documents published at a Holcim presentation for investors.

One focus is Brazil, where Holcim is falling behind rivals such as Votorantim and Lafarge is in terms of installed cement capacity.

"We are exploring all options [in that market]," Akermann said.