Holcim sees return to growth in 2010

Holcim sees return to growth in 2010
Published: 06 October 2009

Holcim expects to return to growth next year, helped by developing markets, its chief executive was quoted as saying in an interview published on Saturday.

Holcim’s second quarter net profit fell 35 percent and sales were down 20 percent but it said in August that government stimulus packages would boost the construction industry next year.

"Yes, overall we should grow again," Markus Akermann told Swiss newspaper Finanz und Wirtschaft when asked about a recovery in 2010, adding the business was performing best in emerging markets in Asia, Latin America, Africa and the Middle East.

Source: Reuters