Full-year cement sales set to decline, says Holcim (Indonesia)

Full-year cement sales set to decline, says Holcim (Indonesia)
Published: 20 December 2006

High interest rates in the early months of the year have taken their toll on the cement industry, with full-year domestic sales set to decline on lower demand, a top industry player predicts.

"This year has been an extraordinarily tough one for our industry," said Tim Mackay, president director of PT Holcim Indonesia during a company briefing Tuesday.