Lafarge Romania reports higher profits

Lafarge Romania reports higher profits
Published: 12 June 2006

Lafarge Cement Romania, the local subsidiary of the French group Lafarge, reported a profit of approximately Euro 55m last year.  The 2005 turnover recorded by Lafarge Cement stood at some Euro 175m, up by about 22 per cent over 2004. The company is Romania’s sole cement exporter, with about a third of sales directed to foreign markets. 
 
The company’s managing director Philipe Questiaux predicts a growth in turnover this year of about 5 per cent at the pace of the constructions market. According to Questiaux, the construction market follows an upward trend which will see the climax over 2001-2014, provided Romania’s general economic growth stands at around or over 4 per cent a year. 
 
The other big competitors on the local markets of cement, concrete and aggregates - Holcim Romania and HeidelbergCement - posted a net profit of Euro 33m and Euro 35m respectively.