The Lafarge group turnover rose by an underlying 1.9% to EUR 2,945m in the first three months of the year, with the contribution from cement being 2.1% higher at EUR 1550m. Including sales to the downstream operations, that represents a gross 52.6% of the total. Cement shipments in the period amounted to 24.1Mt, an underlying decline of 4.1% and some 2% below the level of the corresponding period last year.
European cement deliveries declined by 0.5Mt to 7.9Mt, with western Europe showing a 4% reduction 6.6Mt and eastern Europe showing a 13% drop to 1.3Mt, while the external European cement turnover was 4.0% lower at €531m, with a further €50m going into the downstream businesses. Some of the countries worst affected by the weather effects were Germany, where domestic deliveries fell by 37.0%, and Serbia with a 30.4% decline, while the 25.1% volume reduction in Poland also reflects high shipments in the early part of last year to beat the VAT increase. A 15.2% drop in Greece follows the end of the Olympic boom. Domestic deliveries in the United Kingdome were down by 10.9% and in France by 4.5%. Spain, which was unaffected by the bad weather in much of the rest of Europe saw volumes increase. Further east, domestic deliveries rose by 17.1% in Romania and by around 5% in the Ukraine.
Mississippi Lime Co withdraws from Bío Bío acquisition
USA-based Mississippi Lime Co has stepped back from purchasing a stake in Chilean cement produce...