Dyckerhoff, in which Buzzi Unicem now controls 91.2 per cent of the voting shares and 76.7 per cent of the total equity, generated a turnover of €1,199m, underlying increase of around five per cent but 9.2 per cent lower in actual terms because of disposals and exchange rate movements. Overall capital expenditure was some €35m lower at €74m. In Germany, the turnover was 6.2 per cent lower at €502m reflecting disposals and lower construction activity that was partially offset by a €12 to €13 increase achieved in the average price for cement per tonne. In Luxembourg turnover rose by 8.9 per cent to €135m, with cement deliveries marginally higher. Against a stable market in Luxembourg and a continued difficult market for the Dutch associate, German cement demand is forecast to fall by a further four per cent in 2005. However, the pricing improvement is still largely on course, with a €9.50 per tonne increase being implemented from January. Published under Cement News
Dyckerhoff, in which Buzzi Unicem now controls 91.2 per cent of the voting shares and 76.7 per cent of the total equity, generated a turnover of €1,199m, underlying increase of around five per cent but 9.2 per cent lower in actual terms because of disposals and exchange rate movements. Overall capital expenditure was some €35m lower at €74m. In Germany, the turnover was 6.2 per cent lower at €502m reflecting disposals and lower construction activity that was partially offset by a €12 to €13 increase achieved in the average price for cement per tonne. In Luxembourg turnover rose by 8.9 per cent to €135m, with cement deliveries marginally higher. Against a stable market in Luxembourg and a continued difficult market for the Dutch associate, German cement demand is forecast to fall by a further four per cent in 2005. However, the pricing improvement is still largely on course, with a €9.50 per tonne increase being implemented from January. Published under Cement News
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