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Cement maker LafargeHolcim cuts investment

2020-03-27T21:24:48.373Z


The Swiss group has suspended its forecasts for 2020 without giving any new ones.


The global coronavirus pandemic is forcing cement manufacturer LafargeHolcim to take a series of measures to keep up with the shock. The giant, born of the merger of the Swiss Holcim and the French Lafarge in 2015, undoubtedly hoped to do better than others. Today he admits to being disturbed in different countries "while the construction sector and construction sites are generally more resilient than other sectors," he said in a press release.

Read also: Jobs, orders, production: the construction industry worries about its future

Analysts are less surprised by the announcement, with those of UBS saying in a note on Friday that "it should not be a big surprise given the measures taken by governments around the world to slow the spread of the virus . " The group specifies that activity is returning to China, and expects volumes in April representing 70% of those achieved in the same period in 2019. "In most of the other key markets, the construction sector is disrupted and we

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Source: lefigaro

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