Strong growth for cement giant Italcementi

17 March 2015

Italcementi Group’s expected stronger growth of 2-3% in 2015 will support its plans to expand to African countries such as Mozambique, Ghana and Tanzania, CEO Carlo Pesenti said last week.

This year, Pesenti said the areas in which the group operated would see a recovery in North America and Asia, growth in the volume of demand in Egypt, and relative demand stability in Mediterranean Europe, although the market would weaken in France.

The chief executive said he saw Asia, including Thailand and India, plus Africa as areas of great potential, as emerging growth required more investment in infrastructure development.

In addition to boosting industrial efficiency, the group has strengthened its focus on innovative materials and services with high added value.

By Petchanet Pratruangkrai

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