Holcim performs well in Asia Pacific

A Holcim plant

Holcim Group has performed well in the construction sector in Asia Pacific according to its 2010 first quarter results. Most emerging markets remained on track for growth and it was a mixed picture in the global construction markets during the first quarter of 2010.

The region got off to a flying start at the beginning of the year, with virtually all Group companies increasing their deliveries.

In India, the drive to make progress on infrastructure projects and rural housing boosted demand for building materials. The construction sector also remained on track for growth in Vietnam, the Philippines and Indonesia.

The cement shipments of Holcim Lanka benefited from pre-election government investment and reached double-digit growth rates, the report said. The Group benefited from its strong presence in growth markets and primarily from brisk demand for building materials in Asia. (RK)