Presentation to the analysts and investors - Lafarge
Presentation to the analysts and investors - Lafarge
Presentation to the analysts and investors - Lafarge
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10<br />
Summary<br />
� Macroeconomic forces, primarily financing constraints, are<br />
creating significant business uncertainties across our industry.<br />
As a result, most producers are curtailing current production<br />
<strong>and</strong> slowing cement capacity additions around <strong>the</strong> world<br />
� Most markets should still show increases in cement consumption<br />
in 2009 <strong>and</strong> 2010<br />
� There might be some local supply-dem<strong>and</strong> imbalances, depending<br />
on <strong>the</strong> speed of implementation of <strong>the</strong> economic stimulus<br />
packages already announced by most governments <strong>and</strong> on <strong>the</strong><br />
ability of <strong>the</strong> cement industry <strong>to</strong> adjust production <strong>to</strong> dem<strong>and</strong><br />
� The cement industry already experienced such local imbalances in<br />
<strong>the</strong> past, without <strong>Lafarge</strong> being severely hurt. The size <strong>and</strong><br />
geographical spread of our portfolio of assets as well as our<br />
successful cement / ReadyMix product differentiation policy of <strong>the</strong><br />
last years should give <strong>Lafarge</strong> enough flexibility <strong>to</strong> mitigate <strong>the</strong><br />
impacts of <strong>the</strong>se potential local imbalances on our earnings