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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19<br />
Asia<br />
� China<br />
� India<br />
� Dem<strong>and</strong> resilient, supported by stimulus package<br />
<strong>and</strong> lower interest rates<br />
� End of overheating is favorable<br />
� Uneconomic capacity closures accelerate<br />
� Large dem<strong>and</strong> in Sichuan<br />
� <strong>Lafarge</strong> accelerates its investment program<br />
� Significant over-capacity, mainly focused in <strong>the</strong> Center<br />
<strong>and</strong> <strong>the</strong> North West, mostly l<strong>and</strong>locked<br />
� <strong>Lafarge</strong>, located in <strong>the</strong> East, continues its investment program<br />
� South-East Asia<br />
� Modest growth <strong>and</strong> continued surpluses, similar <strong>to</strong> past downturns