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| Holcim reports successful start to 2006 Holcim, one of the world's leading suppliers of cement and aggregates, said its sales and quantities delivered rose in all segments. Consolidated net sales improved by 69.5 percent to CHF 4.628 billion. Operating EBITDA grew by 52.1 percent to CHF 1.001 billion. The group achieved net income of CHF 273 million, which represents an increase of 69.6 percent. Sustained solid internal growth and the newly consolidated companies in the UK, the USA and India were responsible for this result. In the first quarter of 2006, Holcim maintained its consistent focus on its global growth strategy by embarking on two important steps in its expansion. Thanks to the outstanding strategic partnership in India, Holcim was able to acquire a substantial stake in Gujarat Ambuja Cements from the founder families at the beginning of the year. Parallel to the developments in India, Holcim has been given the opportunity to acquire a majority shareholding in Huaxin Cement in China. The Board of Directors and Executive Committee expect a further improvement in results in the current financial year. Internal operating EBITDA growth will be once again above the long-term average of 5 percent. write your comments about the article :: © 2006 Construction News :: home page |