Holcim Romania is the only cement company with decreasing profit, amid a local cement market advance of 32 percent last year. Competitors Carpatcement Holding and Lafarge Ciment announced 70 percent and 59 percent higher net results, respectively.
“This drop is due to a more rapid rise in operational expenditures compared to sales, but also excessive devaluations of the national currency to the euro, which generated a financial loss from foreign exchange rate differences in euro debt,” shows a company release.
The company’s turnover rose 18 percent last year, while expenditures advanced 34 percent. Holcim plans to invest €135 million to modernize its production units, building new cement stations and expanding its truck fleet.
