21.08.2015 12:10:00
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LafargeHolcim Ltd -- Moody's: Indonesian cement market oversupply to erode European cement companies' profit margins
Frankfurt am Main, August 21, 2015 -- European cement manufacturers face more aggressive pricing and lower profit margins via Indonesian subsidiaries, owing to oversupply in the country's cement market, says Moody's Investors Service in a recently published report. However, the current capacity ramp-up should stabilise and expected consumption growth should restore supply-demand balance in 2017-18.