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LafargeHolcim Sees Promise for Cement Growth in Emerging Markets

  • India, Indonesia, Philippines help offset slowdown in China
  • Post-merger asset sales in India expected in 3-4 months

LafargeHolcim Ltd., the world’s biggest cement producer, is confident that a rally will continue in emerging markets this year even as others see raw materials from oil to iron ore faltering.

Higher cement buying in countries such as India, Indonesia, the Philippines and Vietnam is offsetting slower growth in China, leaving LafargeHolcim Chief Executive Officer Eric Olsen optimistic about continued expansion in markets that represent about 55 percent of his company’s footprint.