Mihai Rohan, president of Carpatcement Holding, local subsidiaryof German group HeidelbergCement, says the cement market willreturn to growth as late as in 2012, spurred by a rebound ofinfrastructure works and of lending.
On the deepening in the first half of the year, CarpatcementHolding revised its turnover forecast down 20% for 2010, to 707million RON (around 168 million euros), considering the sales trendrecorded in the first six months. Rohan originally anticipated a5-10% turnover decline, relying on a consumption rebound in thesecond half of the year, no longer possible under the currentcircumstances.
"Turnover estimates have been revised now, six months into theyear, based on the results recorded in the first half (20% lowerthan originally expected). As for the coming period, we expect tomaintain the current level of sales until the end of 2010,"explains Rohan.
However, Carpatcement Holding representatives say the sales trendin the first six months of the year was better than in the firsthalf of 2009.
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