Table of Contents
Structure of cement section ....................................................3
Ciments Francais outperforms in Q2......................................4
Geographical breakdown of companies’ earnings................7
Outlook for cement volumes ...................................................8
Planned new capacity ............................................................33
Trading ....................................................................................47
Costs .......................................................................................53
Prices.......................................................................................71
Individual companies’ profitability........................................77
Corporate activity...................................................................82
Ratio analysis .........................................................................92