Cemex, France posts turnover of €973mn for 2012

The French branch of cement, aggregate and ready-to-pour concrete company 643 Cemex has posted turnover of €973 million, down 2% from 2011. Sales in volume fell 7% for aggregates and 5% for concrete. Though certain large projects like Grand Paris, Canal Seine-Nord and the Tours-Bordeaux high-speed line will boost demand, Cemex said it is unlikely to see big growth in 2013 as French public works as well as investments by businesses and individuals have slowed due to the economy. In 2013, around €16 million will be invested in renovating and replacing production sites as well as modernising aggregate reserves and mobile materials.