The partnership with important local investors provides a strong basis for future growth. Holcim has a call option agreement to increase its stake in NCF after the first full year of production.
This will provide Holcim with a strong import position in the UAE, one of the fastest growing markets in the Middle East region. Abu Dhabi, an oil-rich Emirate and capital of the UAE, is expected to show the fastest growth in cement consumption in the coming years. The grinding station has direct access to the sea and is an excellent addition to Holcim's network across the Indian Ocean.
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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, sand and gravel) as well as downstream activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents.
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This media release is also available in German.
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Corporate Communications: Tel. +41 58 858 87 10
Investor Relations: Tel. +41 58 858 87 87
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Internet: www.holcim.com
