Lafarge's business in India is now expanding, and Martin Kriegner, CEO of Lafarge India, said in an interview recently that the Indian construction market is expected to recover gradually from the recession. He mentioned that the potential of India's construction market is huge, especially in urban infrastructure construction. Lafarge has set up a laboratory in India to promote innovation and develop building products closer to the market, focusing on India's booming second-tier cities.
When it comes to the consolidation of India's cement industry, Martin Kriegner believes that it is difficult to predict, but from the current situation, the consolidation of the cement market is imperative. The problems brought about by the joining of some new enterprises and the withdrawal of old enterprises are bound to be improved through industry integration. Referring to whether the group will consider a series of mergers and acquisitions in India, Martin Kriegner said that the group will expand its strategic deployment in India and expand new businesses in cement, concrete and aggregates.
India has become one of Lafarge's most important markets in the world. According to a research report released by the Global Construction Market Outlook and Oxford Economics, India will become the third largest construction market in the world by 2025, with 11.5 million new residential buildings added annually, bringing trillions of dollars in economic benefits annually. Martin Kriegner said that the group's business in the Indian construction market is now very successful, and India has become one of the group's top ten markets in the world. Looking ahead, Lafarge has higher goals. The growth rate of some of the top ten markets in the world has lagged behind that of India. The Group will also strengthen its cement and concrete business in other regions except India.
浙公网安备33010802003254号