|
|
Article: Swiss giant has a Middle East heritage. ("Holderbank" Zement und Beton)(MEED Special Report: Construction)(Company Profile)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- October 6, 1995
- Author:
CopyrightCOPYRIGHT 1995 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
AS previously state-dominated economies embrace the free market, international companies are lining up to extend their global reach. Switzerland's Holderbank can comfortably claim to be way ahead of the competition in this regard. With a market capitalisation of $4,922 million and a turnover of more than $7,604 million in 1994, Holderbank is the world's largest cement producer. The company is active in 35 countries on five continents and about a third of its portfolio of companies is in the developing world.
In the Middle East, Holderbank has majority stakes in cement plants in Morocco and Lebanon, and UMAR, its specialised trading company, has floating terminals in ...