Cost cutting pays off for Hanson parent

Cement and building materials group HeidelbergCement , owner of Hanson Building Products and Hanson Cement, is ‘optimistic’ about prospects for the next two years.
The cement firm also increased its target for savings for 2009 to 500m euros ($738m) from 470m euros.

The company lost almost 9000 jobs this year with more likely to follow. Investments were also cut to save money and the group plns to save 500m euros this year.

Marc Gabriel of commercial bank, Bankhaus Lampe in Dusseldorf said the company was ” almost back to pre-crisis levels” in margin terms.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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