Austrian cement industry hit by pressure on prices

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Austria: Price pressure is becoming an ever-greater problem for the cement industry in Austria, according to the head of an industry group.

"In 2012 the volume of sales remained the same, but revenues dropped substantially", the chairman of the management of the Association of Austrian Cement Industry (VÖZ), Rudolf Zrost, said on Tuesday.

Cement sales in 2012 remained almost unchanged at 4.46Mt, compared to 4.43Mt in 2011. However, revenues slumped by 4.7% to Euro375m.

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