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Europe & CIS - 04 November 2011

ABB updates its 5-year strategy

ABB expects to grow faster than its markets over the period 2011 to 2015 by focusing on sectors where its combined power and automation portfolio offers competitive advantages.

 

Lafarge Q3 profit falls

Lafarge has announced plans for a €500 million cost saving programme, as it posts a 9% drop in third quarter profit to €750 million. The group has also announced the closing of the sale of its European and South American gypsum assets to Etex Group.