Mar 11, 2009
Aveng reports solid growth, but warns of steel market declineBack
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Jardine said the group had R4,2-billion worth of contracts cancelled over the last few months, mostly in the struggling commodities market in Southern Africa and Australia, but that this had already been reflected in the order book.
He noted that while the tightening global economic environment had affected its target markets, “the group’s diversified capability across the construction and engineering sector has muted the effects of slower demand”.
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