Lafarge facing stiff competition and higher costs, says Maybank IB Research

Lafarge is to supply concrete for the proposed Refinery and Petrochemicals Integrated Development (Rapid) project and other Petronas-related projects at Pengerang, Johor under Package 21D.

KUALA LUMPUR : Lafarge Malaysia's Bhd weaker first quarter earnings was reflective of the stiff competition and higher costs faced by players in the building materials segment, said Maybank IB Research.