Holcim AG’s CEO states labor shortages are stalling the recovery of the European construction market. These workforce gaps are creating opportunities for Asian contractors to win regional projects.
Chinese firms are securing major industrial contracts by offering integrated equipment supply and installation packages. This model allows them to mobilize at a scale and speed that local firms cannot match.
The CEO noted that European companies have lost competitiveness in several markets due to these labor challenges.
Holcim hired a Chinese contractor to overhaul its cement plant in Obourg, Belgium. The project will modernize the facility to achieve near-zero emissions.