Global building solutions company Cemex has said that it expects its fourth-quarter profit rise to 18 per cent from the same period last year.

The company projects growth of about 13 per cent in 2008 despite poor sales in the US market.

The Monterrey-based company said in a guidance report that earnings before interest, taxes, depreciation and amortization, or EBITDA, should rise to $1.1 billion.

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Cemex said it expects sales to total about $5.8 billion for the quarter, an increase of about 30 per cent compared with the same period a year ago.

Cemex takeover of Australia's Rinker Group Ltd for $15.3 billion in the summer has contributed to its sales increase.

In the UK, CEMEX also provides asphalt, roof tiles, concrete block solutions and railway sleepers. The company generates over £1 billion in annual sales and has a UK supply network with over 500 locations.

(DS/JM)