(Repeats story to add PIX tag)
* August was strong month - CEO
* UK will do better out of EU - CEO
* Trump would unsettle economy - CEO
STUTTGART, Germany, Sept 30 Germany's
HeidelbergCement is seeing strong business in the UK
and is more worried about the economic effects if Donald Trump
wins the U.S. presidential election than it is about Brexit, its
chief executive said on Friday.
Britain is the company's second biggest market and CEO Bernd
Scheifele told Reuters he even sees potential benefits from the
country's June 23 vote to leave the European Union.
"August was still a strong month for us," Scheifele said
when asked whether his view had changed since July, when he
shrugged off the vote result, and said demand had been high
since the appointment of Theresa May as prime minister.
"May is more focused on infrastructure spending," Scheifele
said on the sidelines of a speaking engagement in the German
city of Stuttgart. "I believe the UK will do better out of the
EU than in it."
Analysts had at first expected Brexit to hurt the earnings
of building materials makers like HeidelbergCement, which makes
concrete and cement and is the world's No.1 supplier of
construction aggregate, which covers a broad range of materials
used in construction including sand, gravel and slag.
HeidelbergCement's shares took a hit after the June vote.
But UK infrastructure funds have since been hitting record
highs on the prospect of more government spending after the
vote, bolstered by the view that the effectiveness of
ultra-loose monetary policy is reaching its limits.
Earlier, Scheifele expressed concern about the upcoming
presidential election in the United States, HeidelbergCement's
biggest market, and the prospect of maverick Republican
candidate Donald Trump's being elected.
"The U.S. elections are very important for us. Trump would
be a ticket to an unknown destination and would clearly unsettle
the economy, and therefore I fear that business would
significantly pull back on investments," he said.
"With Hillary Clinton, you know where you are."
(Reporting by Georgina Prodhan; editing by Christoph Steitz and