Lafarge Aluminates, a Business Line of the Lafarge Group, has announced the creation of a wholly-owned subsidiary called Lafarge Aluminates China, which will invest more than USD 25 million (EUR 22 million) in an aluminates plant in China.
The plant, which will be located in the Tianjin Economic and Technological Development Area (TEDA), is expected to come on stream in 2001 to supply high-quality aluminate products to the Asian market. It will be equipped with advanced technology and incorporate all of Lafarge's extensive safety and environmental protection expertise.
Lafarge's production base in China is comprised of a cement plant located 50 kilometers from Beijing, a concrete facility in Beijing, a wallboard facility in Shanghai, and three concrete roofing tile units in Guangdong, Zhejiang and Beijing. It is also involved in aggregates production near Beijing as part of a joint venture agreement.
The new aluminates facility means that all five of Lafarge's Divisions (Cement, Aggregates and Concrete, Roofing, Gypsum, and Specialty Products) are now present in the Chinese market.
Active in 65 countries, Lafarge employs nearly 65,000 people generating sales of nearly FRF 65 billion francs (nearly EUR 10 billion).
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