Euronext: LG, NYSE: LR
Lafarge today announces its decision to build a large new cement plant at Alsindi in the attractive Northern Indian market, following the approval granted by the state government of Himachal Pradesh.
The plant, expected to be completed in 2010, will be designed to produce 3 million tons of cement per year, representing a total investment of approximately 160 million euros.
With this greenfield plant, Lafarge will enter a new fast-growing regional market in India and significantly increase its cement capacity from 5.5 million to 8.5 million tons.
This expansion demonstrates Lafarge's ongoing commitment to the Indian market, one of the world's largest and most promising cement markets and its long-standing commitment to sustainable development, with state of the art environmental standards.
Note to Editors:
- Lafarge entered the Indian market in 1999, with the acquisition of the cement business of Tata Steel. This acquisition was followed by the purchase of the Raymond Cement facility in 2001. Lafarge currently has three cement plants in India: two plants in the state of Chhattisgarh and a grinding station in Jharkhand. Total cement production capacity in the Indian market currently stands at around 5.5 million tons. Lafarge is also present in India through its roofing business, with a clay tile plant in Calicut (Kerala) and a concrete tile plant in Bangalore (Kamatala).
- Lafarge is the world leader in building materials, with top-ranking positions in all four of its businesses: Cement, Aggregates & Concrete, Roofing and Gypsum. With 80,000 employees in 76 countries, Lafarge posted sales of Euros 16 billion in 2005.
Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. Lafarge is the only company in the construction materials sector to be listed in the 2006 ‘100 Global Most Sustainable Corporations in the World'. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.
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