Lafarge is pursuing its strategy of internal growth in high-potential markets with a new production line in its Otalavo cement plant, in the province of Imbabura, 110 km north of the capital city Quito.
Inaugurated on May 14th by Mr. Bruno Lafont, Chairman and CEO of Lafarge, with Mr. Xavier Abad, Minister of Industry, the extension of the Otavalo cement plant was carried out in a record time of 18 months.
It represents an investment of US$ 120M and doubles the cement production capacity of Lafarge in Ecuador, which now reaches 1.6 million tonnes per year. The new production line is operational since the beginning of the year. It is equipped with the latest technology and meets the Group's most stringent international standards for quality and environmental protection.
Located in an altitude of 2800 meters, this cement plant is the highest of the Group and supplies one of the country's most dynamic regions. The extension will meet the demand for cement on the Ecuadorian market, which has been strong for several years.
Lafarge in Ecuador
Lafarge operates in the Ecuadorian market since the end of 2004 following the acquisition of Cementos Selva. The Group owns a cement plant with a capacity of 1.6 MT per year, located in Otavalo in the Imbabura province. Lafarge employs 300 people.
Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With more than 84,000 employees in 79 countries, Lafarge posted sales of Euros 19 billion in 2008.
In 2009 and for the fifth year in a row, Lafarge was listed in the ‘Global 100 Most Sustainable Corporations in the World'. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.