SOURCE: Industrial Info Resources

August 11, 2008 05:00 ET

Lafarge Plans $1 Billion Investment in Indian Cement Operations, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - August 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Lafarge S.A. (PINKSHEETS:LFRGY) (Paris, France), the world's second largest cement manufacturer, has announced plans to invest $1 billion in India over the next five years to ramp up its cement production capacity in the country to 20 million tons per year. The company plans to set up three manufacturing facilities, each with a capacity of 2.5 million tons per year, and will also expand its three existing plants to achieve a total capacity of 12 million tons per year. Lafarge forayed into the Indian market in 1999 with the acquisition of the cement business of Tata Steel Limited (BOMBAY: 500470) (Mumbai). In 2001, it acquired cement units from Raymond India (Mumbai). In May this year, Lafarge acquired L&T Concrete, the concrete unit of Larsen & Toubro Limited (BOMBAY: 500510) (Mumbai) for $350 million.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136812, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Related News Articles

Indian Power, Cement and Steel Majors Scout for Overseas Coal Acquisitions

India's Tungabhadra Minerals Plans $6.25 Billion Kamataka Steel Plant

Siam Cement Backing $3.77 Billion Petrochemical Complex in Vietnam

Contact Information

  • Contact:

    Joe Govreau
    713-783-5147