March 27, 2006 17:01 ET

St. Lawrence Cement Group Announces The Settlement of Two State Court Cases in Camden, New Jersey

MOUNT ROYAL, QUEBEC--(CCNMatthews - March 27, 2006) - St. Lawrence Cement Group (SLCG) (TSX:ST.SV.A) is pleased to announce the settlement of two New Jersey state court cases involving the company's GranCem™ grinding facility in Camden, New Jersey. The cases centered on claims by local residents, primarily in the Terraces neighborhood, about alleged nuisances of the SLCG facility and other local industrial operations.

"We are pleased that these litigations are now resolved and look forward to maintaining sound relationships with the Camden community," stated Mike Davis, Senior Vice President, U.S. Division.

The plant will continue its community outreach activities in Camden, through its For Camden Today Program that supports youth enrichment programs and health services while For Camden Tomorrow offers internship opportunities for students and educational assistance.

The settlement will have no impact on St. Lawrence Cement Group 2006 financial results since a provision has already been made in 2005.

There is still a pending Federal Court litigation, filed by a citizen based group and several individual Camden residents, seeking to invalidate St. Lawrence Cement's air permit and alleging nuisance related claims.

The Camden plant started operations in the second quarter of 2001. The facility which employs 22 people manufactures GranCem™, a substitute to cement. St. Lawrence Cement Group is a leading producer and supplier of products and services for the construction industry, namely cement, concrete, aggregates and construction. The company operates in Canada and on the eastern seaboard of the United States, and employs a total of 3,200 people.

Contact Information

  • St. Lawrence Cement Group Inc.
    Nicole Jarry
    Director, Corporate Communications
    (514) 340-1555, ext. 206