 |
|
 |
 |
Premium News Article
Lafarge Plans $1 Billion Investment in Indian Cement Operations
BANGALORE, INDIA--August 11, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Lafarge S.A. (OTC: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 (BOM: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 (BOM:500510) (Mumbai) for $350 million.
Read the Complete Article >>>
Details on this Article:
Industry Segment: Metals & Minerals
Word Count: 577 Words
| Login or Register now for instant access! |
 |
Related Articles
Industrial Info's World Expansion Helps Clients Uncover New Business Opport...

Project Management Excellence Promotes Project Success, by Pathfinder LLC, ...

China's Purchasing Tactics Backfire as India Raises Iron Ore Export Duties

Construction Under Way at $3 Billion Pascua Lama Bi-National Mining Project...

Drought, Power Shortages May Cause Venezuela to Shut Down Metal Production

|
|
 |
 |
|
 |
|
 |


This article is available for Premium Members only.
Subscribe Now! All Fields are Required...
Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361
All Members Receive the Following Free Resources:
North American Project & Gap Spending
North American Plant Analysis by Industry & Market Region
Market Maps & Stats - Capital & Maintenance Activity
Current & Historic Economic Indicators
30/60/90 Day Weather Forecast
|