Lafarge S.A.
Lafarge to invest USD40 million to double the capacity of its Chongqing …
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Lafarge to invest USD40 million to double the capacity of its Chongqing
cement plant in China by 2005
Lafarge has today announced its decision to build a second production line at
its cement plant in Chongqing, an autonomous city in South-Western China with a
population of 30 million, to meet the very strong growth in the local cement
market.
This USD40 million investment will increase the plant’s existing cement capacity
of 800,000 tonnes p.a. by one million tonnes.
The experience gained by Lafarge in China since 1994 has paved the way for this
type of extension, which is to be carried out entirely with Chinese partners and
equipment.
The production is scheduled to start on the second half of 2005.
Lafarge acquired a 71% stake in Chongqing for USD30 million in June 2003.
“This investment is a perfect illustration of the expansion strategy we are
pursuing in China. Since we have been there for almost 10 years, our teams have
now acquired significant experience and expertise, enabling us to expand
rapidly, while controlling costs. This guarantees our ability to meet our
investment return criteria in what is a very competitive market” commented
Bernard Kasriel, the Group’s Chief Executive Officer.
With 2,700 employees in China, the group now operates in all its business
segments and has 13 industrial facilities, including four cement plants with
capacity totalling 3.8 million tonnes prior to the Chongqing extension.
Lafarge, the world leader in building materials, holds top-ranking positions in
all four of its Divisions:
Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge employs 77,000
people in 75 countries and posted sales of EUR14.6 billion in 2002. Additional
information is available on the web site at http://www.lafarge.com .
end of ad-hoc-announcement (c)DGAP 08.01.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
PRESS CONTACTS:
Véronique Doux: 33-1 44-34-19-47
veronique.doux@lafarge.com
Brunswick
Stéphanie Tessier 33-1 53-96-83-79
stessier@brunswickgroup.com
INVESTOR RELATIONS:
James Palmer: 33-1 44-34-11-26
james.palmer@lafarge.com
Danièle Daouphars: 33-1 44-34-11-51
daniele.daouphars@lafarge.com
Statements made in this press release that are not historical facts are forward-
looking statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
(“Factors”), which are difficult to predict. Some of the Factors that
could cause actual results to differ materially from those expressed in the
forward-looking statements include, but are not limited to: the cyclical nature
of the Company’s business; national and regional economic conditions in the
countries in which the Group does business; currency fluctuations; seasonal
nature of the Company’s operations; levels of construction spending in major
markets; supply/demand structure of the industry; competition from new or
existing competitors; unfavorable weather conditions during peak construction
periods; changes in and implementation of environmental and other governmental
regulations; our ability to successfully identify, complete and efficiently
integrate acquisitions; our ability to successfully penetrate new markets;
and other Factors disclosed in the Company’s public filings with the French
Commission des Opérations de Bourse and the US Securities and Exchange
Commission including its Reference Document COB number D03-0375 as updated on
June 5, 2003 and November 17, 2003 and annual report on Form 20-F. In general,
the Company is subject to the risks and uncertainties of the construction
industry and of doing business throughout the world. The forward-looking
statements are made as of this date and the Company undertakes no obligation to
update them, whether as a result of new information, future events or otherwise.
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WKN: 850646; ISIN: FR0000120537; Index:
Listed: Amtlicher Handel in Düsseldorf und Frankfurt (General Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
081009 Jän 04
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