Lafarge S.A.
LAFARGE CONFIRMS ITS LONG-TERM COMMITMENT TO ACEH, INDONESIA
Corporate-news processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Euronext: LG, NYSE: LR Paris, July 7, 2005
LAFARGE CONFIRMS ITS LONG-TERM COMMITMENT TO ACEH, INDONESIA
– Investment up to 90 million US dollars to rebuild the plant
– Launch of a program to rebuild 500 homes
Bernard Kasriel, Lafarge’s’ Chief Executive Officer, announced today to invest
$ 90 million to rebuild the plant in Aceh, Northern Sumatra, Indonesia,
providing the final reconstruction costs are in line with those detailed
estimates. This plant was destroyed during the tsunami on December 26, 2004.
The new plant will be equipped with state-of-the-art technological standards
and have a production capacity of approximately 1.6 million tonnes. It is
expected to be operational by mid-2007. It will help economic recovery in the
island’s northern regions which greatly suffered after the tsunami, as part of
the Group’s aid plan for its employees, sub-contractors, and local
communities.
“We have long been present in Indonesia, and today, beyond from the emergency
situation, we would like to support affected populations and help contribute
to economic development in this country, which is very needy in terms of
reconstruction,” explained Bernard Kasriel, on site, on July 7, 2005.
Today, at the port of Lhoknga, Bernard Kasriel will launch a floating terminal
used to unload cement imported by Lafarge from its Malaysian subsidiary to
meet the high demand for cement in the region of Banda Aceh. This terminal
will allow the delivery of up to 1,600 tons of cement daily until the plant’s
activity starts back up.
The Lafarge Group has also launched a program to rebuild 500 homes, a school,
and a mosque in Lamkruet, a nearby village about a mile away from the factory.
Lamkruet was almost entirely destroyed by the tsunami. The first group of 275
houses should be completed by summer 2006, for a total of approximately $2
million. Lafarge will allocate its own funds to finance this operation, also
using donations from Group employees throughout the world, and from other
partners who offered their help for disaster recovery.
Each house will comply with government blueprints, complete with running water
and electricity, and will include a bathroom, a bedroom, a living room, a
kitchen, and a patio (see below). This reconstruction program is overseen by
Lafarge in partnership with a local NGO, Dompet Dhuafa Republika, which
handles relations with local communities, Habitat for Humanity, an
international NGO specialized in providing housing for the underprivileged and
Atlas Logistique, which has a high level of expertise in construction site
management.
In parallel to this housing reconstruction program for tsunami victims,
Lafarge has already renovated several mosques and schools in the province of
Aceh, with the added service of mobile medical assistance across the area.
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
EUR14.4 billion in 2004. Additional information is available on the web site
at http://www.lafarge.com .
COMMUNICATIONS: INVESTOR RELATIONS:
Stéphanie Tessier: 33-1 44-34-92-32 James Palmer: 33-1 44-34-92-93
stephanie.tessier@lafarge.com james.palmer@lafarge.com
Amanda Jones: 33-1 44-34-19-47 Danièle Daouphars: 33-1 44-34-92-93
amanda.jones@lafarge.com 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 Autorité des Marchés Financiers and the US Securities and Exchange
Commission including its Reference Document 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.
End of announcement (c)DGAP 07.07.2005
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WKN: 850646; ISIN: FR0000120537; Index:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, Frankfurt, Hamburg, München
und Stuttgart
071120 Jul 05
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