Lafarge S.A.
Lafarge S.A.: Expansion of Silver Grove Gypsum drywall plant
Corporate-news 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, November 7, 2005
LAFARGE ANNOUNCES THE EXPANSION OF SILVER GROVE GYPSUM DRYWALL PLANT,
KENTUCKY, USA
Lafarge, the world leader in building materials, will invest approximately
$120 million to expand the capacity of its state-of-the-art gypsum drywall
manufacturing facility in Silver Grove, Kentucky. The new gypsum wallboard
line will increase the annual capacity of the plant from 900 million square
feet to 1,600 million square feet.
The expanded facility will meet the growing demands of Lafarge’s customers in
the north central region of the U.S. and southern Ontario by increasing the
supply and range of products available in these markets. This investment
reinforces Lafarge as a high quality and low cost producer in the market it
serves.
Construction is expected to begin during the first half of 2006 and scheduled
to be completed in the second quarter of 2007. Built in 2000, the Silver
Grove plant serves a market encompassing 14 states and representing nearly 10
billion square feet of annual demand.
In November 2004, Lafarge also announced that it was investing $75 million to
double the capacity of its gypsum drywall manufacturing facility in Buchanan,
New York State. By mid-2006, the Buchanan plant will therefore totalize 650
million square feet annual capacity. This Buchanan extension is included in
the overall 300 million EUR, announced in June 2005, to increase, over the
next two years, Lafarge gypsum production capacity worldwide by more than 20%
(Great-Britain, China, South Korea, Turkey, Romania, etc.).
All in all, Lafarge gypsum activity is committed to the ongoing construction
of 2,900 million square feet additional annual production capacity in order to
accompany the growth of its markets.
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 stephanie.tessier@lafarge.com
Yvon Brindamour: 33-1 44-34-92-93 yvon.brindamour@lafarge.com
Amanda Jones: 33-1 44-34-19-47 amanda.jones@lafarge.com
Danièle Daouphars: 33-1 44-34-92-93 daniele.daouphars@lafarge.com
Statements made in this press release that are not historical facts, including
the planned capital expenditures and expansion of production capacity in the
Gypsum business 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 07.11.2005
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WKN: 850646; ISIN: FR0000120537; Index:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, Frankfurt, Hamburg, München
und Stuttgart
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