Lafarge S.A.
Lafarge S.A.: Lafarge Boral in Asia (LBGA) to double its capacity in China
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————
PRESS RELEASE
Euronext: LG, NYSE: LR Paris, February 8, 2005
Lafarge Boral Gypsum in Asia (LBGA) to double its capacity in China
Lafarge announces today that Lafarge Boral Gypsum in Asia (LBGA), its
plasterboard joint-venture with Boral, will double its plasterboard
manufacturing capacity in China.
Two new plants will be constructed – as government approvals have been
received -one in Shanghai and one in Chongqing which will complement LBGA’s
existing manufacturing facilities in both cities. The Chongqing plant is
expected to be operational in the third quarter of 2005 and the Shanghai plant
in the first quarter of 2006.
With a total investment of approximately US $30 million Lafarge Boral Gypsum
in Asia will double its production capacity from around 35 million square
metres of plasterboard per annum to more than 70 million square metres to keep
up with a sustained market growth in China of more than 15% p.a. in the last
5 years.
Isidoro Miranda, Executive Vice President of Lafarge Group, and Chairman of
the Board of LBGA, said:
“This new development in China is an important step in our Asian plasterboard
joint venture’s growth strategy. These new plants, in the high growth markets
of Shanghai and Chongqing, will allow us to build on our leadership position
in Eastern China, as well as to increase our penetration of the fast
developing markets of Central China. Our modern and high quality plasterboard
solutions, respectful of the environment, are essential to our long term
growth. Furthermore we expect this investment to create value rapidly.”
Notes to Editors:
1. Lafarge Gypsum first started its activities in Shanghai in 1996. Lafarge
Boral Gypsum in Asia (LBGA) is a 50/50 plasterboard joint venture between the
Australian based building materials Boral Australia Ltd and the French based
Lafarge Group. Since its establishment in June 2000, LBGA has grown its
position as the largest producer and supplier of gypsum plasterboard and
related products in Asia (excluding Japan). LBGA operates in China, Korea,
Indonesia, Thailand and Malaysia, exporting to many countries in the Asia
Pacific region.
2. Lafarge Group has about 2400 employees in China, where it started its
activities in 1994 through a JV in cement. All four of the Group’s Divisions
are present in the country.
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 75,000 people in 75 countries. In 2004, the Group
posted sales of EUR14.4 billion.
Further 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
James Palmer: 33-1 44-34-11-26 james.palmer@lafarge.com
Amanda Jones: 33-1 44-34-19-47 amanda.jones@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 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 message, (c)DGAP 08.02.2005
——————————————————————————
WKN: 850646; ISIN: FR0000120537; Index:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, Frankfurt, Hamburg, München
und Stuttgart
081500 Feb 05
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden