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| Lafarge strengthens its presence in China Lafarge Shui On Cement, the joint venture between Lafarge and SOCAM created on 11 August 2005, announces the acquisition of 100% shares of the Shuangma Investment Group in Sichuan Province for around US$38 million. The total investment for Lafarge Shui On Cement would amount to around US$160 million. Through this acquisition, Lafarge Shui On Cement is strengthening its positions in Chengdu, the capital of Sichuan, which is already supplied by the Dujiangyan Lafarge cement plant whose production capacity is currently being doubled to 2.8 million tonnes in 2006. Shuangma acquisition also provides two complementary positions in Sichuan: a cement plant in the north of the province near Mianyang, and two plants in the south near Yibin. write your comments about the article :: © 2005 Construction News :: home page |