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| Lafarge to sell its half stake in Egypt's Lafarge-Titan The world's largest cement firm Lafarge announced the sale of its 50% stake in Lafarge Titan in Egypt to its joint venture partner Titan, for 330 million euros (including debt of around 20 million euros). Lafarge Titan Egypt was created in 1999 as a 50/50 joint venture between Lafarge and the Greek group Titan, and owns two cement plants in Egypt - in Alexandria and Beni Suef - with a total capacity of 3.1 million tonnes. Since the acquisition of Orascom Cement, Lafarge is present in Egypt through the control of Egyptian Cement Company, which has a plant with a capacity of 10 million tons. Lafarge also operates 11 readymix concrete plants and 3 aggregates quarries in the country. write your comments about the article :: © 2008 Construction News :: home page |