Lafarge

Lafarge Shui On Cement, the Hong Kong-based Chinese joint venture between Lafarge and Shui On Construction & Materials, suffered from rising costs and increased competition in many of its markets and the net attributable profit fell by 66.3% to HK$105m (US$13.5m) last year. The joint venture has been losing market share in central and western China. There have been reports of Shui On Construction & Materials considering divesting of its interest in the joint venture.

Lafarge Zimbabwe is investing US$7m to boost the effective capacity from 75% of design capacity to 90% of design capacity.