Lafarge has bought a 35 per cent stake in the Meftah cement plant in Algeria for EUR43.5m, as part of privatisation process.
The French company will be responsible also for the management of the plant over the next 10 years, Lafarge said on June 21, 2008.
Lafarge will modernise the facility in order to boost its production capacity from 0.8Mt at present to 1.1Mt by 2010.
In addition, the company plans to launch special training programmes for the employees of the unit and improve the environmental performance of the Meftah plant.
According to Lafarge, by boosting its presence in Algeria, the group will be able to meet the rising cement demand in the country, especially in the construction sector.
Earlier this year, Lafarge bought the two Algerian units of Egyptian sector group Orascom Cement.