Lafarge to strengthen position in Mexico

Lafarge to strengthen position in Mexico
14 March 2005


Lafarge wishes to strengthen its positions in Mexico, bastion of its local rival Cemex and an alluring market, one of the world’s 15 largest, with a strong growth potential, the head of Lafarge Mexico, Maximo Dolman, said.

Lafarge, which stepped in Mexico at end-1999 taking over a local company with a one per cent market share, will complete at end-2005/beginning 2006 the construction of a new cement plant with initial capacity for 600,000t of grey cement, Dolman explained.  Lafarge has invested US$120m in this new unit in Tula, the Hidalgo State, northern Mexico, the capacity of which could double in the future, he added.  With a two per cent market share in Mexico, Lafarge stands far behind local giant Cemex, holding a 52 per cent share, Holcim-Apasco, with about 30 per cent, and another Mexican company Cruz Azul, with a 15 per cent stake. Published under Cement News