Lafarge: more Romanian investments

Lafarge: more Romanian investments
Published: 12 May 2004

Lafarge has said it planned to invest Euro 4.0m in its operations in Romania this year, local news sources reported. Lafarge will invest Euro 2.0m in aggregate production and another Euro 2.0m in concrete production, quoting the director general of the cement plant Romcim Lafarge, Philippe Questiaoux, as saying late on Monday.

Lafarge companies in Romania include Lafarge Romcim, stone quarry Lafarge Agregate Betoane and plasterboard producer Lafarge Arcom Gips, which employ a total of over 1800 people.  Lafarge’s investment in Romania totals Euro 300m so far and the company has been being one of the biggest taxpayers in the country with Euro 50m in taxes paid in the last three years, the portal said.

The group’s turnover from operations in Romania rose by 5.0 per cent year-on-year in the first three months of 2004. The group expects to maintain the upward trend in the next quarters of the year, Questiaoux added. The turnover for last year accounted for Euro148.1m.