Lafarge has today announced th edecision by Lafarge Ciments (Morocco), its 50 per cent subsidiary, to build a new production line in Bouskoura, Morocco, to increase the cement capacity by over 900,000t.
This investment will significantly reinforce the plant’s profitability. The production is scheduled to start at the beginning of 2006.The project is expected to create value quickly, due to market growth.
"Together with the successful start of our new cement plantin Tetouan, the increase of capacity in Bouskoura will enable us to pursue our development with very good returns in this fast-growing market. This is perfectly consistent with Lafarge’s long-term business strategy, particularlydirected towards growing markets", said Bernard Kasriel, CEO of Lafarge.
Lafarge Ciments, a 50 per cent subsidiary of Lafarge held in partnership with SNI (Société Nationale d’Investissement), has four cement plants in Bouskoura, Tangiers, Meknes and Tetouan, and a total capacity of 4.2Mt, before the increase in capacity of the Bouskoura plant. In 2003, Lafarge Ciments posted sales of EUR275.3m and a consolidated income of EUR106.5m, increasing by 12.5 per cent and 18.5 per cent respectively, compared with 2002.