Lafarge acquisition

Lafarge acquisition
Published: 18 December 2003

Lafarge has acquired the EBRD's 23 per cent shareholding in Lafarge Polska, which is made up of Lafarge's cement and aggregates & concrete operations in Poland. The transaction amounts to Euro84m, bringing the Group's ownership to 100%. According to Bernard Kasriel, Chief Executive Officer of Lafarge: "This investment confirms our involvement within the Polish market. The four Divisions of the Group are present in Poland, a country with a strong potential for development with its entry into the European Union."  Alain Pilloux, the EBRD's Business Group Director for Central Europe and Specialised industries, said: "We have been very pleased with the cooperation in Poland with Lafarge. It is an excellent example of a successful industrial restructuring that has led to significant improvements in operations. We are particularly impressed with Lafarge's commitment to the environment."

Lafarge in Poland: With 1750 employees in Poland, Lafarge is present in all divisions of the group. In a national cement market amounting to 11Mt annually, Lafarge owns two fully modernized cement plants, in Kujawy and in Malagoszcz, with an annual capacity of 3.3Mt. Lafarge also has 5 new or modernized roofing plants, 18 concrete plants and 9 aggregate sites as well as one brand new gypsum wallboard factory.