Votorantim transfers units to Lafarge, Brazil

Votorantim transfers units to Lafarge, Brazil
21 July 2010

Lafarge has assumed the complete takeover of cement operations transferred by the Votorantim group as payment for a 17.28% stake in Cimpor.

In the wake of that agreement, reached in early February, Lafarge acquired a factory in Caaporã (CP) and two grinding stations: one in Candeias (BA) and another in Cocalzinho (GO). The deal – which also included three distribution centers in those regions – has enabled Lafarge to climb from sixth to third position in the Brazilian cement sector.

According to Roger Smith, director of marketing, sales and logistics of the Brazilian subsidiary of Lafarge, the company will now start work on improving on these assets, which could mean the expansion of these plants or even building a new unit.

"Brazil takes stronger position within the group, which reinforces Lafarge’s strategic interest in participating in the growth of the country," he said. The company’s plants are situated in the southeast of the country are currently operating with a capacity utilisation of around 85- 90%.
Published under Cement News