Lafarge Cement Romania to invest EUR20m

Lafarge Cement Romania to invest EUR20m
03 July 2007

Lafarge Cement Romania said it will invest EUR20m in improving its production process this year, and EUR50m in the next 2-3 years. The company expects the cement demand to continue to grow in Romania, following the big investments in construction, said president of Lafarge Cement Romania, Philippe Questiaux, said in an interview.  
In the 1Q07, Lafarge Cement posted the largest growth out of all the arms of the French group in Romania. In 2006, the company’s turnover stood at EUR230m, up 34% compared with 2005. For end-2007, it forecasts a turnover of EUR276m, up 20%.  
’We expect growth for at least five years ahead and we are making the necessary investment for environment protection’, says Philippe Questiaux. He says that since 2006, when the growth was robust, the company has redirected part of the volumes for export to local clients and intends the overcapacity at Medgidia to meet the local demand.  
’The market in Romania is very dynamic and we estimate it will reach its maxim in 2010-2014, if its growth pace stays the same. In Romania,  Lafarge prepared even from the start of its activities and production processes for the moment of the EU entry, and the effective integration has not raised problems to us. Our priorities are the aspects related to meeting the EU environment norms and we are receptive to the needs of the communities within which we operate’, says the president of Lafarge Romania. 
Published under Cement News