Lafarge, which stepped in Mexico at end-1999 taking over a local company with a one per cent market share, will complete at end-2005/beginning 2006 the construction of a new cement plant with initial capacity for 600,000t of grey cement, Dolman explained. Lafarge has invested US$120m in this new unit in Tula, the Hidalgo State, northern Mexico, the capacity of which could double in the future, he added. With a two per cent market share in Mexico, Lafarge stands far behind local giant Cemex, holding a 52 per cent share, Holcim-Apasco, with about 30 per cent, and another Mexican company Cruz Azul, with a 15 per cent stake.
Malayan Cement FY26 net profit rises 34%
Malayan Cement Bhd reported a 34.3 per cent increase in net profit to MYR903.17m (US$214m) for...