Lafarge to invest EUR20m in Romanian Aggregates Unit 2007
Lafarge plans to invest EUR20m (US$27m) in 2007 to develop its Romanian limestone quarry and aggregates producer Lafarge Agregate Betoane, the group said on June 7, 2007.
Lafarge Agregate Betoane operates 14 aggregate stations, seven quarries and a warehouse in the country.
The company has recently launched its second mobile aggregates station for asphalt production.
Lafarge Agregate Betoane is controlled by domestic cement producer LafargeCement, part of the Lafarge group.
French Lafarge also owns in Romania plasterboard producer Lafarge Arcom Gips.
Lafarge competes in the Balkan country with Holcim Romania, a unit of Swiss cement company Holcim, and Carpatcement, a subsidiary of German HeidelbergCement.