Lafarge sells its 33% participation in Natal Portland Cement, South Africa, to Cimpor

Euronext : LG
NYSE : LR

10.21.2002
 

Lafarge has announced the sale of its 33% interest in Natal Portland Cement (NPC) to Cimpor.

In South Africa, Lafarge will focus on its cement operations where it holds management control. Its cement operations consist of a cement plant, with a total annual capacity of 2,5 million tonnes, which serves the Johannesburg market and the Northern and Eastern parts of the country.

NPC operates mainly in the Kwazulu Natal region (Eastern part of the country) in cement products. It has a main facility located near Durban with a capacity of 1,04 million tonnes.

Lafarge also has substantial operations in its three other Divisions (Aggregates and Concrete, Roofing and Gypsum) in South Africa.

World leader in building materials, Lafarge has 83,000 employees in 75 countries. Lafarge holds top-ranking positions in all four of its Divisions : Cement, Aggregates & Concrete, Roofing and Gypsum. In 2001, the Group recorded sales of €13,7 billion.

Contacts
Press Contacts Investor Relations
Denis Boulet
Tél : 33-1 44 34 94 14
denis.boulet@lafarge.com
James Palmer
Tél : 33-1 44 34 11 26
james.palmer@lafarge.com
Véronique Doux
Tél : 33-1 44 34 19 47
veronique.doux@lafarge.com
Danièle Daouphars
Tél : 33-1 44 34 11 51
daniele.daouphars@lafarge.com

Statements made in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions ("Factors") which are difficult to predict. Some of the Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the cyclical nature of the Company's business; national and regional economic conditions in the countries in which the Group does business; currency fluctuations; seasonality of the Company's operations; levels of construction spending in major markets; supply/demand structure of the industry; competition from new or existing competitors; unfavorable weather conditions during peak construction periods; changes in and implementation of environmental and other governmental regulations; our ability to successfully identify, complete and efficiently integrate acquisitions; our ability to successfully penetrate new markets; and other Factors disclosed in the Company's Reference Document filed with the French COB under the reference number D02-162 and updated under the reference number D02-162/A1, and its annual report on Form 20-F filed with the Securities and Exchange Commission in the USA. In general, the Company is subject to the risks and uncertainties of the construction industry and of doing business throughout the world. The forward-looking statements are made as of this date and the Company undertakes no obligation to update them, whether as a result of new information, future events or otherwise.

 

The press release (pdf, 16.9 KB)