France's Lafarge Group has reported that its 50 percent subsidiary Lafarge Ciments will build a new production line in Bouskoura, Morocco, to increase its cement capacity by over 900,000 tons. Production is scheduled to start at the beginning of 2006.
According to the group, the investment will significantly reinforce the plant's profitability. "Together with the successful start of our new cement plant in Tetouan, the increase of capacity in Bouskoura will enable us to pursue our development with very good returns in this fast-growing market," said CEO of Lafarge, Bernard Kasriel.
Lafarge Ciments, a subsidiary of Lafarge held in partnership with Société Nationale d'Investissement (SNI), has four cement plants in Bouskoura, Tangiers, Meknes and Tetouan, and a total capacity of 4.2 million tons, before the increase in capacity of the Bouskoura plant.
In 2003, Lafarge Ciments posted sales of €275.3 million and a consolidated income of €106.5 million, increasing by 12.5 percent and 18.5 percent respectively, compared with 2002. — (menareport.com)
© 2004 Mena Report (www.menareport.com )