In November 1997 Lafarge
acquired the main package of Romcim,
the biggest Romanian cement producer, holding four
cement plants. The price was 200 million USD for 51%.
One year later, after a public offer of acquisition,
Lafarge becomes the major shareholder
owning almost 92% of the company. This move demonstrated
at that time that Lafarge trusts the perspective of
growth for Romanian market on the long term. This
is coherent with the development of Lafarge
in other countries of Central Europe.
In 2003, applying the Ordinance
No.28/2002, the company increased its ownership at
98,5% rising the total
capital investment at about 260
million USD.
Lafarge Romcim
started at the beginning of 1998 an ambitious investment
program, which is to be staggered on a period of 4
years. One of the priority objectives is technology
modernization and environment protection. The goal
was to raise the productivity level to the best group
standards.
The
total industrial investment in the company worth
about 120 million USD, amount of
which 1/3 represents environment investments.
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