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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