May 19, 2008— Lafarge has acquired L&T Concrete for an enterprise value of 226 million euros, the company has announced. Lafarge will be acquiring 66 highly efficient concrete plants located across India, in key markets such as Delhi, Kolkata, Mumbai and Bangalore, with a market share of approximately 25%, says Lafarge. With this acquisition, Lafarge establishes itself as the leader in the Indian ready-mix concrete market.
The readymix concrete market is still in an early stage of its development in India, but offers strong growth and value creation potential. The Indian construction market is developing to meet significant demand for new housing, urbanization and infrastructure.
Lafarge says it has the world’s leading research facility in building materials and has developed value-added concrete products over the last ten years which contribute to improving construction methods and working conditions on building sites. One of the company’s key strategic focuses is innovation in concrete, which translates into an accelerated roll-out of value-added concrete products in both developed and emerging markets.
For more information, see the Lafarge Web site.</p
