19. July 1999 at 00:00

Lafarge increases stake in Považská cement works to 27%

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TASR , SITA ,

Newswire

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The French company Lafarge, a world leader in the production of construction materials, has strengthened its position on the Slovak cement market by enlarging its 16% stake in cement maker Považska Cementaren in Ladce to 27%. Philippe Rollier, director of Lafarge's central and eastern Europe division, said that the acquisition was part of the firm's strategy for eastwards expansion.

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Lafarge operates in 65 countries worldwide and employs over 66,000 people. Its annual turnover is around 20 billion Deutschmarks.

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