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Date 04/28/2008

Lafarge Announces Joint Venture with Jamaica Pre-Mix Ltd.

Lafarge North America Inc.

Herndon, VA

 

Lafarge today signed an agreement with Jamaica Pre-Mix Ltd. to create a new joint venture based in Kingston, Jamaica. This strategic alliance is part of Lafarge's latest efforts in North America to maintain and expand its infrastructure to offer increased value and service to meet growing customer needs.

 

The joint venture, to be named Jamaica Aggregates Limited, will be owned and operated by Lafarge and by Jamaica Pre-Mix. Under the terms of the agreement, Jamaica Pre-Mix will contribute its aggregate operations to the venture and Lafarge will make a contribution towards development and operations. The joint venture will operate four quarries and employ 60 to 70 staff members who currently work at Jamaica Pre-Mix.

 

"This venture is well-positioned to further enhance Lafarge's leadership by bringing together the world-class technical expertise of Lafarge and the extensive experience and established reputation of Jamaica Pre-Mix," said Ken MacLean, President, Eastern United States Aggregates & Concrete Region. "We will leverage our complementary strengths and believe this will be a highly successful venture given the high standards of operation exhibited to date."

 

He also noted that, over the next several months, the Jamaica Pre-Mix and Lafarge teams will structure their operations accordingly to provide the same high quality products and services that their customers expect.

Contact:

Louise Muth

Director, External Communications

703-480-3707

ADDITIONAL INFORMATION

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 90,000 employees in 76 countries, Lafarge posted sales of 17.6 billion Euros and net income of 1.9 billion Euros in 2007. Lafarge North America Inc., a Lafarge Group company, is the largest diversified supplier of construction materials in the United States and Canada. Its materials are used for residential, commercial, institutional and public works construction.

 

Lafarge is the only company in the construction materials sector to be listed in the 2008 ‘100 Global Most Sustainable Corporations in the World'. Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.

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