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Date 05/14/2008

Lafarge Acquires Cement Terminal, Strengthens Position in Memphis Market

Lafarge North America Inc.

Herndon, VA

 

Lafarge today announced that it has completed the purchase of a cement terminal in Memphis, Tennessee, from Angelle Concrete Products Group LLC, based in Louisiana, known locally as Memphis Cement.

 

The acquired President's Island Cement Terminal and its employees will be consolidated into Lafarge Cement's River Business Unit operations.

 

With its many distribution assets and strong, growing economy, Memphis serves as an important transportation hub and regional center for the tri-state area of Tennessee, Mississippi, and Arkansas. The addition of the President's Island Terminal to Lafarge's current Memphis terminal on Henry Street will help ensure reliable logistics service for meeting increased demand of both pure Portland and Portland blends, such as MaxCem, a high performance blend of Portland and slag cement.

 

"This acquisition will significantly improve Lafarge's ability to expand its customer base and service our customers in this area by improving product availability and delivery times," said Olivier Merindol, President of Lafarge's River Business Unit Cement operations. "This is part of our long-term strategy in North America to build an efficient, flexible, and low-cost distribution network. It will allow Lafarge to strengthen our competitive position in the Memphis market."

 

The acquisition of the terminal in Memphis complements Lafarge's previously announced launch of a project to modernize its Joppa, Illinois cement plant in the United States. This 2 million ton plant will start up at the end of 2010.

Contact:

Louise Muth

Director of External Communications for North America

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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