Latest News


Keyword Search

RegionB

North / South America

Lafarge to Divest North American Assets

Jan, 14 2009


(Los Angeles, California)  --  Lafarge North America Inc. is actively seeking buyers for some sectors of their business operations in North America.  Speaking on condition of anonymity, a company representative has indicated that large slices of their operating sites may be put up for sale.  The recent downturn in the economy has made business conditions difficult, with cement sales down over 20% in the USA alone in 2008.  Industry forecasts do not paint a rosy picture for 2009 either.
 
The businesses rumored to be for sale are:
 
The Asphalt and Paving Business in the USA and Canada, including the Contracting Division
The Aggregates and Concrete Business in Colorado and New Mexico
 
Other options that are being studied according to the source are the mothballing of the South East Concrete Operations – apparently, business is down by over a third in this region.
 
Lafarge North America Inc. did not return calls to verify the content of this story.





[ARI-C News]

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Warm mix asphalt is third of US production

The latest NAPA/FHWA survey of asphalt producers’ use of recycled materials and warm-mix asphalt finds that nearly a third of all asphalt produced during the 2013 construction season was produced using warm mix asphalt technologies. More

Three Chinese cement makers fined $19m

China’s National Development and Reform Commission has instructed the Jilin Province Price Bureau to impose fines totaling $19m on three cement companies for unlawful price fixing under the Anti-Monopoly Law. More

Advertise Here