Lafarge to Expand Investment in N.Korea

(Paris)  —  Lafarge, a French producer of building materials, says it will expand its investment in North Korea.

A public affairs official from the firm on Thursday told Radio Free Asia that it will increase its investment in facilities at the Sangwon Cement Complex near Pyongyang.

The investment is expected to boost the plant’s annual cement production to three million tons by 2010.

Lafarge reportedly took over a 50 percent stake in the plant, along with limestone mining rights, from Orascom Construction Industries of Egypt.

SOURCE:  http://english.kbs.co.kr

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