Mexico joint venture aligns Lafarge with world’s top wealth holder

Sources: Lafarge S.A., Paris; CP staff

Lafarge will boost its cement production stake south of the border in partnership with Elementia, a consortium whose holdings include concrete pipe and fiber cement siding businesses in Mexico, plus a cement mill under construction in the country’s central region. A joint venture will span a) Lafarge plants in Vito and Tula, with combined output near 1 million metric tons; and, b) the new mill, with which Elementia was chartering Cementos Fortaleza, whose capacity slightly exceeds the sister facilities’ total.

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