Lafarge plans to continue investing in Algeria

Bruno Lafont, CEO of 725 Lafarge is reported as saying in an interview with Algerian publication Liberté that the group has already invested over €240 million in Algeria since 2008 and plans to continue investing to accompany the requirements of the Algerian construction market.

Lafarge, which has been present in Algeria for a decade and which employs some 2,600 staff in the country and as many permanent sub-contractors, is aiming to innovate in terms of products and solutions to contribute to building better cities.

The group is to build a third cement works in Biskra, in partnership with a private Algerian company. Construction is set to start in the first quarter of 2014 for completion by 2016.

Lafarge is also investing in new ready-mix concrete capacities in Algeria to better serve the domestic construction market.