Lafarge Iraq

completed

The project entails a combination of equity and loan investments in Lafarge’s operations in Iraq. These operations consist of a 2.7 million tons per annum (mtpa) cement plant in Bazian, Suleimanyah, and a 2.3 mtpa cement plant in Tasluja, Suleimanyah, leased from the Government .In addition, Lafarge is in the process of finalizing a lease agreement with the Government of Iraq to rehabilitate and operate a 1.8 mtpa cement plant near Karbala, Iraq. While the Bazian plant was recently built according to modern environmental standards and the Tasluja plant has been upgraded to fulfill national and IFC standards for environmental performance, the Karbala plant is in a deteriorated stage and will need substantial technical rehabilitation before it complies with national and IFC requirements. The rehabilitation of the Karbala plant is part of the project scope. As a result of the project there will be an increased supply of locally produced cement to meet Iraq’s needs for reconstruction while the current underutilized and poorly performing assets in Karbala will be upgraded to meet modern environmental and energy efficiency standards.