Lafarge Surma Cement

completed

Lafarge is the second largest cement producer in the world with over 75 operating plants in 45 countries. Lafarge will bring to bear state-of-the-art technology, operational know-how and superior management skills. Domestic competition in the cement industry in Bangladesh will be intensified. The project reflects a pioneering role for Lafarge and its backers in Bangladesh. It will demonstrate to other world-class foreign companies and local businessmen that large viable projects can be undertaken in Bangladesh and can be financed on acceptable terms. Permanent jobs will be created for some 282 local employees in Bangladesh and Meghalaya who will receive training from Lafarge. Initially, seven expatriates will be permanently based in the country. The planned investment of $20 million in Meghalaya is significant for that small Indian state and will enable it to add value to a bountiful natural resource that otherwise has little economic value due to the state''s own tiny market and remoteness from the rest of India.