Project description
and objectives:
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A multi-project facility (MPF) of EUR 300 million with Lafarge to acquire,
modernise, expand, construct and operate manufacturing facilities in the
cement, lime, aggregates and ready-mix concrete sectors.
The project objective is to support the development of Lafarge's investment
programme, which assists in the privatisation and/or the development of local
companies in the eligible sectors, enhances their performance and improves
their environmental standards.
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Sub-projects:
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Transition impact:
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(i) Setting standards for the modernisation and restructuring process of the
cement and related building materials industry;
(ii) technology and know-how transfer;
(iii) improvement of environmental management; and
(iv) provision of equity to a capital-intensive and highly cyclical industry
sector.
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The client:
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Lafarge, founded in 1833, is the world's largest producer of cement and other
building materials. The Group employs 80,000 people in 76 countries, with 2005
consolidated sales of EUR 16 billion. As of 30 September, Lafarge Group's
capitalisation was EUR 17 billion.
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EBRD finance:
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Renewal of the Equity Multi Project Facility signed in 1996, increase in the
amount of the MPF to EUR 300 million and extension to new countries of
operation previously not included in the MPF.
Investment in a new sub-project in the Russian Federation for a total amount
of up to EUR 70 million.
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Total project cost:
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Total total project costs for the entire MPF are estimated at EUR 1050 million.
Total project costs under the fourth Sub-project, Lafarge Vostok, is EUR 607
million.
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Environmental impact:
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The multi-project facility was classified C/0. Lafarge has adopted a
Group-wide environmental policy and formalised environmental procedures for
the MPF which include the development of Environmental Action Plans (EAPs).
These will be developed as a result of the environmental due diligence and
appraisal process and will consider environmental compliance, liabilities,
risks and opportunities. They will become part of the business and investment
plan for each project to be financed under the facility. The projects under
the facility will be structured to achieve compliance with the relevant
national environmental regulations and EU environmental standards. Significant
environmental, health and safety, and energy efficiency improvements, are
expected to be realised with the implementation of Lafarge's MPF investment
programme. An annual environmental report will be submitted to the EBRD on the
investee companies encompassed by the facility.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mark Rollinger, e-mail: mark.rollinger@lafarge.com
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EBRD contact:
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Pavel Bezmalenko, Operation Leader: bezmalep@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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