Lafarge, Jamaica Form Joint Venture
- Published: Thursday, 01 May 2008 08:00
Lafarge has signed an agreement with Jamaica Pre-Mix Ltd. to create a new joint venture based in Kingston, Jamaica. This strategic alliance is part of Lafarge's latest efforts to maintain and expand its infrastructure in North America.
The joint venture, to be named Jamaica Aggregates Limited, will be owned and operated by Lafarge and Jamaica Pre-Mix. Under terms of the agreement, Jamaica Pre-Mix will contribute its aggregate operations to the venture, and Lafarge will contribute towards development and operations. The joint venture will operate four quarries and employ 60 to 70 staff members who currently work at Jamaica Pre-Mix.
ìThis venture is well-positioned to further enhance Lafarge's leadership by bringing together the world-class technical expertise of Lafarge and the extensive experience and established reputation of Jamaica Pre-Mix,î says Ken MacLean, president of Lafarge's Eastern U.S. Aggregates & Concrete Region. ìWe will leverage our complementary strengths and believe this will be a highly successful venture given the high standards of operation exhibited to date.î