Tuesday, February 27, 2007

Lafarge on the grow


Lafarge is sitting pretty, according to its latest trading report. The company said annual profit rose 25 percent after the it increased the size of plants in China and India and bought full control of its North American unit. It spent $3.5 billion last year to acquire the rest of Lafarge North America Inc. to speed decision-making in the company's biggest market as homebuilding slows. Lafarge also said it expects to beat its earnings growth targets through 2008 after making acquisitions to bolster revenue, secure raw-material supplies and tap demand in faster-growing emerging markets. Your comment?

Labels: , , ,