Slim Firm, Lafarge Plan Mexico Tie-Up

January 9, 2013

Wall Street Journal, 1/8/2013

Geothermal plant in Mexico

Mexican building-materials company Elementia, part-owned by billionaire Carlos Slim, said Tuesday it is planning a joint venture with the world’s largest cement company, Lafarge SA LG.FR -0.15% of France, to produce cement in Mexico. The alliance will have three plants with annual production capacity of close to two million tons of cement as Elementia’s cement division—Cementos Fortaleza—and Lafarge pool their production facilities in Mexico. Elementia said in a release that it will own 53% of the planned joint venture, and Lafarge will own 47%.

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