Lafarge becomes 100% owner of Beocin-based cement plant

The multinational company Lafarge has become the 100% owner of Beocin Cement Plant (BCP), in which it has invested over EUR 100 million, Lafarge BCP Director General Costin Borc said today.

Borc said at the celebration of the 172nd anniversary of the cement plant that Lafarge had acquired all shares from minority shareholders with whom that company had been successfully collaborating over the previous nine years.

The cement plant in Beocin was sold to Lafarge in 2002 and, since then, it has been participating in numerous large projects such as construction of bridges near Beska and at Ada in Belgrade and the Avala Tower.

Provincial Secretary for Architecture and Urban Planning Dusanka Sremacki stated that the construction business was the most important branch of economy in Serbia and that Lafarge was among the best companies in that field.

She assessed that the privatization of BCP was one of examples of very successful privatization, which were quite rare in Serbia.

Beocin Mayor Bogdan Cvejic said that that municipality and Lafarge BCP had successfully implemented the Business Park project and announced that two companies would soon start operating within that park and employ a total of 300 people, but he did not reveal the companies' names.