Lafarge is to invest $90 million to rebuild its cement plant in Aceh, Northern Sumatra, Indonesia that was destroyed during the Tsunami on
The new plant will have a production capacity of approximately 1.6 million tonnes per annum and is expected to come on-stream by mid-2007.
The company has already launched a floating terminal at the
Lafarge is also rebuilding 500 homes, a school, and a mosque in Lamkruet, a nearby village about a mile away from the factory. Lamkruet was almost entirely destroyed by the Tsunami.
The first group of 275 houses should be completed by summer 2006, at a cost of approximately $2 million. Lafarge is to finance the operation using its own funds as well as donations from employees throughout the world, and from other partners.