Brazil: The French building materials giant Lafarge has announced a US$500m investment plan in Brazil. On 11 January 2013 Bruno Lafont, group CEO, announced the five year investment in a civil construction research centre in the country at a meeting with the Brazilian President Dilma Rousseff. The move follows a number of asset sales by the group.
The Brazilian research centre will be the group's fifth outside France. The others are in the Netherlands, China, Algeria and India. In the past five years Lafarge has invested US$1bn in Brazil.