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Investment in Banda Aceh


FRENCH-owned cement giant Lafarge is set to plough more than £50 million into one of the areas worst-hit by devastating tidal waves on Boxing Day last year.

It is to invest the cash in the reconstruction of its Banda Aceh plant in Indonesia, which was destroyed by the tsunami.

The plant will have a production capacity of 1.6 million tonnes and is expected to be operational by mid-2007.

The investment will help the economic recovery in the area, according to chief executive Bernard Kasreil. He said: 'We have long been present in Indonesia and would like to support the population.'