In November 2005, SOCAM and Lafarge, the world leader in building materials, announced a joint venture partnership to merge their cement operations in China. The joint venture, named Lafarge Shui On Cement Limited (LSOC), is 55% owned by Lafarge and 45% owned by SOCAM. The alliance immediately established a new cement leader in the Southwest region, one of the Mainland's largest and fastest growing areas. It combines Lafarge's global expertise in cement technology and operational management with SOCAM's experience and reputation in the Chinese market.
With SOCAM chairing the board and Lafarge managing the business operations, LSOC is quickly expanding production and has become the cement market leader in Southwest China, with 31 million tonnes of capacity spanning Chongqing, Sichuan, Yunnan and Guizhou.
LSOC is determined to step up the pace of the development in China. The Chinese markets in which LSOC operates are enjoying sustainable growth and it is believed taking into account the capacity expansion programme currently underway in the four provinces of Southwest China - Yunnan, Guizhou, Sichuan and Chongqing.