MONTREAL, Oct. 3 /CNW Telbec/ - Further to the acquisition by Holcim Ltd
of minority interests in the company, St. Lawrence Cement today announced the
transfer of its Northeast US assets to Holcim (US) Ltd. and the reorganization
of its corporate administrative and information technology services effective
January 1, 2008.
As a result of this announcement, the company's Mount Royal office will
be closed. The decision affects approximately eighty employees at the
corporate head office but does not impact the regional headquarters in
Longueuil and other Quebec operations which employ more than 1,000 people.
All corporate administrative functions will be integrated with the
existing offices of the regional headquarters in Concord, Ontario. The move
enables St. Lawrence Cement to consolidate corporate administrative services
and the majority of its executive team in one location.
"Our decision to relocate our corporate administrative services to the
Concord office will allow us to realize significant benefits in efficiency for
our internal operations while maintaining our strong presence in Quebec,"
explained Philippe Arto, President and CEO of St. Lawrence Cement Group. "Our
goals have always been to create value through strong vertical integration
with local management, operational excellence and efficient administration and
we believe this move supports those goals."
Once the reorganisation is complete, St. Lawrence Cement will offer some
of the affected employees the opportunity to transfer to Concord. Other
employees will be offered professional assistance services to help them find a
new position as quickly as possible.
About St. Lawrence Cement Group
St. Lawrence Cement is a leading Canadian producer and supplier of
products and services for the construction industry, including cement,
concrete, aggregates and construction. The company operates two cement plants
in Canada that are certified ISO 14001 and 9001, concrete plants, quarries and
sand pits, and runs leading construction services companies in Quebec and
Ontario. Sustainable development is an integral part of its business strategy
and planning process. St. Lawrence Cement currently employs approximately
About Holcim Ltd
Holcim is one of the world's leading suppliers of cement and aggregates
and also active in ready-mix concrete and asphalt markets. In 2006, Holcim
recorded sales of over 23 billion Swiss Francs. The Group holds majority and
minority interests in building materials companies in more than 70 countries
on all continents and currently employs approximately 90,000 people.
For further information:
For further information: Nadia Paquet, (514) 713-1350