Cement Maker Lafarge Is On a Long-term Upside

Lafarge (LAFP.PA and LFRGY.OTC), the world's largest cement maker, today announced that it plans to acquire Orascom Construction Industries' cement business. The deal will give the French company the leading market position in the fast-growing construction markets in the United Arab Emirates and other Middle Eastern countries.

Lafarge's shares have been on a long-term price upside not withstanding the recent significant correction.

Consider this basic material stock as a candidate for a long-term growth or dividend-reinvestment portfolio.

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Posted December 10, 2007.