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 3,000 people.

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.