RDIF to partner with Swiss building materials producer LafargeHolcim

Press release, 21.10.2019

Moscow, October 21, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announces a cooperation agreement with the Swiss company LafargeHolcim – the global leader in building materials and solutions.

The announcement was made today on the sidelines of the Foreign Investment Advisory Council (FIAC).

The partners intend to jointly identify attractive investment projects in the Russian cement and concrete production sector and related fields. The company operates four cement plants in Russia, with sites in the Moscow, Kaluga and Saratov regions, it also has three non-metallic mineral quarries in the Republic of Karelia. LafargeHolcim products are used in infrastructure construction, the production of commercial concrete, concrete products and lightweight concrete products.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Active housing and infrastructure construction in Russia requires the application of advanced technologies and specialized expertise. RDIF and LafargeHolcim plan to focus on supporting market growth, as well as on the construction of facilities that will meet all international standards of quality, sustainability and energy efficiency”.

Maxim Goncharov, CEO of LafargeHolcim Russia, said:
“In Russia the key drivers to force the application of innovative technologies in our sector are the national projects. They help forward the using advanced technologies, in our country they should be represented by the roads with a rigid pavements and co-processing of waste in the cement industry. LafargeHolcim is a significant infrastructure partner and leading waste recycling operator worldwide. Together with the Russian Direct Investment Fund we’ll develop the projects where our global expertise can enhance the solving of target issues related to the industry’s and society development”.

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5tn and covering 95% of the regions of the Russian Federation. RDIF’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40bn. Further information can be found at www.rdif.ru

LafargeHolcim is the global leader in building materials and solutions. We are active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim materials and solutions is driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries. Further information can be found at www.lafargeholcim.com

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler
Tel: +44 (0) 20 7796 4133