Lafarge Iraq, a leading investor in Iraq's cement industry, has signed an agreement with Iraq’s General Company for Land Transportation (GCLT) for the transportation of cement, said a report.

The contract is the largest in the history of the GCLT, which is owned by Iraq’s Ministry for Transport, added the Iraq Business News report.
 
The deal will run for one year, and may be further extended for five years, it said.

Lafarge Iraq is a subsidiary of Swiss-based LafargeHolcim Group, a world leader in the building materials industry.

Lafarge Iraq operates three cement plants: Bazian and Tasluja cement plants located in Sulaimani, Iraqi Federal Region of Kurdistan, and Karbala Cement Plant located close to Karbala province.

The company posted sales of CHF29.5 billion ($29.9 billion) in 2015.