It raised the money for a joint venture with house-building group Taggart to develop a site in east Belfast.

BBC: Clients repaid fraction of Belfast investment

Lagan Cement Group recently signed a memorandum of understanding with Quinn Building Products that may lead to a joint venture (JV) between the two groups whereby they would combine their cement and building products businesses based in Ballyconnell, Derrylin, Kinnegad, Belfast, Cork and Benelux.

BBC: Lagan Group boss sent bullet in post over merger talks

He charges the joint venture for research and development, engineering, machine-building and other services.

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