Lafarge Nigeria has completed a 100% acquisition of Nigeria's third-largest cement manufacturer United Cement Company of Nigeria (UNICEM).
Lafarge have not disclosed the purchase price. The company announced that its affiliate Nigerian Cement Holdings (NCH), owned a 70% equity in UNICEM before agreeing a deal last November to purchase the remaining 30% stake from Flour Mills.
UNICEM cement plant, located in Cross Rivers, southeast Nigeria, has a production capacity of 2.5 million t and is currently undergoing an expansion to 5 million t set to be completed next year.
According to reports, Lafarge Africa Plc has announced the completion of its consolidation exercise, which involved the merging of its Nigerian and South African assets.
Events were held at Lafarge’s Cementos Parrilla, the Sagunto plant and the Montcada i Reixac plant to mark the central day of ‘Health and Safety Month’.
Lafarge’s Brookfield plant in Nova Scotia will develop a new type of blended cement that will reduce greenhouse gas emissions by up to 76 000 t by 2015.
At the recent commissioning of a second clinker line at Lafarge India’s Sonadih plant, Lafarge Chariman and CEO, Mr Bruno Lafont disclosed details regarding the company’s future plans in India.