Lafarge Nigeria unit acquires United Cement
Published by Joseph Green,
Editor
World Cement,
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.
Edited from source by Joseph Green. Source: Reuters Africa
Read the article online at: https://www.worldcement.com/africa-middle-east/06102015/lafarge-nigeria-unit-acquires-united-cement-720/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
