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
World Cement Podcast
Tune into Episode 2 of the World Cement podcast to hear the second half of the CCUS-focused panel discussion from EnviroTech 2024.
Cemex invests in renewable energy in Poland
Cemex has signed an agreement with EDP Energia Poland to build solar installations at several Cemex plants in Poland, with a total capacity of over 14 MWp.
