Austin Laz & Company PLC (NGX: AUSTINLAZ) has initiated discussions with Building Materials Technology Industries (BMT Industries) for a significant investment that may establish BMT as a core investor.
Announced in a press release on February 2, 2026, this potential partnership aims to leverage BMT’s expertise in innovative building materials to enhance growth in Nigeria’s construction sector.
Austin Laz & Co PLC, a leader in refrigeration and aluminium manufacturing, is pursuing ways to diversify its revenue.
The proposed investment could allow for the integration of high-demand non-metallic building solutions produced by BMT, which include locally sourced glazed roofing sheets, wall panels, and PVC windows.
BMT Industries, founded in 2022, has a strong market presence in Nigeria’s South-South region with an asset base of ₦3 billion and a turnover exceeding ₦1.6 billion for 2025.
The investment would involve transferring BMT’s production lines and brand equity to Austin Laz, enabling immediate income from new product sales without the need for new capital investment.
BMT also plans to expand its marketing efforts into Lagos and Ogun States by mid-2026.
The Board of Austin Laz expects this investment process to conclude by March 2026, pending regulatory approvals.
This partnership is timely for Nigeria’s building materials industry, focusing on sustainable alternatives, and may enrich access to innovative building solutions in the South-South region while potentially boosting local economic activity.
Administrator and Writer
