Lafarge Africa Plc (NGX: WAPCO), a cement manufacturer in Nigeria, has announced expansion plans for its Ashakacem plant in Gombe State and its Sagamu plant in Ogun State.
This expansion is aimed at boosting the company’s production capacity to meet Nigeria’s ongoing infrastructure development needs.
The expansion will increase the capacity of the Ashakacem plant to 2 million metric tons (MT) per annum and the Sagamu plant to 3.5 MT per annum.
This investment is designed to enhance product availability, drive economic growth, and deliver long-term value to shareholders.
In a statement released today on the Nigeria exchange and signed by Adewunmi Alode, Lafarge Africa notified the investors about these developments.
The announcement comes in light of Lafarge Africa’s recent ownership transition. In August 2025, the Chinese cement giant Huaxin Cement acquired an 83.81% stake in Lafarge Africa from Holcim for approximately $774 million, making Huaxin the majority shareholder.
Founded in 1907 and ranked among the world’s top 10 cement groups, Huaxin brings significant expertise in cement, aggregates, ready-mixed concrete, and waste management.
Plans are underway for Huaxin to acquire the remaining shares by 2026, potentially leading to full ownership.
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