HBM Nigeria Plc, formerly Lafarge Africa Plc, plans to increase its cement production capacity by 4.5 million metric tonnes by January 2027 as the country’s building materials market expands on the back of infrastructure spending and housing demand.
The producer, which recently rebranded following the acquisition of a controlling stake by China’s Huaxin Building Materials Co. (formerly referred to as Huaxin Cement), said the additional capacity will come from expansions at its Sagamu plant in Ogun State and Ashaka facility in Gombe State.
“We are making significant progress,” Lolu Alade-Akinyemi, the company’s chief executive officer, said during a media briefing in Lagos on Monday. “By January 2027, we will commission the plant. We are adding an additional 4.5 million tonnes of cement.”
He said each plant would employ more than 400 workers directly after inauguration, while indirectly supporting over 2,000 jobs through small and medium-scale enterprises (SMEs), suppliers and local
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