Business Lafarge plans new Nigerian expansion - BusinessDay Nigeria

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Lafarge Cement Wapco Nigeria Plc is planning new cement capacity expansion in Nigeria as it moves to satisfy growing demand in the cement sector.

The country’s cement market which grew at a 16 percent clip in the first quarter of 2013 has the potential to hit 50 million mtpa in a couple of years, according to Joseph Hudson, MD/CEO Lafarge cement Wapco, Nigeria.

“Absolutely we will be increasing our production capacity and it will happen quite soon,” Hudson says in an interview, last week at Lafarge headquarters in Lagos.

“When you look at this market, with the demographic growth, we think potentially this is a 50 m ton market.”

Nigeria’s cement market has current installed production capacity of about 30 million metric tons per annum (mtpa), while domestic demand totaled 20m mtpa at the end of 2012.

Lafarge has current production capacity of 8.5 m mtpa, and is the second largest cement manufacturer in Nigeria, behind industry giant Dangote Cement.

The announcement of the new cement production capacity “will be made soon”, according to Hudson.

Business Day Nigeria

http://businessdayonline.com/2013/10/lafarge-plans-new-nigerian-expansion/

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