Lafarge WAPCO Cement yesterday said it intends to double its production capacity by 2.2Mta.
Its Project Director, Mr Guy Chaperon, said this yesterday at the foundation laying ceremony of Lafarge Cement’s new plant, named, Lakatabu Cement, at Ewekoro, in Ogun State.
Chaperon said, "in Yoruba Language, Lakatabu signifies the might of a big elephant. With this project, Lafarge Wapco is going to increase production capacity by 2.2Mta. This is twice the capacity of the existing Ewekoro Plant, and it will allow Lafarge Cement Wapco to double its overall capacity, to keep pace with the growth in the Nigerian Cement market and maintain its market share."
At the event, the Federal Government urged cement manufacturers to work towards reduction of cement prices to N1,000 per bag, by the middle of the year.
Minister of Commerce and Industry, Achike Udenwa, in an address read on his behalf by Permanent Secretary in the Ministry, Mr Linus Awotemni, said government is ready to protect Nigerians consumers and will ensure that cement is readily available in the marker and at affordable costs.
The state Governor, Gbenga Daniel, in his speech, commended Lafarge for expanding its plant and urge it to provide enough job opportunities to the host community and other Nigerians, to assist government in its quest to provide job and alleviate poverty.