Huaxin Cement plans overseas spin-off
Huaxin Cement announced it is considering restructuring its overseas assets into a new subsidiary with the intention of listing it on an international stock exchange. The move i...
Lafarge Africa
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Holcim completes US$1bn sale of Nigerian operations to Huaxin Cement
Holcim has finalised the divestment of its Nigerian business, selling its entire 83.81 per cent stake in Lafarge Africa PLC to Huaxin Cement . The deal, valued at US$1bn on a 10...
Redecam carries out upgrades in Nigeria
Redecam has successfully completed work at two Nigerian cement plants. During the recent plant shutdowns in collaboration with Lafarge Africa PLC , Redecam has been making upgra...
Revenue surges at Nigerian cement giants in 1H25
Nigeria’s three largest listed cement manufacturers — Dangote Cement , BUA Cement , and Lafarge Africa — generated a combined revenue of NGN3.2trn (US$2.13bn) in the first half ...
Lafarge Africa reports record revenue for 2Q25
Nigeria-based Lafarge Africa Plc has recorded sales revenue of NGN268.63bn (US$175.51m) for the second quarter of FY25, a 70 per cent increase on the NGN157.80bn for the YoY per...
Huaxin - turning tired African plants into industry leaders
Huaxin Cement is making an impact in Africa. The Chinese cement producer is revitalising and modernising its overseas portfolio. In recent weeks, it has transformed the former I...
Lafarge Africa launches ECOPlanet Elephant cement
Nigeria-based Lafarge Africa plc has has expanded its low-carbon multipurpose cement portfolio with the launch of ECOPlanet Elephant. The new product is said to achieve a 30 per...
Lafarge Africa facing lawsuit over planned Chinese sale
Lafarge Africa Plc has failed in its efforts to prevent the hearing of a lawsuit brought by a Nigerian company and shareholder attempting to stop its sale to Chinese company Hua...
Lafarge Africa performs strongly in 1Q25
Lagos-headquartered Lafarge Africa Plc (Holcim Group) has reported sales revenue of NGN248.35bn (US$154.9m) for 1Q25, an 80 per cent increase on the NGN137.7bn of the same perio...
Lafarge Africa reports 96% increase in net profit in 2024
Lafarge Africa plc, part of Holcim , has reported a 72 per cent advance in revenue in 2024, which surged to NGN696.8bn (US$464.8bn) from NGN405.5bn in 2023 as higher sales volum...