Lafarge Africa to cut debt by US$270m
Lafarge Africa will use some of the funds raised by a NGN131.6bn (US$415m) rights issue to cut debt by US$270m, as reported by Reuters.
Unicem
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Lafarge Africa receive shareholders endorsement for merger
Lafarge Africa have received the shareholders endorsement for a merger with Unicem and Atlas Cement Company Ltd, according to Nigerian newspaper The Guardian.
Lafarge board approves merger with Unicem, Atlas Cement
The board of directors of Lafarge Africa has approved the commencement of a merger with United Cement Company (Unicem) and Atlas Cement Co, according to a statement by the compa...
Lafarge Africa to seek shareholders approval
Lafarge Africa is to seek shareholders’ approval for a NGN140bn (US$443m) rights issue during its 58th Annual General Meeting to be held on 7 June 2017, the company has informed...
Nigeria: UNICEM Mfamosing's second line commissioned
United Cement Co of Nigeria (UNICEM) commissioned its new line at Mfamosing, Cross River State, in September 2016. Loesche has since announced its scope of supply for the projec...
Nigeria: Lafarge Africa refinances with five-year bonds
Lafarge Africa (LafargeHolcim Group) has raised NGN60bn (US$184m) by issuing three and five-year bonds through book building. The cement producer issued a three-year bond at 14....
Lafarge Africa in 2Q16
Lafarge Africa Plc has released its financial results for 2Q16, reporting a total revenue of NGN107bn (US$344.9m). Cost of sales stood at NGN92.2bn (US$297.3m), down from NGN98b...
Lafarge Nigeria unit takes control of UNICEM
An affiliate of Lafarge Africa has completed a 100 per cent acquisition of Nigeria's third-largest cement manufacturer, United Cement Company of Nigeria (UNICEM). Lafarge said i...
UNICEM orders Loesche mill for new Calabar line, Nigeria
United Cement Company of Nigeria (UNICEM) has ordered the largest Loesche mill to-date, an LM 70.4+4 for its new line at the Calabar cement works. The Loesche LM 70.4+4 will be ...
Unicem cuts 32.5 grade prices, Nigeria
United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announce...