Lafarge Africa Plc is looking to expand its cement line across its Ashakacem plant in Gombe and Sagamu plant in Ogun State in a move expected to strengthen Nigeria’s infrastructural growth.
The plan will push the Ashakacem and Sagamu plants’ total capacity to 2 million tonnes and 3.5 million tonnes per annum, respectively, the company said in a filing with the Nigerian Exchange Limited on Wednesday.
“These investments reflect the company’s strategic focus on supporting Nigeria’s infrastructural growth, improving product availability, and delivering long-term value to shareholders.”
Read also: Lafarge Africa’s profit rises 4-fold on cement sales growth
Lafarge Africa is one of Nigeria’s largest cement companies, with four plants that have a combined output of 10.5 million tonnes per year. Key manufacturing sites are located in Ewekoro and Sagamu (Ogun State), Mfamosing (Cross River State), and Ashaka (Gombe State), with additional ready-mix concrete operations in Lagos, Abuja, and Port Harcourt.
In 2025, Swiss building materials manufacturer Holcim sold its stake in Lafarge Africa to Huaxin, a Chinese company, in a deal worth $1 billion.
Read also: Holcim says it has finalised divestment from Lafarge Africa
It held an 84 percent stake in Lafarge Africa but divested as part of a broader move to focus on core growth markets.
The company reported strong profit growth in the nine months of 2025, with net income reaching N207.8 billion, a 246 percent increase from the N60.1 billion recorded in the same period of 2024. The improved earnings were buoyed by net sales, which increased by 63 percent year-on-year to N780.5 billion, compared to N479.5 billion in 2024.
That profit run is expected in the fourth quarter as the market awaits the release of the company’s full-year results.
