# New Material Nigeria opens $50M fibre cement board factory in Abuja

New Material Nigeria Ltd, part of the Sinoma/CNBM group, opened a fibre cement board factory in Abuja, Nigeria. The $50 million facility has an annual capacity of 5 million square meters and employs 119 people.

- Type: New facility
- Announced: 2022-06-09
- Where: Abuja, Nigeria
- Value: $50.0M
- Jobs: 119
- Starts operating: 9 Jun 2022
- Status: completed
- Capacity: 5 million square meters per year
- Products: fibre cement boards
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [New Material Nigeria](https://endata.com/companies/63382.md)
- [Sinoma/CNBM](https://endata.com/companies/63383.md) (partner)

## Sources

- [leadership.ng](https://leadership.ng/chinese-firm-invests-50m-in-fibre-cement-boards-factory-in-abuja/), 2022-06-09: "We source locally. That’s why we have confidence to grow and stay in Nigeria."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.