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

New Material Nigeria Limited, part of the Sinoma/CNBM group, opened a new factory in Kuje, Abuja, Nigeria, to produce fibre cement boards with an annual capacity of 5 million square meters, employing over 120 Nigerians.

- Type: New facility
- Announced: 2022-07-27
- Where: Kuje, Abuja, Nigeria, Nigeria
- Value: $50.0M
- Jobs: 120
- Starts operating: 27 Jul 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) (investor)
- [Sinoma/CNBM](https://endata.com/companies/63383.md) (partner)

## Sources

- [daybreak.ng](https://daybreak.ng/chinese-company-invests-50m-in-new-building-materials-factory-in-abuja/), 2022-07-27: "New Material Nigeria Limited, recently opened its factory in Kuje area of Abuja, its first outside China and is already producing fibre cement boards of global standards."
- [constructionreviewonline.com](https://constructionreviewonline.com/us-50m-fibre-cement-board-factory-in-abuja-nigeria-opened/), 2022-07-29: "Yeah, we source locally. That’s why we have the 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.