HBM Nigeria Plc

Activity by year

20252026

AcquisitionExpansion

Jun 25, 2026EXPANSIONAshaka and Sagamu, Nigeria, Nigeriaops Dec 2026
HBM Nigeria plans 5.5Mt cement capacity expansion
HBM Nigeria Plc (formerly Lafarge Africa) announced plans to add 5.5 million tonnes of cement capacity in Nigeria: a 2Mt expansion at Ashaka by December 2026 and a 3.5Mt plant in Sagamu by January 2027. The expansion follows Huaxin Cement's $1bn acquisition of a majority stake.
HBM Nigeria Plc Huaxin Cement investor #Construction Materials cemnet.com independent.ng thesun.ng
Aug 1, 2025ACQUISITIONNigeria, Nigeria$773.0M
Huaxin Cement acquires 83.81% stake in Lafarge Africa for $773M
Huaxin Cement completed the acquisition of an 83.81% stake in Lafarge Africa Plc for $773 million, becoming the largest shareholder. Lafarge Africa operates four cement plants in Nigeria with annual capacity of 10.6 million tonnes.
Holcim partner Huaxin Cement acquirer Lafarge Africa target HBM Nigeria Plc target #Construction Materials finance.sina.com.cn businessday.ng

Site	Largest	Latest
Ashaka and Sagamu, Nigeria		2026-06-25

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