Lafarge Africa shareholders approve merger with United Cement Company of Nigeria and Atlas Cement

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Nigeria: The shareholders of Lafarge Africa have approved the merger with United Cement Company of Nigeria (Unicem) and Atlas Cement. Lafarge Africa chairman Bolaji Balogun said that the merger would streamline its operations and reduce its costs, according to the Nigerian Guardian newspaper. Lafarge Africa is the sole shareholder of Unicem and Atlas Cement.

Unicem operates the 5Mt/yr Mfamsoing cement plant at Calabar in Cross River State. Atlas Cement runs a 0.5Mt/yr terminal in Rivers State at the Federal Ocean Terminal in Onne. It originally supplied Ordinary Portland Cement but is now changing its market to the oil and gas sector.

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URL: https://globalcement.com/news/item/6777-lafarge-africa-shareholders-approve-merger-with-united-cement-company-of-nigeria-and-atlas-cement

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