Lafarge Africa

What Lafarge Africa does

Lafarge Africa Plc, founded in 1959 and headquartered in Lagos, is a publicly quoted Nigerian cement, aggregates, and concrete producer (Nigerian Exchange ticker WAPCO) operating four manufacturing plants — Ewekoro, Sagamu, Mfamosing, and Ashaka — with combined installed capacity of 10.5 million metric tonnes per annum. Its portfolio spans multipurpose cement, the low carbon ECOPlanet range (Unicem, Elephant) with over 30% CO2 reduction, Watershield waterproof cement, Elephant Supaset for blocks and pre-cast, Ashaka Cem, Supafix mortar, ReadyMix Concrete, aggregates, and the Geocycle waste-to-alternative-fuel service, manufactured using energy-efficient dry process systems. The company serves infrastructure and construction firms, individual home builders, government and public sector projects, and industrial waste producers across Nigeria, distributing through an extensive network of distributors and transporters complemented by direct sales to large projects and retail/hardware channels.

In August 2024, Huaxin Cement Co. Ltd. of China acquired an 83.1% controlling stake from Holcim Group for approximately $1 billion, and the company was subsequently renamed HBM Nigeria Plc following shareholder approval on April 30, 2026. Under Huaxin's ownership, Lafarge Africa announced capacity expansions at Sagamu (to 3.5 MTPA) and Ashaka (to 2 MTPA) and reported FY2025 revenue of N1.1 trillion (up 53% YoY) with profit after tax of N273 billion (up 173%) and a 39.2% net margin, the strongest among Nigerian cement peers. Q1 2026 results reinforced momentum with revenue up 35% and PAT up 101% year-on-year. The business model is predominantly one-time product sale of physical cement, concrete, aggregates, and mortar with volume-based pricing; complementary revenue comes from Geocycle professional waste management services and credit sales to trade partners (receivables up 32% in 9M 2025).

Name

Lafarge Africa

Legal name

Lafarge Africa Plc

Website

https://lafarge.com.ng

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lafarge Africa Plc (now HBM Nigeria Plc) is a publicly listed Nigerian cement, aggregates, and concrete producer operating four plants with 10.5 MTPA capacity, serving infrastructure developers, contractors, individual builders, and government projects under Huaxin Cement ownership.

Ownership category

akta.pro rank

Product category

Building Materials

NAICS

Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273), Ready-Mix Concrete Manufacturing (32732), Other Concrete Product Manufacturing (327390)

SIC

Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

Keywords

• Cement manufacturing
• Ready-mix concrete
• Construction materials
• Low carbon cement
• Waste management services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Cement Sales: Primary revenue stream from cement manufacturing and sales. Lafarge Africa produces various cement types including multipurpose, low carbon (ECOPLANET), waterproof (Watershield), and specialized products for infrastructure, blocks and pre-cast applications. Revenue grew 53% to N1.1 trillion in FY2025.
2. Ready-Mix Concrete: Production and supply of ready-mix concrete solutions for construction projects, complementing the cement product line.
3. Aggregates: Supply of aggregates including sustainably sourced materials and recycled construction waste for concrete, masonry, asphalt, and foundation applications.
4. Mortar Solutions: Specialized mortar products including Supafix for tiling applications, positioned as innovative solutions in the Nigerian market.
5. Waste Management Services (Geocycle): Professional waste management services that convert industrial and municipal waste into alternative fuels, supporting both environmental sustainability and cost optimization in cement production.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Lafarge Africa manufactures and supplies cement, ready-mix concrete, aggregates, mortar solutions, and plaster of Paris for the Nigerian construction sector. The company operates four cement plants with 10.5MTPA installed capacity and also provides Geocycle, a professional waste management service that converts non-recyclable combustible waste into alternative fuel for industrial use.

Product overview

Lafarge Africa is a cement, aggregates, and concrete company operating in Nigeria with a multi-product portfolio centered around building and construction solutions. The company offers cement products under multiple sub-brands including general-purpose cement, low-carbon ECOPlanet variants (Elephant and Unicem), Watershield waterproof cement, Elephant Supaset for blocks and pre-cast, and Ashaka Cem multipurpose cement. Beyond cement, the portfolio includes ReadyMix Concrete, mortar solutions (Supafix), Plaster of Paris (Lafarge SupaWhyte), and Aggregates. The company also provides waste management services through Geocycle, converting non-recyclable waste into alternative industrial fuel. Lafarge Africa operates four plants (Ewekoro, Sagamu, Mfamosing, and Ashaka) with an installed cement production capacity of 10.5MTPA, with expansion plans underway to increase capacity at Ashaka to 2MT and Sagamu to 3.5MT.

Differentiator

Problem solved

Functional benefit

Brands

• ECOPLANET: Low carbon multipurpose cement product line including ECOPlanet Unicem and ECOPlanet Elephant
• Watershield
• Supaset
• Ashaka Cem
• Supafix
• Geocycle
• Lafarge SupaWhyte

Products and services

• Cement Wide range of cement solutions for building and construction, from small individual home projects to major construction projects, including multipurpose, infrastructure, and specialized cement products.
• ECOPlanet Elephant Low carbon multipurpose cement that expands Lafarge Africa's low carbon cement portfolio, designed for sustainable building with reduced CO2 emissions.
• ECOPlanet Unicem Nigeria's first low carbon multipurpose cement delivering superior performance with over 30% reduction in CO2 emissions compared to standard cement.
• Watershield Cement Nigeria's first waterproof cement, an innovative product designed to provide water resistance for construction applications.
• Elephant Supaset Blocks and pre-cast cement product designed for masonry and construction applications.
• Ashaka Cem Multipurpose cement product from the Ashaka Cement plant, designed for various construction needs.
• ReadyMix Concrete Ready-mix concrete solutions delivered to construction sites for various building and infrastructure projects.
• Supafix Mortar Mortar solution designed for tiling applications, efficient particularly for floor and wall applications. The first of its kind in the Nigerian market.
• Lafarge SupaWhyte Plaster of Paris Plaster of Paris product for finishing applications in construction.
• Geocycle Waste Management Service Nigeria's first full-fledged professional waste management service provider, handling waste from different sectors in a safe, sustainable, and environmentally-friendly manner. Converts non-recyclable combustible waste into alternative fuel for industrial use.
• Aggregates Range of aggregates from sustainably sourced materials to recycled construction and demolition waste, providing raw materials for concrete, masonry and asphalt, as well as foundation for buildings, roads and landfills.

Quantifiable outcome

• Revenue growth of 53% to N1.1 trillion in FY2025
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators10 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Dangote Cement Plc: Largest cement producer in Nigeria and Africa, with integrated operations across cement, ready-mix, and aggregates. Directly competes with Lafarge Africa in Southwest and Northern Nigerian markets with comparable product portfolios and similar large-infrastructure customer base.
• BUA Cement Plc: Nigerian cement producer with multiple plants including Sokoto and Kalambaina, competing head-to-head with Lafarge Africa on price, distribution, and bulk-cement supply to infrastructure projects. Comparable business model and customer base within Nigeria.

Broad incumbents

• Holcim Ltd (formerly LafargeHolcim): Former parent company of Lafarge Africa before selling its 83.1% stake to Huaxin Cement in 2024. Global cement and aggregates leader with overlapping product technology (ECOPLANET low-carbon cement originated from Holcim). Comparable product portfolio and R&D pipeline.
• Heidelberg Materials: Global cement and aggregates major with operations across Africa (including Tanzania, Ghana, Togo, DRC, and Liberia). Competes with Lafarge Africa in West African markets and shares comparable product breadth and sustainability positioning.
• Huaxin Cement Co. Ltd. Chinese cement major and 83.1% parent of Lafarge Africa, listed on Shanghai and Hong Kong exchanges. Among the world's top 10 cement groups, providing Lafarge Africa with technology, capital, and operational expertise; comparable low-carbon cement technology roadmap.
• CRH plc: Irish-headquartered global building materials leader operating in cement, aggregates, and ready-mix concrete. Comparable integrated heavy-side building materials business model with overlapping infrastructure customer base.
• Titan Cement International: Multinational cement and building materials producer with operations in Greece, Southeast Europe, North America, and Egypt/Turkey. Comparable integrated cement, ready-mix, and aggregates portfolio targeting infrastructure and construction demand.

Regional players

• PPC Ltd (now part of InterCement): South African-based cement producer with operations in South Africa, Botswana, DRC, Rwanda, and Zimbabwe. Comparable vertically integrated cement-and-aggregates business model targeting similar infrastructure-driven demand patterns in Sub-Saharan Africa.
• Ciments de l'Afrique (CIMAF): Moroccan-owned cement group operating grinding stations and plants across multiple West and Central African countries including Cameroon, Côte d'Ivoire, Senegal, and Ghana. Direct regional competitor targeting the same West African construction and infrastructure customers.
• Bamburi Cement (Amsons Group): East Africa's leading cement producer with operations in Kenya and Tanzania (recently acquired by Tanzanian Amsons Group). Comparable integrated cement and concrete business model and infrastructure-customer base in Sub-Saharan Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lafarge_africa
• YouTubeyoutube.com/channel/UC36hSKGNPweuwcbW0ZtgpQw/videos
• Facebookfacebook.com/lafargeafricaplc
• LinkedInlinkedin.com/company/lafargeafrica
• Instagraminstagram.com/lafarge__africa

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lafarge Africa