French cement producer Lafarge Cement Wapco Plc. plans to double its operational facility in Nigeria by investing an additional €1 billion ($1.37 billion) in the next three to four years, Ventures Africa reports.
Lafarge plans to double the number of plants it currently has in the country from the current eight million Metric Tonnes (MT) to 16 million MT within this period, Country CEO Nigeria and Benin Republic, Guillaume Roux, said while noting that the Lafarge had invested more than €1 billion in the country since 2008. The proposed investment will enable Lafarge complete the expansion of its plant in Calabar and the Ashaka Cement in the North.
Read the full article here: http://www.ventures-africa.com/2014/03/lafarge-cement-to-invest-1-37bn-in-nigeria-expansion-project/