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Lafarge Group and Holcim

Lafarge Group and Holcim completes $40b merger

Lafarge Group and Holcim have successfully completed its $40 billion merger following the successful completion of the merger between Lafarge Group of France and Swiss Company Holcim.

The new group to be known as LafargeHolcim will now work towards creating one of the highest performing companies in the building materials industry.

The company said in a statement in Lagos on Friday that “the merger would have a positive impact on the ongoing consolidation of the Nigerian operations under Lafarge Africa Plc as United Cement Company of Nigeria (UniCem).

“The joint venture between Lafarge and Holcim in Cross River State would now join the other operations – AshakaCem in Gombe, Atlas terminal in Rivers, WAPCO Operations in Ogun – as well as its Aggregates and Readymix sites across the country as a member of LafargeHolcim in Nigeria.”

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The area manager, Nigeria & West Africa, Peter Hoddinott, who takes over leadership of Lafarge Africa Plc, stated that the union of the world’s two biggest building materials companies marks a milestone in the company’s commitment to providing the best cement, concrete and aggregates products to Nigerians. He affirmed that the company, which would still be known in Nigeria as Lafarge Africa Plc, would continue to play a key role in the economic development of Nigeria by leveraging on LafargeHolcim Group’s combined technical excellence and years of operation for the continuous production of building solutions that are best in quality, innovative, available and affordable.

Hoddinott said, “We aim to be the best in our sector through excellence in health and safety which is our overarching value, quality, customer service, community relations, and overall enhanced value to our stakeholders. We will create a stronger company that is able to make more solid investment in Nigeria and be better able to assist in delivering more affordable housing as well as support for socioeconomic progress through CSR activities.

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