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Deep dive
Lafarge Africa Plc, the merger product of WAPCO (West African Portland Cement, founded 1959) and the Lafarge Nigeria operations, is the second-largest cement manufacturer in Nigeria after Dangote Cement. Plants at Ewekoro and Sagamu (Ogun), Mfamosing (Cross River) and Ashaka (Gombe). Controlled by Holcim (Switzerland) after the 2015 LafargeHolcim global merger. The 2024 Huaxin Cement (China) acquisition of Holcim's African assets transferred control of Lafarge Africa to Chinese strategic capital — a significant Sino-African industrial transaction.