September 13, 2018/Cordros Report

In June 2014, Lafarge Group announced the combination of its businesses in Nigeria and South Africa to create a leading Sub-Saharan Africa building materials platform.

LafargeHolcim was formed a year after – and became the majority shareholder in LAFARGE – as a result of the successful merger between two global cement giants.

Overall, we saw a transformation of the cement industry at the global level, that could potentially change the dynamics of the Nigerian cement market from one dominated by Dangote Industries Limited (DIL) through Dangote Cement Plc (DANGCEM) – as is currently happening in the brewery industry.

But looking back, WAPCO was actually better-off alone…

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