#unicem

Cement price crisis deepens in states, Abuja

PHOTO: AFP • Dealers blame scarcity on transportation, export • Manufacturers say it’s gas pricing, haulage costs Hopes of lower construction costs by prospective homeowners may have been dashed, going by fresh increase in price of cement and related products. The increase has already triggered ripple effect in the open market, where prices have gone up by as much as 60 per cent in recent weeks.…

5 Key Highlights of Lafarge’s Acquisition of UNICEM

1. Nigerian Cement Holdings B.V. (NCH), a 50% affiliate of Lafarge Africa Plc is the SPV that has entered into an agreement with Flour Mills of Nigeria (FMN), for the purchase of Flour Mills of Nigeria’s 30% investment in United Cement Company of Nigeria Ltd (UNICEM). 2. The transaction, comprising the sale of shares and the transfer of loans is structured in 2 approximately equal tranches – with…

Press Release: Flour Mills Plc Divesting From Unicem

Flour Mills Divests from Unicem  The Company (Flour Mills of Nigeria Plc) has notified The Exchange of the sale of its 30% minority equity investment in Unicem. According to the Company, the transaction, comprising the sale of shares and the repayment of loans is structured in two tranches – with first tranche payable during first quarter 2015 and the second tranche due no later than 29th…

Deal: Lafarge Africa To Purchase 30% In UNICEM From Flour Mills

Lafarge Africa confirmed on Monday that it has entered into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria.

Reuters reports the deal will give Lafarge’s Nigerian Cement Holdings complete control of the country’s third-largest cement manufacturer.

The article also confirms the agreement will involve an initial 15 percent tranche to be…

Senior Internal Auditor job at UniCem July 2014 – Nigerian Job Vacancy

In Nigeria, the name, UniCem stands for advanced technology, quality product and the leading supplier of cement in the South-South and South-East regions. As the second largest cement plant in Nigeria, our core activities are the manufacture and sale of Ordinary Portland Cement.

UniCem has its head office based in Calabar and all cement manufacturing operations have been consolidated at the…