Lafarge Cement Wapco Nigeria Plc, a unit of Lafarge SA, the world’s largest producer of the building material, named Joseph Hudson as Chief Executive Officer following the resignation of Samy Abdelkader.
The company commented in a statement published on the website of the Nigerian Stock Exchange dated yesterday.
Wapco started output from a new production line at its factory at Ewekoro in Southwestern Nigeria in September. The new facility would double the company’s output to about 4.5 million metric tonnes a year, Abdelkader said on September. 21.
With the expansion, the company’s share of the Nigerian cement market is likely to rise to 19 per cent from 14 per cent, Lagos-based BGL Securities said in a September. 19 note to clients. Dangote Cement Plc, the country’s biggest producer, has a 57 per cent market share, according to its website.
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