BASF capitalises on Lagos building boom with new concrete admixtures plant
Published on 20/10/2015
German construction giant BASF has opened a new concrete admixtures plant in Lagos, putting the company in an ideal position to meet the Nigerian construction industry's surging demand for building chemicals.
“We as experts in construction chemistry are where our customers need us with the foremost aim to fulfil the many needs and requirements of the industry in Nigeria,” said BASF’s West Africa country manager Nair Narayanan. The plant will help BASF cut lead times in its supply chain, as well as allowing it to offer custom solutions to its Nigerian and West African clients.
“This new production facility will strengthen the product portfolio in the region, and, while meeting the demands for the broader construction industry, it will also introduce the company’s expertise in world leading technology into the region such as energy efficiency in construction techniques,” added Laurent Tainturier, BASF Senior Vice President Europe East, CIS, Middle East and Africa
Nigeria is making serious economic progress, particularly in its booming building sector. Construction output is growing 8% annually thanks to increasing urbanisation, and even huge projects like the $6bn Eko Atlantic City development, which will provide housing for 250,000 people, will only make a small dent in the housing deficit of Nigeria – which needs one and a half million new homes each year. BASF are one of many foreign firms taking a slice of the market, and other companies from Ireland to Switzerland are finding joy in Nigeria’s exciting building sector.