Austin Laz & Co. Plc
NNSENG:AUSTINLAZ2.90
NGN
-0.28
(-8.81%)
ISIN
NGAUSTINLAZ9
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
42.86
81.12
5Y
42.86
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Austin L. A. Asimonye
- Sector
- Consumer durables
- Industry
- Electronics/Appliances
- Address
- Benin City Nigeria
- IPO Date
- Mar 2, 2012
- Website
- austinlaz.com.ng
- Similar Companies
- Business
- Austin Laz & Co. Plc is a Nigeria-based indigenous manufacturing company that designs, fabricates, and distributes industrial refrigeration equipment, construction materials, and thermoplastic products. Founded in 1982 and headquartered in Benin City, Edo State, Nigeria, the company caters to residential, commercial, and industrial clients across the Nigerian market. Austin Laz & Co. Plc organizes its operations into three core divisions: Refrigeration and Cooling Systems, Building and Construction Materials, and Thermoplastics. Its product portfolio comprises commercial and industrial ice block making machines, including the proprietary Austin Lazarus Ice Machine; commercial ice cream machines; insulated thermoplastic coolers and food warmers marketed under the First Lady and Sonia brand names; aluminum long-span roofing sheets; metro-step and glazed roofing tiles; architectural wall panels; fabricated polyvinyl chloride (PVC) windows and doors; and disposable thermoplastic consumer products, such as plastic plates, food containers, cups, and cutlery. In recent corporate developments, the company successfully restarted its manufacturing operations following an extended operational suspension, achieving an operational turnaround with over N1.3 billion in turnover. Furthermore, the company entered into advanced strategic partnership and merger negotiations with Building Materials Technology Industries (BMT Industries) to integrate non-metallic building solutions and establish BMT as a core investor. To support operational expansion and facility upgrades, shareholders formally approved a N2.1 billion capital raise through a private placement, business combination, or hybrid transaction structure.