FIMA Industries: New Major Contract in Nigeria

Styrian Environmental Technology Specialist Secures €31.4 Million Contract to Combat Waste Problems in Lagos, Nigeria

Graz/Lagos, October 2024
Austria/Nigeria – FIMA Industries GmbH, an international leader in environmental technology, has secured another major export contract through its German subsidiary. The contract includes the construction of three state-of-the-art waste treatment plants and the delivery of waste collection vehicles to Lagos, Nigeria. With a contract value of €31.4 million, this represents a significant milestone in FIMA’s global expansion, following the recently completed major project in Ghana.
The signing ceremony took place in the presence of Johannes Lehne, Envoy of the Federal Republic of Germany in Abuja, who emphasized the importance of international cooperation for sustainable development and highlighted the German value-added contribution to the project. Notably, the German government’s contribution, facilitated through Euler Hermes, played a crucial role in securing the contract.

“This contract demonstrates the strong demand for our waste management solutions across the African continent,” said Markus Maierhofer, Managing Director of FIMA Industries. “Together with our partner KOMPTECH, we hold the largest global references and are proud to now contribute significantly to solving the waste issues in Nigeria as well.”
Under the project, FIMA Industries will supply the waste treatment plants, while Faun Umwelttechnik will provide waste collection vehicles valued at an additional €10 million. Together with Zoomlion Ghana Limited, Africa’s largest waste management company, and Zoomlion Nigeria, the project aims to address Lagos‘ chronic waste issues on a long-term basis.

H.E. Babajide Sanwo-Olu, Governor of Lagos State, commented: “Collaborating with leading international companies such as FIMA Industries and Faun Umwelttechnik is critical to our strategy of making Lagos a cleaner and more sustainable city. This project will not only drastically reduce waste levels but will also positively impact job creation and the environment.”

The Challenge:
Lagos produces 14,000 tons of waste daily, most of which ends up in landfills. Environmental pollution and uncontrolled CO₂ emissions pose enormous challenges, further exacerbated by the city’s rapid population growth.


The Solution:
In partnership with KOMPTECH, FIMA Industries will build three modern waste treatment plants designed to recycle valuable materials such as plastic, paper, and metals, and process organic waste into compost for agricultural use. Faun Umwelttechnik will supply specialized waste collection vehicles to optimize waste logistics.

Contract Details:

Environmental and Social Impact:
The project is expected to create 4,232 direct and indirect jobs, with 50% of new technical positions specifically allocated to women. Additionally, the project is expected to save approximately 1.28 million tons of CO₂ emissions and significantly contribute to the economic development of Lagos State.
“This project is a game-changer in tackling the waste problem, which has been aggravated by urbanization and massive population growth in Lagos,” added Maierhofer. “It represents a key step in realizing our vision of establishing sustainable and innovative solutions worldwide.”

FIMA Industries GmbH
FIMA Industries is an Austrian company and a spin-off of KOMPTECH GmbH, specializing in the construction of recycling plants and equipment for waste management. It is a leading player in the African market. With extensive references across sub-Saharan Africa, FIMA offers tailored solutions in waste management and green infrastructure.

FAUN Group
The FAUN Group employs over 2,300 people worldwide and is one of Europe’s leading providers of waste collection vehicles, sweepers, and hydrogen-powered utility vehicles. FAUN operates 17 facilities in nine countries. The group’s headquarters are in Osterholz-Scharmbeck, Lower Saxony, and FAUN closed the last fiscal year with €680 million in revenue. FAUN is part of KIRCHHOFF Ecotec, the environmental division of the global KIRCHHOFF Group.
In 2023, KIRCHHOFF Group generated €3.0 billion in revenue with 13,500 employees across its four business divisions: Automotive, Tools, Vehicle Conversions, and Municipal Technology. The company operates 59 plants in 22 countries across five continents.

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