Crystal Blocks & Concretes Industries

Crystal Blocks & Concretes Industries is a division of FEMAB PROPERTIES LIMITED, which produces and sells blocks for building to various builders and contractors. The block production sites are located at prime areas in Ikorodu and Lekki due to the nearness to the market, as various residential estates are being developed in these areas.

The division has a total production capacity of about 40,000 units of blocks per week with a current capacity utilization of about 40%. Market is readily available as all production volumes are being sold. Sales are normally in cash. However in very rare cases credit sales could be estimated at below 5% and settlements usually take place within 4 weeks after sale. Major buyers are medium, corporate and individual building contractors within Lagos and Ikorodu. However over 50% of CRYSTAL BLOCKS production is being used by Femab Properties for its various projects.

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