Lafarge Africa mulls EGM to seek approval for debt to equities conversion, others
Leading cement solutions conglomerate, Lafarge Africa Plc., is set to convene extraordinary general meeting (EGM) to consider strategic resolutions, including understanding to convert about N6.8 billion of its foreign core investor, LafargeHolcim to additional shareholdings in Lafarge Africa, its Nigerian…
Lafarge Africa moves to pay N13bn in dividends due to strong EBITDA margin, others
Successful right issue that was concluded in March this year and excellent EBITDA margin in possession are among the key indicators that encouraged leading cement and construction solutions providers, Lafarge Africa Plc declared a dividend of N1.50 per share totaling…
Like parent firm, AshakaCem begins N11bn power plant to drive production
Ashaka Cement Plc, a subsidiary of Lafarge Africa and a member of the LafargeHolcim Group, has commenced the construction of a 16-megawatts power plant that is expected to be completed by 2019. It would be recalled that Lafarge Africa had…
Lafarge leads others to launch GCCA for sustainable construction activities
Leading global cement solutions providers, LafargeHolcim has partnered other eight global brands in cement and concrete sector to introduce the Global Cement and Concrete Association (GCCA). This is coming at a time Lafarge Africa Plc, has rewarded customers from the…
Continental cement merchant, Dangote eyeing South Africa’s cement company
Leading industrialist and emerging continental cement conglomerate investor, Aliko Dangote, has been linked to a fresh move to buy into PPC Group Limited, by way of counteroffers to bid for South Africa’s largest cement company. A credible source in the…
Holcim mulls resting Nigerian company, set to vote on August 21 meeting
Indications have emerged that Holcim Nigeria is set to pass a resolution on August 21 to dissolve the company after its Swiss-based parent firm merged with French rival Lafarge two years ago. Holcim Nigeria is now part of Lafarge Africa…
Lafarge Africa deepens construction solutions with ‘Easy Home’ scheme
Leading indigenous cement producer, Lafarge Africa Plc, a member of LafargeHolcim, has taken its services in delivering construction and housing solutions to another with the unveiling of a target housing scheme tagged; ‘Easy Home’. Coming as ‘Build Easy, Lafarge Pragmatic…
How synergies, pricing, disciplined cost management drove LafargeHolcim Q4 earnings
The released fourth quarter result of leading global cement solutions conglomerate, LafargeHolcim has shown gross positive performance in all segments of the company’s activities. Whereas cash flow growth improved margins underpin achievement of adjusted operating EBITDA full year target to…
