‘Lafarge leveraging on ERGP to partner stakeholders in construction solutions’
The Chairman, Lafarge Africa Plc, Mobolaji Balogun, has said that the company will continue to deliver strong and viable construction solutions and building materials sector leveraging on the Economic Recovery and Growth Plan (ERGP). Speaking at a recent event in…
Lafarge Africa sees Rights Issue as step to capacity expansion, profitability
Leading indigenous construction solutions providers, Lafarge Africa Plc, has described its planned rights issue at the floor of the Nigerian Stock Exchange (NSE) as another opportunity to boost investments and drive to capacity expansion feats capable of delivering good returns…
Share swap makes AshakaCem full subsidiary of Lafarge Africa
Rising from a recent Extraordinary General Meeting (EGM) held in Abuja, the Board of AshakaCem has approved the exchange of shares held by its minority shareholders for shares in Lafarge Africa, the majority shareholder. In line with the new arrangement,…
Lafarge target N25b commercial paper before month end, N131.6b rights issue
Final arrangements have been sealed for the issuance of N25 billion in commercial papers from a N60 billion programme by leading cement solutions provider, Lafarge Africa Plc. this month Explaining more on the issue during the recent release of its…
Recession lowered Nigerian demand for cement—Lafarge boss
The chief executive officer of Lafarge AfricaPlc., Michel Puchercos has revealed that the negative impacts of recession touched the housing sector which was seen from the lowered demand within the period till September. In an interview, he explained that “As…
Lafarge roars to four-fold in 2017 year-to-date operating margins
Leading Nigerian cement solutions provider, Lafarge Africa Plc weekend, reported a four-fold increase in operating margins in its financial results for the 9-month period ended September 2017. Whereas operating EBITDA grew to ₦41.7 billion, net sales increased by 39% to…
Lafarge set to add 30MW to national electricity grid next year
Logistics and delivery specifications are set for Lafarge Africa Plc’s 30 mega watts of electricity to be channeled into the national grid by 2018. The Manager of Ewekoro plant, Mr. Segun Soyoye,recently noted that Lafarge currently produces 90 mega watts…
FG commends Lafarge over corporate power generation efforts in host communities
The multi billion naira power plant driven by indigenous cement solutions provider, Lafarge Africa Plc at Ewekoro in Ogun State, has captured the fancy of the federal government. The Minister of Mines and Steel Development, Dr. Kayode Fayemi who paid…
Women largest number of untapped talents in manufacturing sector– Lafarge boss
The management of Lafarge Africa, a member of Lafarge Holcim has joined other corporate citizens in Nigeria to commemorate women at the recent World Women’s Day in Lagos. Speaking during the occasion, the Country Chief Executive Officer, Lafarge Africa, Mr….
