A new chapter has begun for Lafarge Africa Plc as the company officially unveiled its new corporate identity and name—HBM Nigeria Plc. The transition marks a significant milestone in the company’s transformation journey and strategic alignment with its new shareholder structure.
The change to HBM Nigeria Plc reflects the company’s continued evolution as one of Nigeria’s leading building solutions providers, combining strong local roots with enhanced global industrial collaboration. The company reaffirmed that the name change will not affect its operations, workforce, customers, shareholders, or its unwavering commitment to Nigeria’s economic growth and infrastructure development.
Speaking on the transition, the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, said the new identity signals a forward-looking phase for the company, driven by operational excellence, innovation, sustainability, and long-term value creation.
HBM Nigeria Plc represents an exciting new chapter in our journey as a leading building solutions company. While our corporate identity is evolving, our commitment to Nigeria remains unwavering. We remain focused on delivering quality cement, concrete, aggregates, and innovative building solutions that support infrastructure development, housing growth, and industrialisation. This transition positions us for the future while reinforcing the values of excellence, sustainability, customer satisfaction, and responsible business practices that have defined our legacy for decades, Alade-Akinyemi said.
He explained that the transition to HBM Nigeria Plc will be implemented through a structured, phased process across the company’s nationwide operations. He added that employees, customers, shareholders, investors, host communities, and other stakeholders should expect seamless business continuity, sustained investments across the country, and an even stronger focus on creating long-term economic and social value.
In his remarks, the Chairman of HBM Nigeria Plc, Gbenga Oyebode, said the transition is designed to position the company for enduring success while remaining true to the values and principles that have shaped its legacy over the decades.
Expressing the Board’s confidence in the new corporate identity, Oyebode said, “I would like to express my sincere appreciation to our shareholders for their continued trust, to the Board and Management for their leadership, and to our employees whose dedication and commitment continue to drive the company forward. We are confident that HBM Nigeria Plc will continue to create sustainable value for shareholders, strengthen stakeholder trust, and deliver on its long-term ambitions.”
Also speaking at the event, the Minister of Works, Dave Umahi, commended HBM Nigeria Plc (formerly Lafarge Africa Plc) for its significant contributions to Nigeria’s infrastructure development by delivering landmark projects across the country.
Highlighting the company’s role in supporting the Federal Government’s infrastructure agenda, he said, “I can talk about Lafarge for a whole day because we have come a long way. Though the company is very strict and of high integrity, I can say that their products are impeccable.”
The roll call of dignitaries that were in attendance at the unveiling includes the Deputy Governor of Cross River State, Rt. Hon Peter Odey; representative of the Lagos State Governor, Adekunle Olayinka and representative of the Ogun State Governor, Mr Tokunbo Talabi.
Other dignitaries at the event, were drawn from government stakeholders, include traditional fathers from Cross River, Gombe and Ogun States, old and current board members, the company’s executive committee members, captains of industry, and a host of others.
While the corporate identity has officially changed, the rollout of operational integration, branding assets, and customer-facing communications will continue progressively across all touchpoints to ensure consistency, business continuity, and a seamless experience for all stakeholders.
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ABOUT HBM NIGERIA PLC
HBM Nigeria Plc, formerly known as Lafarge Africa Plc, is a leading Nigerian building solutions company and a member of the Huaxin Building Materials Group, a globally recognized manufacturer of construction materials founded in 1907 and headquartered in Wuhan, China.
Listed on the Nigerian Exchange Limited (NGX), HBM Nigeria Plc is actively participating in the urbanisation and economic growth of Nigeria, the largest economy in Africa.
HBM Nigeria Plc has the widest footprint in Nigeria, with cement manufacturing operations in the South West (Ewekoro and Sagamu in Ogun State) and the North East (Ashaka in Gombe State), and in the South East (Mfamosing, Cross River State), with Ready-Mix operations in Lagos, Abuja, and Port Harcourt. HBM Nigeria Plc has a current installed cement production capacity of 10.5 Mtpa.
HBM Nigeria Plc leverages its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. HBM Nigeria Plc is renowned for the production of a wide range of cement solutions designed to meet all building and construction needs, from small projects like individual home buildings to major construction projects.
Additional information is available on the website at www.hbmngplc.com
CONTACT
Ginikanwa Frank-Durugbor
Head, Corporate Communications
[email protected]
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