Displaying items by tag: Lafarge Africa

Nigeria: LafargeHolcim subsidiary Lafarge Africa plans to invest US$8m on an upgrade to the electrostatic precipitator filters at the bagging plant at its Ewekero cement plant. The Punch newspaper has reported that the upgrade requires a six-month shutdown of the unit’s kilns to make the changes. Chief executive officer Khaled El-Dokani said that the investment ‘underscores the company’s commitment’ to sustainability.

Ghana/Nigeria: LafargeHolcim subsidiary Lafarge Africa plans to sell its 35% subsidiary Continental Blue Investment (CBI) Ghana. CBI Ghana runs the Supacem brand from the Tema Free Zone near Accra. It reportedly started building a cement grinding plant at the site in 2017 for a cost of US$55m.

Nigeria: The Standards Organisation of Nigeria (SON) has awarded Mandatory Conformity Assessment Programme product quality certificates to Lafarge Africa. The certificates were presented after the company’s Mfamosing cement plant met confirmatory and standardisation requirements set by the SON, according to the Punch newspaper. The subsidiary of Switzerland-based LafargeHolcim said that the certifications further demonstrated its commitment to ensuring quality assurance and compliance with the relevant product standards within the regulatory framework of the government. The certification process followed a series of inspections and connected analysis.

Nigeria: LafargeHolcim subsidiary Lafarge Africa has launched a national essay competition entitled “Building the Nigeria of My Dreams.” The competition is open to all primary and secondary school pupils. The producer says that it ’further affirms the company’s commitment to bridging the literacy gap in Nigeria.’ It said, “This will help improve literacy amongst young adults and also engender loyalty to the nation as they will write about their hopes and aspirations of the Nigerian nation they desire. The online essay competition aligns with reports that show that citizens do much better when they are literate as they become equipped to become better adults and even more successful in their careers.”

Chief executive officer (CEO) Khaled El-Dokani said, "We recognise that the depth and quality of a country’s human capital are as important as its physical infrastructure, hence our investment over the past seven years in enhancing the Nigerian educational sector just as we are committed to empowering Nigerians through our world class building solutions.” He continued, “One of our key sustainability priorities at Lafarge Africa is our commitment to our communities through education and we are actively collaborating with the government and the private sector to improve the country's literacy ratio towards making an impact in reducing the World Bank estimate which states that over 80% of Nigerian primary school leavers cannot read.”

Communications, public affairs and sustainable development director Folashade Ambrose-Medebem said, “We have so far impacted more than 700,000 primary school pupils in 1665 schools across 544 local government areas (LGAs). Our volunteers, who are employees of Lafarge Africa have spent over 6212hr with over 250 public primary students. This crucial involvement shows our genuine concerns about Nigeria’s literacy gap and commitment towards bridging that gap.”

Nigeria: Dangote Cement and Bua Cement have been allowed to export goods by land following a closure of land borders in mid 2019 due to smuggling. The government has granted permission for Dangote Cement to export its products to Niger and Togo, according to the Business Live newspaper. Bua Group has also received approval. However, Lafarge Africa has reportedly not yet received permission.

Nigeria: LafargeHolcim subsidiary Lafarge Africa recorded sales worth US$471m in the first nine months of 2020, up by 10% year-on-year from US$427m in the corresponding period of 2019. Its recurring earnings before interest and taxation (EBIT) increased by 15.7% to US$108m from US$93m.

Chief executive officer (CEO) Khaled El Dokani said, “Our robust results for the first nine months reflect the strong recovery of the demand in the third quarter and the successful implementation of our ‘Health, Cost & Ccash' initiatives.” He added that this was despite the impact of coronavirus and negative local currency effects.

Nigeria: LafargeHolcim subsidiary Lafarge Africa says that it has signed an agreement with the Cross River State government to build a 38km concrete road connecting its local cement plant to the wider network. Chief executive officer (CEO) Khaled El Dokani said the project was a major contribution of Lafarge to the state at large with the purpose of making the roads safer for the citizens. The road is intended to divert trucks away from a nearby city centre once it is completed.

Nigeria: Lafarge Africa has made a donation of US$1.29m to the battle against Covid-19 in Nigeria. Business Day news has reported that the money will go towards “various initiatives aimed at fighting the pandemic.” Lafarge Africa previously gave the use of three of its facilities and donated personal protective equipment (PPE) for the isolation and treatment of Coronavrius patients in April 2020.

Nigeria: Lafarge Africa says it is preparing for reduced revenue in the second quarter of 2020 due to subdued activity in the construction sector caused by lockdown measures related to the coronavirus outbreak. Its revenue grew by 10% year-on-year to US$164m in the first quarter of 2020 from US$149m in the same period in 2019. Its profit after tax more than doubled to US$20.8m. First quarter sales were driven by growing cement sales that compensated for slowing aggregate and concrete sales. Managing director Khaled El Dokani said that despite, short-term disruptions due to the epidemic, the subsidiary of LafargeHolcim was confident of the resilience of its business.

Nigeria: Lafarge Africa has appointed Adebode Adefioye as its new chairman with effect from 4 June 2020. He succeeds Mobolaji Balogun, who has decided to retire from the role.

Adefioye, a non-executive director of the company, is the chairman of the board finance and strategy committee, chairman of the board property optimisation committee and a member of the nominations, governance and remuneration committee. He has also served on the statutory audit committee and the risk management and ethics committee.

Adefioye holds over 32 years experience in different industries and is a graduate of the University of Lagos with Masters of Science degree. He is a member of the Institute of Directors and the Institute of Public Analysts of Nigeria. He was appointed to the board of directors in late 2012 and currently sits on the boards of Wema Bank and Eterna. He also resides on the governing council of Bank Directors Association in Nigeria. Adefioye will step down from all board committees of Lafarge Africa on assumption of the role as chairman of the board.

Balogun has worked for Lafarge Africa for over 15 years, having joined the board in 2005. He served for the first 10 years as a non-executive director and was appointed chairman in mid-2015.