Lafarge Unveils New Corporate Identity, Changes Name to HBM Nigeria Plc
Summarized and contextualized by DistantNews.
At a glance
- Lafarge Africa Plc has officially changed its name to HBM Nigeria Plc, signaling a new corporate identity and a milestone in its transformation journey.
- The name change reflects the company's evolution as a leading building solutions provider, integrating local strengths with global industrial collaboration under its new shareholder structure.
- Company leadership affirmed that the transition will not impact operations, workforce, or customers, and reaffirmed its commitment to Nigeria's economic growth and infrastructure development.
Lafarge Africa Plc has embarked on a significant transformation, officially unveiling a new corporate identity and name: HBM Nigeria Plc. This rebranding marks a pivotal moment in the company's evolution, aligning with its new shareholder structure and reinforcing its position as a premier building solutions provider in Nigeria.
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.
The transition signifies the company's ongoing development, combining its established local presence with enhanced global industrial partnerships. According to a press release, the change to HBM Nigeria Plc reflects this dynamic, underscoring a commitment to Nigeria's industrial growth and infrastructure development.
Company executives have assured stakeholders that the name change will not disrupt operations, affect the workforce, or alter relationships with customers and shareholders. Lolu Alade-Akinyemi, the Group Managing Director/CEO, stated that the new identity ushers in a forward-looking phase focused on operational excellence, innovation, sustainability, and long-term value creation.
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 further explained that HBM Nigeria Plc is positioned for the future while upholding the core values of excellence, sustainability, customer satisfaction, and responsible business practices that have defined the company for decades. The transition will be implemented in phases across its nationwide operations, ensuring seamless business continuity and sustained investments.
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.
Gbenga Oyebode, Chairman of HBM Nigeria Plc, expressed confidence in the new corporate identity, emphasizing its role in positioning the company for enduring success. He thanked shareholders, the board, and employees for their contributions, stating that HBM Nigeria Plc is set to create sustainable value, strengthen stakeholder trust, and achieve its long-term ambitions.
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.
Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.