HBM Nigeria targets growth after corporate rebranding

Lafarge Africa Plc has officially changed its corporate identity and name to HBM Nigeria Plc, marking a new phase in the company’s operations following changes in its shareholder structure.

The company said in a statement on Monday the transition reflects its strategic evolution as a building solutions provider and aligns with its new ownership arrangement, while maintaining its operations, workforce, customer relationships and commitment to Nigeria’s infrastructure and economic development.

Speaking on the transition, the Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, said the new identity signals a new phase focused on operational efficiency, 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 would be implemented through a phased process across the company’s operations nationwide.

According to him, employees, customers, shareholders, investors, host communities and other stakeholders should expect business continuity, continued investments and sustained efforts to create long-term economic and social value.

Chairman of HBM Nigeria Plc, Gbenga Oyebode, said the transition is intended to position the company for long-term growth while maintaining the values and principles that have guided its operations over the years.

Expressing confidence in the company’s new 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 unveiling, the Minister of Works, David Umahi, commended HBM Nigeria Plc, formerly Lafarge Africa Plc, for its contributions to infrastructure 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.”

Among those present at the event were the Deputy Governor of Cross River State, Peter Odey; the representative of the Lagos State Governor, Olufemi Daramola; and the representative of the Ogun State Governor, Tokunbo Talabi.

Other attendees included government officials, traditional rulers from Cross River, Gombe and Ogun states, current and former board members, members of the company’s executive committee and business leaders.

The company stated that while the corporate identity change has taken effect, the rollout of operational integration processes, branding assets and customer-facing communications will continue across its operations to ensure business continuity and consistency for stakeholders.