Improved operating efficiency buoys a positive outlook for Lafarge Africa Plc presents Facts Behind the Figures at the Nigerian Stock Exchange

07.10.2020
 

Lafarge Africa Plc, a member of the LafargeHolcim group, the global leader in building materials and solutions, today, Thursday, 17 September 2020, presented the Facts Behind the Figures on the floor of the Nigerian Stock Exchange (NSE) to the investing public and participated in a digital Closing Gong Ceremony. The company during the session showcased the positive turn-around in the company’s Q2 2020 and H1 2020 performance.

The Country Chief Executive Officer, Mr. Khaled El Dokani while making his presentation remarked: ‘The proactive measures we have put in place as a business have been instrumental to the positive results we have seen. The health and safety of employees, communities and other stakeholders remain at the heart of our operations especially at this time with the COVID-19 Pandemic.’

El Dokani, further said: “Our route-to-market strategy has proven to be effective, particularly, our expanded distribution network which proved very valuable during the peak of the COVID-19 pandemic lockdown. We have steadily expanded our retail footprint in our core markets. The recent re-launch of our Supaset brand has continued to gain traction with our customers, especially with the block makers.’

The CEO of the Nigerian Stock Exchange Oscar Onyema said ‘xxxx’.

LafargeHolcim prides itself as a company in the forefront of reducing the environmental impact of manufacturing by ensuring its operations all over the world comply strictly with international regulations and the voluntary commitments it has made to reduce carbon emissions.

The majority of Lafarge Africa plants are environmental management system (EMS) certified to ISO 14001:2015. El Dokani explained that Lafarge Africa’s initiatives are designed to contribute to the attainement of the Sustainability Development Goals. The company commits to best practices such as minimizing the use of water and replacing sources of water in communities, adopting non-polluting forms of renewable energy and recycling materials.

 

About Lafarge Africa Plc

Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company is a subsidiary of LafargeHolcim, a world leader in building materials. Listed on the Nigerian Stock Exchange, Lafarge Africa is actively participating in the urbanization and economic growth of Nigeria, the largest economy in Africa.

 

Lafarge Africa has the widest footprint in Nigeria with cement operations in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State) with Ready-Mix operations in Lagos, Abuja and Port Harcourt. Lafarge Africa has a current installed cement production capacity of 10.5Mtpa.

Lafarge Africa leverages on its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. Additional information is available on the web site at www.lafarge.com.ng

 

About LafargeHolcim

LafargeHolcim is the global leader in building materials and solutions. We are active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim materials and solutions are driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries.

 

CONTACT

Folashade Ambrose-Medebem

Director, Communications, Public Affairs and

Sustainable Development

Folashade.ambrosemedebem@lafargeholcim.com