Building solutions provider Lafarge Africa Plc has officially changed its corporate identity and name to HBM Nigeria Plc. The transition follows a $1 billion takeover by Chinese cement manufacturer Huaxin Building Materials (HBM).
The structural rebranding was finalized after a majority shareholder vote at the company’s 67th Annual General Meeting (AGM), led by Board Chairman Gbenga Oyebode. The name change marks the formal alignment of the premium-listed construction giant with its new majority ownership structure, following Huaxin’s acquisition of an 83.8% stake in the business.
Company executives confirmed that the rollout of the new corporate identity, localized branding assets, and customer communications will occur in a progressive, phased process across nationwide production facilities.
Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, assured employees, investors, and distributors of complete business continuity throughout the transition. He emphasized that the shift will not disrupt manufacturing operations, workforce employment, or its existing supply contracts, stating that HBM Nigeria Plc remains focused on delivering quality cement, aggregates, and ready-mix concrete to support local housing and infrastructure development.
Speaking at the unveiling event in Lagos, Minister of Works David Umahi commended the cement manufacturer for its long-term contributions to Nigeria’s public infrastructure projects, praising the high quality and integrity of the firm’s construction materials. The rebranding ceremony was attended by high-level public officials and corporate executives, including the Deputy Governor of Cross River State, Peter Odey, alongside state representatives from Lagos and Ogun.
