HBM Nigeria Plc has assured stakeholders that its operations, workforce, customer relationships and long-term investments in Nigeria will remain intact following the completion of a $1 billion acquisition that led to the company’s transition from Lafarge Africa Plc.
The company formally unveiled its new identity in Lagos, marking a major shift in ownership after shareholders approved the change during its 67th Annual General Meeting. The rebranding aligns the cement producer with its new parent company, China-based Huaxin Building Materials, while maintaining its position as one of Nigeria’s leading suppliers of cement and construction materials.
The transition is expected to strengthen international partnerships and support future expansion plans across the country. Brandspur Brand News reports that the company said the change in name represents a new phase focused on efficiency, innovation, sustainability and long-term value creation.
Management said the rebranding process would be implemented gradually across its nationwide operations, with customers, employees, investors and host communities expected to experience uninterrupted services and continued investment. The company also reiterated its commitment to supporting infrastructure development, housing and industrial growth.
Board Chairman Gbenga Oyebode expressed confidence that the new corporate identity would enhance shareholder value and reinforce stakeholder trust while preserving the legacy built over decades.
Minister of Works David Umahi praised the company’s contributions to major infrastructure projects nationwide, describing its products as reliable and commending its role in advancing the Federal Government’s development agenda.
Government officials, traditional rulers, business leaders and former board members attended the unveiling ceremony as HBM Nigeria Plc begins the phased rollout of its new identity across all customer and operational platforms.
