Cement News tagged under: Lafarge WAPCO

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Nigeria: managing the surplus

18 February 2013, Published under Cement News

Earlier this week United Cement Company of Nigeria Ltd (Unicem) became the latest domestic producer to announce a new round of investment as it aims to double capacity by 2016. But with the country's recent drive to increase volumes resulting in the present-day overcapacity situation, particularly in the southwest, how will the market deal with the situation and what measures are producers taking to manage the surplus?   The last two years have seen Nigeria come of age, at once becoming sel...

Nigeria: Lafarge wins excellence awards

12 February 2013, Published under Cement News

Lafarge Cement WAPCO Nigeria Plc has won nine awards for excellence from different stakeholders and organisations in the past year. The awards span different keys areas in which the company has made significant impact. The awards include: best risk management business unit, NSITF-NECA workplace safety award, highest dividend growth stock for the year, best media-supporting corporate organisation and best cement company of the year. Commenting on the various recognitions the company has rec...

Federal government steps in to help resolve oversupply dispute, Nigeria

07 January 2013, Published under Cement News

Nigeria’s Federal Ministry of Trade and Investment has stepped in to mediate in a dispute over a supply surplus being created in the local industry. Last week, a statement by Dangote Cement's head of corporate communications Anthony Chiejina said that Dangote and Lafarge WAPCO Cement were worried about Ibeto Cement Company continuing to import cement into Nigeria, despite the capacity of local manufacturers to meet demand. The oversupply has led to the closure of the Gboko plant run by Da...

Lafarge WAPCO pretax profit rises, turnover falls, Nigeria

02 August 2012, Published under Cement News

Lafarge WAPCO said on Tuesday that its 1H12 pre-tax profit rose 19 per cent YoY to NGN12.18bn (US$76m). However, turnover fell to NGN46.34bn during the period from NGN62.50bn a year ago, the company said in a filing with the Nigerian Stock Exchange.

Lafarge WAPCO to establish a bag manufacturing company, Nigeria

29 May 2012, Published under Cement News

Lafarge WAPCO is poised to establish a bag manufacturing firm in Nigeria to facilitate the packaging of its products. Chairman of Lafarge Cement WAPCO, Chief Olusegun Osunkeye, explained the company was being established in partnership with bag manufacturing experts who have been packaging Lafarge Plc's products worldwide. According to Mr Osunkeye arrangements are in the final stage for the company to commence operations, noting that it would take care of the company's packaging needs. H...

Lafarge WAPCO first-quarter rise, Nigeria

09 May 2012, Published under Cement News

Lafarge WAPCO posted a turnover of NGN22.6bn (US$143.7m) in the first quarter of 2012, up from NGN14.198bn YoY, representing growth of 59 per cent above the 2011 figures. Profit after tax soared by 151 per cent from NGN1.621bn to NGN4.071bn in 2012. According to analysts at FBN Capital Ltd, the strong sales reflect a higher volume contribution from Lafarge Cement’s new Lakatabu plant, which they said had ramped up production after preliminary hitches in 4Q11. “Management had disclosed ...

Lafarge WAPCO reports 74% YoY net profit rise, Nigeria

28 March 2012, Published under Cement News

Lafarge WAPCO’s net profit rose 74 per cent YoY to NGN8.51bn (US$397m) in the 12 months to December from NGN4.88bn a year earlier. The company said in a statement to the Nigerian Stock Exchange that sales advanced 43 per cent to NGN62.5bn. Lafarge WAPCO will pay a dividend of 75 kobo/share on 23 May, it said. The company took NGN45bn in loans to expand its plant in Ewekoro, western Nigerial which began production last September.