The Chairman of the Nigerian Exchange Group (NGX Group), Dr. Umaru Kwairanga, has congratulated the management, staff and shareholders of HBM Nigeria Plc following its rebranding from Lafarge Africa Plc.
He described the transition as the beginning of a new growth phase for the company during the official unveiling of its new corporate identity held in Lagos on Sunday.
Kwairanga noted that the organisation has played a significant role in Nigeria’s industrial and infrastructure development over several decades, tracing its operations back to the Ewekoro plant established in 1960.
He said the company has remained a key player in the cement industry, contributing meaningfully to national development through consistent output and long-term investment in the sector.
According to him, HBM Nigeria Plc has demonstrated resilience over the years while maintaining strong community relations and adopting sustainable business practices that have strengthened its corporate reputation.
He also commended the company’s performance on the Nigerian capital market, noting that it remains one of the select firms listed on the NGX Premium Board.
Kwairanga explained that the company’s continued presence on the Premium Board reflects its adherence to high standards of corporate governance, transparency and regulatory compliance.
He expressed optimism that the company would sustain its leadership position in the capital market while continuing to deliver value to investors and stakeholders.
Speaking on the new ownership structure, he said past transitions had positively influenced the company’s growth trajectory and expressed confidence that the latest development would further enhance performance.
With Huaxin Building Materials Group now holding majority ownership, Kwairanga said he expects improved profitability, stronger operational efficiency and broader benefits for stakeholders.
He also praised the company’s focus on expanding its Ashaka Cement operations in Gombe State, describing it as a strategic investment with significant economic benefits for the North-East region.
According to him, the expansion project is expected to increase production capacity, stimulate local economic activities and create employment opportunities.
Kwairanga added that he looked forward to the completion and commissioning of the upgraded facility, expressing optimism about its long-term impact.
He concluded by congratulating HBM Nigeria Plc on its rebranding and wished the company success as it embarks on a new phase of corporate growth and transformation.