Lafarge Africa Plc has been rebranded HBM Nigeria Plc, a member of the HUAXIN Group.
The ceremony was held at the Lagos Continental Hotel on Sunday.
The minister of Works, David Umahi who gave the address of keynote,called on cement manufacturers across the country to immediately reduce the price of cement, insisting that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations.
Umahi said: “I want to insist that Lafarge now HBM and other manufacturers of cement should reduce their prices.
“We shall be engaging on this from First of July. Manufacturer of Cement must reduce their prices because the contractors are choking me to review their contracts. But nobody is reviewing anybody’s contract. It’s the manufacturers of cement that should review their cost.”
The minister noted that President Bola Ahmed Tinubu’s administration is investing heavily in critical infrastructure across the country, creating unprecedented opportunities for manufacturers and investors.
Umahi urged HBM and other industry players to expand their capacity to meet the growing demands of the nation’s infrastructure revolution.
He commended the company on its transition and renewed commitment to the Nigerian market and assured the management of government support and partnership.
