Ashaka Cement loses billions to Boko Haram attacks
Published by Katherine Guenioui,
Editor
World Cement,
AshakaCem Plc, based in northeastern Nigeria, has reportedly lost more than N4.5 billion due to attacks on its cement plant in Gombe State by Boko Haram. The plant has been robbed and vandalised, losing personnel and machinery, as well as deliveries of ammonium sulfate. Market demand has naturally also fallen, given the unrest.
The security situation in the region has led to work on the plant expansion project being delayed, but the company is still keen to go ahead with this work and to expand its business throughout the northeastern region.
Local government has requested that the company prioritise local employment and CSR efforts, such as building schools, hospitals and drinking water facilities. LafargeHolcim, which owns the company, has approved a new project to provide affordable housing for people displaced by the insurgency.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/africa-middle-east/16112015/ashaka-cement-loses-billions-to-boko-haram-attacks-1/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Holcim breaks ground of OLYMPUS flagship project in Greece for near-zero cement
Holcim has broken ground at the state-of-the-art OLYMPUS project at its plant in Milaki, Greece, engineered to produce 2 million tpy of near-zero cement from 2029.