Lafarge WAPCO, soon to become Lafarge Africa, has been speaking to the press about its vision for the future. Among its targets is a plan to create more jobs for Nigerians, to increase to 35% the number of senior management positions held by women, and to further its commitment to the communities in which it operates by contributing 1 million volunteer hours annually and ensuring that at least 2 million Nigerians have access to affordable and sustainable housing. The company plans to use 50% non-fossil fuels in its plants, including 30% biomass.
The company has said that the consolidation of its Nigerian and South African businesses will create more employment opportunities for Nigerians and that the merger is not aimed at job reduction. The transaction is due to be completed in 2H14.
Lafarge will transfer its shares in its Nigerian and South African businesses into Lafarge WAPCO Nigeria Plc, which will then be renamed Lafarge Africa Plc. The new business will have a cement capacity of 12 million tpa.
A review of cement standards has been underway following a spate of building collapses in the country, which have been attributed to the misuse of 32.5 grade cement.