• Lafarge Africa Group Plc, owners of Ashaka cement Plc, in Gombe state has claimed it lost N2.5 billion to insurgency between November 2014 and March 2015
  • The Country Director of the firm, Guillaume Roux has said this on Wednesday in Abuja during a meeting with the chairman of the Presidential Initiative on North East (PINE) Prof. Soji Adelaja.
  • Roux, however, said the company has no plan to pullout of the north east region or suspending its operations from where its factory is located in Gombe state.
  • Boko Haram attacked an Ashaka Cement factory twice last year , stealing the company’s dynamites and operational vehicles.
  • Ashaka Cements revenue was N21.1billion the whole of 2014 and 2.4% down from the year before.
  • Lafarge’s consolidated revenue was N205 billion for the whole of 2014 and essentially flat from the year before.
  • Ashaka however, reported a revenue of N4.5billion in Q1 of 2015 representing a 30% drop from the year before.
  • Lafarge also reported a 15.4% rise in revenue in the first quarter of 2015.