Home Business News Lafarge Africa may commence plant expansion soon

Lafarge Africa may commence plant expansion soon

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Nairametrics this week had an exclusive tweet chat with the Chief Financial Officer (CFO) of cement giant Lafarge Africa Bayet Bruno. Several issues were discussed including its earnings forecast for the second half of the year, a planned expansion of production capacity and the rationale behind a planned rights issue.

Here are excerpts from the chat.

Why marketing costs jumped in Q2 2018 

 

Where will the expansion take place ? 

The CFO also disclosed that the expansion would take place in one of its plants located in the South West region of the country.

The plant expansion will take place in either of the South West plants.- BB #NairametricsTweetchat

— Lafarge Africa Plc (@Lafarge_Africa) August 16, 2018

Lafarge has two plants located in Ewekoro and Sagamu, both in Ogun State.

Rights Issue in the works

Lafarge also intends to raise funds through a rights issue sometime this year, in a bid to deleverage its balance sheet.

New Jobs

The company also disclosed that over 2000 new jobs will be created during the plant expansion. The company will also notify the public when recruitment for the 250 direct jobs being created will begin.

Lafarge Africa in the next 5 years 

 

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