Lafarge Africa Plc officially became HBM Nigeria Plc in May 2026 after shareholders approved a special resolution at the company’s 67th Annual General Meeting held on April 30, bringing an end to the Lafarge brand that had dominated the company’s identity for more than a decade.
The new name, HBM—’Huaxin Building Materials’, reflects the company’s new Chinese ownership following Holcim’s exit from Nigeria.
The name change followed the completion of Holcim’s sale of its 83.81 percent stake to China’s Huaxin Cement in August 2025, in a transaction valued at $1 billion. The acquisition made Huaxin the controlling shareholder and set the stage for a corporate rebranding that formally aligned the Nigerian business with its new parent company.
Read also: Lafarge Africa officially rebrands as HBM Nigeria Plc
The acquisition expanded Huaxin’s African footprint, which already included operations in Zambia, Malawi, and South Africa. The renaming to HBM Nigeria, therefore, represented
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