Economy & Market

Lafarge WAPCO enhances logistics systems with new trucks

Published

14 years ago

January 4, 2011

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In line with its commitment to satisfy its customers by making its products available across the country, Lafarge Cement WAPCO Nigeria Plc, has begun its pet project, Lafarge Logistics Project, with a programmed acquisition of 1,000 state-of-the-art trucks to enhance its logistics system. According to a statement by the company, the project’s inauguration was held at its Ewekoro plant, where 75 brand new Mack trucks were unveiled by Omooba Gbenga Osinowo, Ogun State Commissioner for Commerce and Industry. Samy Abdelkader, Managing Director and Chief Executive Officer of Lafarge WAPCO said, "Our newly acquired trucks will improve the efficiency and effectiveness of our company’s logistics network of distribution nationwide, as we are gearing towards the inauguration of the 2.5-metric-tonne Lakatabu plant at the end of the second quarter of this year." Abdelkader added that the new logistics arrangement was in partnership with some reputable banks and transport companies, including TSL Limited, Rembam Nigeria Limited, K K Logistics, ABC Transport Company and Safe Wheelers Limited.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/