Review of Lafarge Portland Nigeria

Question 1 INTRODUCTION: Lafarge WAPCO Nigeria Plc, formerly West African Portland cement Plc (WAPCO) was established in 1960 with its first factory at Ewekoro, Ogun severalize (South -Western Nigeria). The second factory was opened in Sagamu, also in Ogun state in 1978. The Lakatabu Plant which is an expansion to the vivacious factory at Ewekoro was commissioned in December 2011. Through its scholarship of Blue Circle Industries Plc in 2001, Lafarge SA became the majority shareholder in WAPCO and provides technical expertise under a Technical work Agreement. Lafarge controls 60% with the remaining 40% owned by Nigerian institutions and individuals. Lafarge WAPCO Plc is quoted on the Nigerian Stock Exchange and has a do of 812 employees. The company manufactures two brands - Elephant Portland and Supaset Cement. The companys harvest-feasts has won the NIS Certificate for product quality from the Nigerian Standards Organisation for over twenty years. pecuniary PERFORMANCE: FINANCIAL RATIOS This report will consider Lafarge WAPCO Nigeria Plc s financial death penalty based on investors and gearing ratios calculated on published results from 2007 through to 2010 and forecast figures for 2011 and 2012. Investors and gearing ratios have been selected for a number of reasons.

As a publicly quoted company, it is substantial that two present and prospective shareholders are made aware with the performance of the company based on the key figures as it affects them. The adapt Ratio has been selected as the company recently expanded its existing facility at Ewekoro and will therefore be important to see how the funding of this has affected the Lafarge WAPCOs financial performance from a debt-equity perspective. These ratios will be compared to those of Cement Company of Northern Nigeria (CCNN) Plc as there are many similarities between both companies and therefore, offers a best-fit for comparison. Both companies are local manufacturers in Nigeria rather... If you want to observe a full essay, order it on our website: Orderessay

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