Cement News tagged under: West Africa
Gunmen abduct Dangote workers at Okpella15 May 2024, Published under Cement NewsGunmen stormed Dangote Cement ’s Okpella plant in Edo State, Nigeria, on 14 May, abducting dozens of plant workers, according to Business Day. Eye witnesses say the gunmen opened fire on a convoy of plant workers. The number of workers injured is currently unknown. The attack has been confirmed by Michael Odofin, a spokesperson for Okpella Cement Plc. “I cannot give any details right now but our workers were attacked. The attack is still fresh. We have no one killed,” said Mr Odofin. |
House of Representatives summons Nigerian producers09 May 2024, Published under Cement NewsDangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies were initially summoned by the House to appear in early May as part of an investigation into the hike in cement prices across the country but failed to show, reports Premium Times. Jonathan Gbefwi, chair of the House of Representatives committee, took the opportunity to lament the high cost of buildings materials in N... |
Ghana sees cement price hike07 May 2024, Published under Cement NewsCement traders are seeing price hikes despite stable fuel prices, according to Ghana Business News. All three grades of cement produced by Ghana Cement (Ghacem) have seen an upward trend. A bag of Super Cool cement increased from GHS82 (US$5.95) to GHS88 while Super Rapid now sells at GHS95, up from GHS87. Super Strong cement is now supplied at GHS105 from GHS95. The price of iron rods has also been reported to have increased from GHS6500/t to GHS700/t or more. Meanwhile, Ghana's stat... |
Dangote Cement announces Philip retirement06 May 2024, Published under Cement NewsDangote Cement has announced the retirement of its Deputy Group Managing Director, Mathew Philip. Mr Philip retired from the cement producer on 30 April 2024, reports Business Day. “The company extends its appreciation to Mathew for his significant contributions and improvement to the operations of the business and wishes him well in his future endeavors,” said the company in a statement. |
BUA Cement CFO Jacques Piekarski resigns03 May 2024, Published under Cement NewsBUA Cement 's Chief Finance Officer and Executive Director, Jacques Piekarski, has resigned. Mr Piekarski held the post since 2 October 2020 following a position as Group CFO for TGI Group Nigeria. Chikezie Ajaero has been appointed as acting CFO. |
BUA Cement reports revenue growth in 1Q2402 May 2024, Published under Cement NewsNigeria-based BUA Cement has released its unaudited financial statements for the three months ended 31 March 2024. The company has posted revenue of NGN161,131m (US$114.4m) over the three-month period, compared to NGN106,352m in the same period a year earlier. Operating profit came in at NGN33,476m, down from NGN38,387m in the year-ago period, while profit after tax fell from NGN26,800m in the three months ended 31 March 2023 to NGN17,969m in the same period in 2024. Basic earnings per ... |
Dangote reports 101% revenue surge in 1Q2430 April 2024, Published under Cement NewsDangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cent over the same period to NGN309.5bn, giving a 37.9 per cent margin, while group volumes advanced 12.3 per cent to 7Mt. Profit after tax stood at NGN112.7bn, up 2.9 per cent YoY. In Nigeria, Dangote saw a strong rebound in volumes, up 26.1 per cent YoY to 4.6Mt. This resulted in EBITDA growth of 41.8 per cent to... |
FLSmidth wins 5-year supervisory support agreement with SSBIL18 April 2024, Published under Cement NewsFLSmidth will provide expertise and supervisory support to SSBIL for its operations and maintenance contract with Abayak Cement ’s plant in Akoga , on the mainland of Equatorial Guinea. The plant’s main equipment was designed and supplied by FLSmidth several years ago, including an OK™ Mill, a ROTAX-2 ® Kiln, Cross-Bar ® Cooler, Pfister ® dosing systems, Ventomatic ® packing plant and our Automation control systems. Installation was completed in 2016. However, due to local issues reg... |
Strong start to 2024 for Senegal cement08 March 2024, Published under Cement NewsDomestic cement sales in Senegal grew 3.3 per cent YoY in January 2024, coming in at 0.666Mt compared to 0.645Mt in January 2023, according to the country’s national statistics office, DPEE. For 2023 as whole, cement sales rose nine per cent YoY to 7.044Mt, up from 6.46Mt in 2022. Strong population growth, which averaged 2.7 per cent YoY in the decade to 2023 (versus just 0.6 per cent in the US), as well as proactive infrastructure and urbanisation policies will underpin demand heading forw... |
Dangote boosts revenue by 36% in 202304 March 2024, Published under Cement NewsDangote Cement has reported revenue of NGN2.208trn (US$1.365bn) in 2023, up 36.4 per cent from the NGN1.618trn posted in the previous year. Operating profit over the same period advanced from NGN585.88bn to NGN734.27bn, marking an increase of 25.3 per cent. Gross profit saw a 25.8 per cent advance YoY to NGN1.202trn, while profit after tax improved by 19.2 per cent from NGN382.31bn in 2022 to NGN455.58bn a year later. Earnings per share saw growth of 18.9 per cent over the same timefram... |