Cement News tagged under: Dangote Cement
A strong domestic market drives Dangote's 1Q18 results27 April 2018, Published under Cement NewsThis week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have been particularly strong rising by 5.3 per cent to 3.97Mt, while exports from the company’s homeland have risen to 211,000t in 1Q18 with Togo, Niger and Ghana the main export destinations. Pan-African sales increased 4.4 per cent YoY to 2.24Mt. "The first quarter of 2018 has started strongly with substantial increases ... |
Dangote orders first MVR and MPS mills from Gebr Pfeiffer27 April 2018, Published under Cement NewsDangote Cement PLC has ordered a Gebr Pfeiffer MVR 6000 R-4 for raw material mill and an MPS 3350 BK coal mill for its new Okpella plant in Edo State, Nigeria. This order is the first Dangote Cement order for Gebr Pfeiffer. The MVR mill featuring a total drive power of 4000kW will be grinding 550tph of cement raw material to a fineness of 10 per cent R90µm. The MPS 3350 BK coal mill with a drive power of 1100kW is designed for a throughput rate of 50-70tph will grind Nigerian coal or im... |
Dangote Cement Group's revenue up 16% in 1Q1825 April 2018, Published under Cement NewsDangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was... |
Dangote announces CEO and Board appointments24 April 2018, Published under Cement NewsJoe Makoju has been appointed Dangote Cement's Group Chief Executive, having taken on the role in an acting capacity at the beginning of the year. He has worked in several world-class corporations including Shell, BP, Blue Circle (UK) and WAPCO. Cherie Blair and Sir Michael (Mick) Davis have been appointed to the Board of Dangote Cement as Independent Non-Executive Directors. Cherie Blair CBE, QC, is a leading international lawyer, arbitrator and mediator, a former judge and a committed ca... |
Loesche wins VRM order for Objana's Line 523 April 2018, Published under Cement NewsLoesche is delivering two vertical roller mills (VRM) for Dangote Cement's Obajana plant's new line in Kogi State, Northern Nigeria. With a total capacity of more than 12Mta, this plant is currently not only the largest cement plant in Nigeria but also the largest cement plant in sub-Saharan Africa. Loesche's order for the new Line 5 in Obajana comprises a high-performance six-roller mill for cement raw meal with a capacity of 580tph – the largest roller mill for raw material in the Loesche... |
Dangote lured by coal reserves in Zimbabwe11 April 2018, Published under Cement NewsNigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News. An advance team of geologists have been sent to Zimbabwe for 10 days to locate and survey potential coal deposits. The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Winston Chitando. Dangote is importing coal from Zimbabwe for its cement industry needs. Dangote Industries local representative, Josie Mahach... |
Sephaku Cement posts 16% fall in profits in 201723 March 2018, Published under Cement NewsDangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Africa-based company turned a profit of ZAR73.9m in the 2H17, compared with a loss of ZAR16.1m in 1H17, resulting in full-year profit of ZAR58.7m. This was a 16 per cent decrease on the previous year’s profit of ZAR68.9m. EBITDA for the full year was 21.3 per cent, compared with 23.1 per cent in 2016. Sephaku Cement stat... |
Dangote Cement records 31% revenue increase in 201721 March 2018, Published under Cement NewsDangote Cement Plc has announced its unaudited results for the full-year 2017 period, which show a 31 per cent YoY increase in revenue to NGN805.6bn (US$2.24bn) from NGN615.1bn. Revenue attributable to Nigeria grew by 29.6 per cent YoY, with the sales from the company’s three plants in the country contributing NGN552.36bn. The remaining NGN258.44bn was generated by plants in other African countries, with the revenue of Dangote’s pan-African operations rising 32.5 per cent. Profit after ta... |
Investment minister explains cement price rises in Tanzania21 March 2018, Published under Cement NewsTanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market penetration strategy. The approach is to manufacture more and distribute large quantities of cement coun... |
Devki Group complains of substandard imports flood20 March 2018, Published under Cement NewsDevki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the normal 50kg. This is killing the local industry." Mr Raval questioned why the KBS and KAM is not ... |