Cement News tagged under: Dangote Cement
Dangote switches strategies to improve margins03 March 2017, Published under Cement NewsThis week Dangote Cement held a press conference on its 2016 results and explained why its market strategy in Nigeria changed from a volume-based approach to one focussing on cashflow and increased profit margins going forward. In the first two quarters of 2016, Dangote found high cement volumes were working well. The group’s total cement volumes rose in Nigeria by 13.8 per cent to 15.1Mt in 2016, from 14.8Mt in 2015. Moreover, the company’s market share increased substantially up to June... |
Nigeria: fuel shortages hit cement output16 February 2017, Published under Cement NewsShortages of oil and natural gas have caused cement producers in Nigeria to cut output, with some plants having to close temporarily, reports the Vanguard newspaper. The declining availability of natural gas, low-pour fuel oil and (LPFO), automotive gas oil (AGO) has led to a reduction in cement manufacturing as firms struggle to find sufficient fuel to support normal operations. Dangote, Nigeria’s largest producer, said that its fuel costs rose US$14.40/t in 2016 and that it was conve... |
Cameroon: smuggled Dangote cement creates price drop08 February 2017, Published under Cement NewsDangote cement currently sells between XAF-2800-3500 (US$4.55-5.68) per 50kg bag in northern Cameroon, significantly lower than the XAF4500-4600 applicable in the south of the country, local sources revealed. The price erosion results from smuggling activity suffered by Dangote in the northern part of the country. Important cargoes of Dangote cement sold in this area of Cameroon come directly from Nigeria, despite there being a ban on imports of cement in Cameroon, implemented by public ... |
Ethiopia: Dangote to establish production line for cement bags01 February 2017, Published under Cement NewsAliko Dangote has used his meeting with the Prime Minister of Ethiopia to outline his conglomerate’s plans to increase investment in the country, the Ethiopian Herald reports. In a press conference following the meeting, Dangote told reporters that he planned to manufacture cement bags in Ethiopia. The bags currently used by the Dangote Cement operations in the country had to be imported, costing the firm millions of dollars. "We are also opening a very big factory to produce cement ba... |
Nigeria: Aliko Dangote rewards domestic cement distributors24 January 2017, Published under Cement NewsDangote Cement Plc has rewarded its distributors with NGN2.4bn (US$7.8m) as sales bonus and for their continuous loyalty. Another NGN5bn has been set aside to assist the distributors in enhancing their sales. Chairman, Aliko Dangote, gave out the cheques ranging from NGN30m to NGN182.9m to distributors at a ceremony in Lagos at the weekend. He hailed them for their long-standing commitment, devotion, loyalty and valuable contribution to the distribution and sale of Dangote Cement in 2... |
Dangote Ghana’s biggest taxpayer of 201620 January 2017, Published under Cement NewsThe Ghana Revenue Authority has recognised Dangote Cement as being the single largest taxpaying entity in the country, Business Ghana reports. The firm paid taxes and duties totalling GHS150m (US$35.5m) over the past year. “The payment of our taxes demonstrates our commitment to making a significant contribution to the growth of Ghana’s economy. We are looking at continuing this feat in future by expanding our operations to meet the needs of our customers in the country and creating mo... |
Tanzania: rising costs bring Dangote plant to a standstill30 November 2016, Published under Cement NewsProduction at Dangote’s Mtwara plant in Tanzania was brought to a halt last week as the company has found itself embroiled in a political battle over the payment of incentives by the Tanzanian government, the Citizen newspaper reports. The 3Mta plant was commissioned in October 2015 and Dangote has claimed to have made ‘strong market share gains’ according to its trading update for the first nine months of 2016. However, in the same release, the company admitted that a reliance on diesel ... |
Kenya: Dangote seeks limestone on east coast30 November 2016, Published under Cement NewsDangote Group has expressed interest in prospecting for limestone in Malindi, 120km northeast of Mombasa. The group plans to explore limestone deposits in Kwachocha, Kijiwetanga Kizingo, Mbaraka Chembe and Mayungu, said Dan Kazungu, Mining Cabinet Secretary. Mr Kazungu announced that the ministry is processing a licence to allow the exploration works. The ministry will set up a regional mining office in Malindi town to serve Kilifi, Tana River and Lamu. Dangote’s entry into the Kenyan ... |
Ghana: cement companies cut prices to win market share07 October 2016, Published under Cement NewsImproving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb reports. Following Dangote Cement’s decision to reduce its price by GHS1.00/bag (US$0.25) in September, Ghacem and others have followed suit, driving down prices throughout the country. The Ghanaian market is dominated by Ghacem, Dangote and WACEM/Diamond, although GhanaWeb’s investigations found that cement impor... |
Ethiopia: protesters start fires at Dangote plant05 October 2016, Published under Cement NewsA Dangote cement plant in the Ada Berga, Oromia region, was set alight by angry protesters on Tuesday. The protesters were angered by the death of at least 55 people in a stampede triggered by clashes between police and demonstrators at a religious festival held by the Oromo people on Sunday. Protesters claimed the stampede was a result of violence by the security forces, but the Prime Minister has denied that the security forces had opened fire. The government has declared three days of ... |