Cement News tagged under: Dangote Cement
Nigeria: Dangote Cement Plc gross revenue soars20 November 2013, Published under Cement NewsIn the 1H13 Dangote Cement Plc's gross revenues grew by 29 per cent to NGN288.9bn (US$1.8bn) for the 3Q13, from NGN224.5bn recorded in the corresponding period 3Q12. Dangote Cement recorded a profit before tax (PBT) of NGN151.7bn for the nine-month period to September 2013, an increase of 43 per cent YoY from NGN106.4bn in 3Q12. Operational expenses grew by 57 per cent to NGN33.6bn in the nine months through to September 2013, while finance cost reduced by five per cent to NGN9.1bn in t... |
Douala plant expects first output in 2Q14, Cameroon14 November 2013, Published under Cement NewsDangote Cement’s new cement factory in Douala, Cameroon, is on-track to start producing its first cement in May 2014, the plant’s general manager has said. “The installation activities are ongoing. Engineering is almost 100 per cent done, procurement about 90 per cent, construction we have attained about 60 per cent and we hope that by April or May 2014, we should be in the market,” Adullali Baba told local press. |
Dangote 3Q revenue rises on strong domestic demand11 November 2013, Published under Cement NewsDangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria. According to the unaudited results, profit before tax (PBT) rose to NGN151.73bn (US$957.9m) compared to NGN106.43bn in 2012, while operating profit rose by 36.4 per cent to N156.89bn. Revenue for the period rose to NGN64bn compared to NGN244.50bn in the preceding year. Commenting on the results, Group Managing Director, Dangote Cement, Devakumar Edwin, said the co... |
FLSmidth wins large O&M contract from Dangote Cement in Nigeria05 November 2013, Published under Cement NewsFLSmidth and its affiliated companies have signed a number of contracts with Dangote Cement PLC for operation and maintenance of certain production lines at their cement plants in Nigeria for a period of five years. The value of the contracts is undisclosed. FLSmidth has had a business history with Dangote Cement PLC which includes the supply of two of the four production lines at Dangote Cement PLC's plant at Obajana, Kogi State, Nigeria. The contracts, which together constitute the la... |
Dangote nine-month pretax profit rises 42.5%31 October 2013, Published under Cement NewsDangote Cement said its pretax profit for the first nine months of 2013 rose 42.5 per cent to NGN151.72bn (US$952m), compared with NGN93bn in the same period last year. Revenue for the period also rose to NGN288.98bn, compared with NGN224.49bn in the same period of 2012. |
Loesche wins another order at Dangote's Ibese works20 September 2013, Published under Cement NewsDangote Cement has placed another order with Loesche for a VRM cement mill, this time for its new Ibese 7 project. Loesche will supply a LM63.3+3 mill for clinker to be ground with components such as gypsum and limestone.This is the seventh LM63.3+3 to be ordered by Dangote for the Ibese works, and the total capacity of the seven mills will be well over 2000tph. In addition, Loesche will deliver a hot gas generator type LF20 (burner dual fuel HFO/natural gas) and the complete mechanical ... |
Dangote plans to invest in new Kenya plant09 September 2013, Published under Cement NewsDangote Cement plans to invest in a new cement plant in Kenya, according to the country’s president’s office. Aliko Dangote was part of a business delegation that was visiting Kenya with Nigeria's President Goodluck Jonathan. The countries signed bilateral deals in sectors including tourism, agriculture and oil and gas. "(President Uhuru Kenyatta) particularly cited the ... the decision by Nigerian tycoon Aliko Dangote to invest US$400m in a cement processing plant as an indicator that ... |
Dangote cement defers LSE listing22 August 2013, Published under Cement NewsDangote Cement has delayed plans for its listing on the London Stock Exchange (LSE) to 2014. Alhaji Aliko Dangote, chairman of Dangote Group, had announced the company intended to float a 20 per cent stake in Dangote Cement to finance its rapid expansion. Dangote's Vice Chairman, Alhaji Tajudeen A Sijuade, told Citi Business News, the company is on track to meet the stringent corporate governance requirements for a premium listing and is likely to list next year. “Maybe next year we have g... |
Ethiopian government commends Dangote over new cement plant19 August 2013, Published under Cement NewsThe prospect of large job creations arising from the establishment of the new cement plant has encouraged the government of Ethiopia has commend the effort of the president of Dangote Group, Alhaji Aliko Dangote, and promised to provide the enabling atmosphere to make the business thrive. The commendation, conveyed through a letter from the government of Ethiopia to Alhaji Dangote came on the heels of a similar appreciation by the government of Tanzania over the recent ground-breaking cere... |
Dangote sees 53% pretax profit rise, Nigeria29 July 2013, Published under Cement NewsDangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to the NSE, the profit before tax rose by 52.8 per cent compared to NGN70.8bn recorded in the corresponding period in 2012. Gross profit also increased, by 43.8 per cent from NGN91.9bn to NGN132.1bn, while operating profit moved up from NGN76.4bn to NGN111.1bn, indicating an increase of 45.4 per cent. The company saw... |