Cement News tagged under: Dangote Cement
Dangote Cameroon works on-track for 2014 start26 July 2013, Published under Cement NewsConstruction on Dangote’s new cement plant in Elf du Wouri, Cameroon, is on schedule to start production in January 2014. Representing an investment of XOF58.5bn (US$119m), Dangote Industries Cameroon is expected to first produce 1Mta local press have reported. The plant has the option to expand output to 1.5Mta. |
Sephaku Cement's two projects on track for 2014 completion01 July 2013, Published under Cement NewsThe construction of Sephaku Cement's ZAR3.2bn (US$322m) Delmas grinding plant and the Aganang clinker and cement works in South Africa are both at an advanced stage of development and are on schedule to commence production in the first two quarters of 2014. In a recent report the Dangote subsidiary said that the 1.4Mta Delmas cement milling plant in Mpumalanga is on-track for completion in the final quarter of 2013, with production due to start in January 2014. The grinding works will rece... |
South African firm stakes NGN45.7bn on Dangote Cement11 June 2013, Published under Cement NewsPublic Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. PIC is owned 100 per cent by South African government and it has funds valued at US$115bn under its management. Although no explanation was given by Dangote Cement regarding the acquisition, PIC is now holding 1.5 per cent in addition to the 5.11 per cent of the company’s shares available for trading on the Nigerian... |
Dangote breaks ground on Tanzania plant28 May 2013, Published under Cement NewsDangote Cement has marked the next step of its impressive African expansion drive by laying the foundation stone for a new cement plant in Tanzania. "The groundbreaking ceremony of the 3Mt cement factory takes place today [27 May 2013] in Tanzania, a statement from the Dangote group said. The Tanzania plant forms part of the company’s plant to expanding its operations not only in its domestic market of Nigeria, but further afield in other west and central African markets. Expansi... |
Dangote sees strong start to second quarter, Nigeria02 May 2013, Published under Cement NewsNigeria’s largest cement producer, Dangote Cement, has said strong demand in April is likely to help boost second-quarter revenue to NGN98.5bn (US$623.3m). However, the start-up of its long-awaited plant in Senegal is facing further delays due to land issues. Dangote said in a statement that pretax profit is expected to reach NGN50.6bn (US$320m). First-quarter net income rose 81 per cent to NGN53.7bn as volumes rose by 38 per cent. “The year has begun well for Dangote Cement and our 38 p... |
Dangote Cement net profit boosted by increased capacity25 April 2013, Published under Cement NewsDangote Cement Plc, Nigeria’s largest cement producer said full-year profit gained 24 per cent attributed to increased capacity improving sales. Net income for the year through December advanced to NGN149.6bn (US$941.8m) from NGN120.9bn earlier, the company said in an e-mailed statement. Revenue rose 24 per cent to NGN298.5bn. Chairman Aliko Dangote, said new capacity accounted for a 20 per cent increase in sales. “By the end of 2012 we were preparing to make Nigeria an exporter of c... |
Dangote forays into to oil and gas sector26 March 2013, Published under Cement NewsAliko Dangote, CEO of the Dangote Group, is moving into the oil and gas sector as he eyes up Chevron and Shell oil fields to feed the group’s planned US$9bn refinery, the largest privately-owned refinery facility in the country. He intends to acquire the oil companies’ blocks of oil-rich swamp – formerly intended for the Olokola LNG project, which was expected to supply two trains of 6.3Mta of LNG, with a final capacity of up to 35Mta. To realise his plans, he has put in the highest bid f... |
Nigeria considers new tariff on imports to protect local producers19 March 2013, Published under Cement NewsThe Nigerian government is considering imposing a new tariff on imported bulk cement following an influx of volumes which are said to have caused a glut in the market. The current duty on imported bulk cement is 10 per cent, but no levy is imposed on the commodity. Dr Olusegun Aganga, Minister of Trade and Investment, said during a meeting with select ministers on Nigerian business competitiveness organized by the Nigerian Economic Summit Group. According to reports by local press, D... |
Nigeria: managing the surplus18 February 2013, Published under Cement NewsEarlier this week United Cement Company of Nigeria Ltd (Unicem) became the latest domestic producer to announce a new round of investment as it aims to double capacity by 2016. But with the country's recent drive to increase volumes resulting in the present-day overcapacity situation, particularly in the southwest, how will the market deal with the situation and what measures are producers taking to manage the surplus? The last two years have seen Nigeria come of age, at once becoming sel... |
Loesche wins new grinding order in Cameroon15 February 2013, Published under Cement NewsLoesche has been selected by Sinoma International Engineering to provide a vertical roller mill and associated equipment for Dangote Cement’s new grinding plant in Douala, Cameroon. A Loesche Mill Type LM 53.3+3C will grind clinker with components such as gypsum, limestone and pozzolana. The product rate of clinker type CEM I A-L 42.5 will be 155-168tph at 3200Blaine while the product rate of clinker type CEM II 32.5 will be 230tph at 3600Blaine. The mill motor capacity for the LM 53.3+3C ... |