Cement News tagged under: Dangote Cement
Dangote orders 500 heavy-duty trucks from Beiqi Foton21 November 2012, Published under Cement NewsNigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers. |
Dangote Cement could tip the balance to oversupply in East Africa14 November 2012, Published under Cement NewsPlans by Dangote Cement to set up a manufacturing plant in Tanzania have complicated expansion plans for Kenyan firms that have dominated exports of the commodity into the East Africa region in recent years. The planned cement plant, owned by Africa’s richest man Aliko Dangote, is expected to put an additional 1.5Mt of capacity by 2015, which will plug Tanzania’s cement deficit. Dangote’s cement factory in Southern Tanzania will be commissioned within one year of the launch of ARM’s factory... |
Dangote nine month profit rises 13.5 per cent02 November 2012, Published under Cement NewsNigeria's Dangote Cement said on Thursday its pretax profit for the nine months to September rose 13.5 per cent to NGN105.8bn (US$673.63m), compared with NGN93bn in the same period last year. Revenue for the nine month period hit NGN208.3bn, compared with NGN173bn in the same period of 2011. Dangote said heavy rains and flooding affected sales in the third quarter, but profit margins remained strong at 63 per cent owing to the effect of gas supplies which returned to normal to cut ener... |
Dangote to eliminate Tanzania’s cement shortages22 August 2012, Published under Cement NewsWhen it comes on-stream in 18 months’ time, the new 2Mta Dangote cement plant at Mtwara is expected to reduce the cement deficit in Tanzania. Since 2011, the country’s cement deficit has exceeded 1Mt, according to the Tanzania Investment Centre (TIC). The TIC's acting executive director Raymond Mbilinyi said that in few years the country will no longer experience such deficit due to the establishment of the new cement plant in Mtwara. Mbilinyi said that the investment will also create over... |
Nigeria: Dangote Group employment drive20 August 2012, Published under Cement NewsTo generate more employment in the area, Dangote Group has unveiled plans to establish an agro-sacks manufacturing company at Ibese, Ogun state, to complement the Dangote Cement plant in the community as part of the company’s efforts to create employment, as well as other ventures. President of Dangote Group, Alhaji Aliko Dangote disclosed these investment plans during a meeting with Ibese community host members of Yewa North Local Government Council of Baales. Dangote, who was represented ... |
Tanzanian production costs seen coming down, competition to increase08 August 2012, Published under Cement NewsCement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector Local Listed Companies” by Tanzanian Securities indicates that due to the expected entry of three new players, prices are also seen declining. "We see an improvement in energy supply, introduction of new sources of energy and stabilisation of energy prices in the country as a special opportunity for cement producers"... |
Dangote Cement pretax profit rises, Nigeria03 August 2012, Published under Cement NewsNigeria’s leading producer Dangote Cement said on Thursday its pretax profit for the first half grew by 23 per cent YoY to NGN71.3bn (US$443m), from NGN58.1bn last year. Turnover at the cement maker climbed to NGN142bn during the period, compared with NGN112.7bn a year ago, it said in a filing with the Nigerian Stock Exchange. |
Dangote Cement applies for two-year free float extension, Nigeria31 July 2012, Published under Cement NewsDangote Cement Plc is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian Stock Exchange (NSE) indicated. The 24-month waiver extension is to enable the company remain listed on the stock exchange despite maintaining a free-float that is below 25 per cent, a violation of the NSE requirement for listed companies. Out of the companies listed on the Nigerian bourse, Dangote Cement is one o... |
Lagos state agrees deal with Lafarge and Dangote24 July 2012, Published under Cement NewsThe Lagos State Government has signed a new deal with Dangote Cement Plc and Lafarge Cement WAPCO Plc to ensure undisrupted cement supplies to construction firms contracted to handle various infrastructure project which the state government is set to embark upon. Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat revealed the details at a media briefing where he said the state government had started looking into cement mix as an alternative method in road construction. Ha... |
Dangote to be issued with Zambian mining licence, Zambia10 July 2012, Published under Cement NewsAn advisory committee set up by the Zambian government is to meet within the next two weeks and issue a mining licence to Dangote Cement of Nigeria. The delay to the issuance has resulted in delays to construction of Dangote’s 1.5Mta cement plant in Zambia’s Masaiti District on the Copperbelt. However, the Mines, Energy and Water Supply Permanent Secretary Victor Mutambo has now said the advisory committee would be sitting in the next two weeks and would issue Dangote Industries with the ... |