Cement News tagged under: Dangote Cement
Dangote Cement to improve distribution network, Nigeria25 June 2012, Published under Cement NewsThe management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company said that this would not only ensure price stability but also guarantee availability of product at the most reasonable price. Devakumar Edwin, Group Managing Director of Dangote Cement, said that at the height of skyrocketing cement prices, the company had acquired 5000 trucks to boost its logistics and pave the way f... |
Work restarts at Dangote’s Douala works, Cameroon19 June 2012, Published under Cement NewsConstruction of Dangote Cement’s plant in Cameroon has restarted after a land dispute is resolved, Reuters reports. Work on the 1.5Mta cement plant, situated in Douala, began last September and was scheduled to last 15 months. However, construction was halted earlier this year after the ethnic Sawa people filed an injunction against the project, complaining it violated their sacred site on the banks of the Wouri River. “Following instructions from the Presidency of the Republic, work has... |
Dangote commissions Obajana Line 3, Nigeria12 June 2012, Published under Cement NewsAliko Dangote has commissioned the expansion of his Obajana cement plant, raising capacity to 10.5Mta. The additional 5.25Mta line is part of the company’s efforts to make it a powerhouse of African production as it aims to reach 50Mt of capacity across the continent by 2015. Dangote said that this recent investment in this new Line No 3 at the Obajana plant situated in Kogi state, raises the company’s domestic capacity in Nigeria to 28Mt. Nigerian president Goodluck Johnson preside... |
Dangote Cameroon plant to proceed, Cameroon07 June 2012, Published under Cement NewsDangote Cement Plc is being granted permission by the government of Cameroon to build a factory in the port city of Douala after a dispute over land was resolved, Bloomberg reports. A ban on use of the land was lifted on May 28 and the Nigerian company was granted a construction permit on June 4, Government Delegate to the Douala City Council Fritz Ntone Ntone said in a statement handed to reporters yesterday in Yaounde, the capital. Work has already begun on the site and the project is ex... |
Dangote Cement new Zambia plant facing delays31 May 2012, Published under Cement NewsConstruction of Dangote Cement’s US$500m cement plant in Masaiti District, Zambia, has suffered a setback following delays by the government in issuing a mining license. Speaking to the Times of Zambia, Dangote Industries general manager Viveka Heblikar said his company had submitted all the documentation and was only waiting to be granted the mining licence. As a result, the company cannot undertake any mining activity in the area. But Mines Minister Christopher Yaluma said the issua... |
Dangote’s Calabar plant nears completion, Nigeria29 May 2012, Published under Cement NewsDangote Cement’s 6Mta plant in Calabar, Cross-River state is expected to be completed in July, Alhaji Aliko Dangote Chairman of the company has said. Mr Dangote said the plant was almost completed and will be ready within 60 days. Its strategic location means that it will serve the domestic market of Nigeria as well as nearby markets such as Cameroon and Gabon. He added that with the planned expansion of the Ibese cement works (Nigeria)with another two 3Mta lines, the 11 June commissio... |
Dangote 1H12 profit forecast, Nigeria14 May 2012, Published under Cement NewsNigeria-based producer Dangote Cement said net income for the six months through June will probably be NGN77.5bn (US$492.5m), according to reports from Bloomberg. Revenue is forecast at NGN150.3bn, the African cement major said in a statement published on the Nigerian Stock Exchange’s website. |
Dangote’s first quarter and full-year advances, Nigeria10 May 2012, Published under Cement NewsDangote Cement Plc on Wednesday released its results for the first quarter and also its financial year ending December 2011 to the Nigerian Stock Exchang. The company said 1Q revenue grew by 17.6 per cent from NGN54.51bn (US345.6m) in 2011 to NGN64.11bn first quarter this year, while its revenue for full year 2011 stood at NGN235.91bn. First quarter pretax profit rose by nine per cent to stand NGN30.32bn compared to NGN27.83bn recorded in first quarter of last year, while profit before t... |
Nigeria: cement manufacturers seek import ban23 April 2012, Published under Cement NewsNigerian cement manufacturers have called on the federal government to ban bulk cement imports before the government’s August deadline, claiming that the volume of cement currently produced in the country is enough to meet local demand. “[The] Government should enforce the ban before the August deadline,” said Mr Daljeet Ghai, Dangote Cement group chief executive. “Dangote alone has the capacity needed to meet local demand and sustain supply of the commodity across the nation,” he said. B... |
UBA in talks with Dangote for new partnership20 April 2012, Published under Cement NewsPan-African lender United Bank for Africa is in talks with Aliko Dangote for a partnership to provide banking services to his Dangote Cement group in 13 countries, its chief executive said. Phillips Oduoza told the Reuters Africa Investment Summit in Lagos on Thursday the move would leverage their overlapping presence across the continent. UBA is in all of the 14 countries in which Dangote is building cement plants, except for South Africa. "We are thinking of a strategic partnership betw... |