Cement News tagged under: Dangote Cement
Dangote's Edo plant is ready to start production23 July 2021, Published under Cement NewsDangote Cement's US$1bn plant in Edo, Nigeria, is completed and set for commissioning. The plant has a cement production capacity of 6Mta and is built on a 100ha plot. The integrated cement plant, near Okpella, was built by Sinoma International Engineering Co and 1500 local workers collaborated with the Chinese engineers on the project. The factory would employ at least 6000 persons when it commenced operations. Mr Patrick Omokagbo, director of Stakeholder Management at Dangote ... |
Dangote acquires 20,000 vehicles to improve distribution13 July 2021, Published under Cement NewsNigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," said Dangote spokesperson Tony Chiejine. "We have acquired the new trucks in line with our new expan... |
Dangote Cement considers Mtwara expansion09 July 2021, Published under Cement NewsDangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager of Dangote Cement Tanzania. The plant currently has 3Mta of cement capacity, which has already inc... |
Dangote maintains cement prices despite currency devaluation01 June 2021, Published under Cement NewsNigeria’s Dangote Group has not increased the price of its cement products, despite the naira devaluation by the Central Bank of Nigeria, according to The Punch. Instead, the group’s Sales and Marketing Director, Rabiu Umar, stated that it had released 2000 trucks into the market to increase distribution and counteract the cement price hike in the country. The price increase has been attributed to a sudden 40 per cent demand increase. "We in the past had an opportunity to export our ceme... |
Sephaku Cement CEO passes20 May 2021, Published under Cement NewsThe death of Peter Fourie, Sephaku Cement (Dangote Cement South Africa) CEO, was announced on Wednesday. Mr Fourie had suffered a stroke a week earlier and had been admitted to hospital but did not recover. The board said: "It is with deep sadness that the board of directors announces the passing away of Pieter Fourie early this morning... Pieter was part of the SepHold founding management who dared to disrupt the long-standing cement industry oligopoly in 2005." SepHold Board Cha... |
Nigerian cement volumes climb to record levels for Dangote in 1Q2103 May 2021, Published under Cement NewsDangote Cement's Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company's Nigerian operations. When looking at the domestic sales alone, our Nigerian operations sold 4.8Mt, up 18.7 per cent YoY. While the company's ex-factory prices have remained stable since the end of 2019, revenues for Dangote’s Nigerian operations increased by 33.7 per cent to NGN239.7bn. In Nigeria, Dango... |
Dangote Cement records robust EBITDA growth in 1Q2103 May 2021, Published under Cement NewsDangote Cement Plc announced group revenues of NGN332.7bn (US$874.4m) in the 1Q21, up 33.5 per cent. Group EBITDA rose by 55.8 per cent to NGN178bn, while Pan-African EBITDA reached NGN23.7bn, an increase of 61.9 per cent. Profits after tax increased by 48.1 per cent to NGN89.7bn. Dangote Cement's group sales volumes rose by 18.7 per cent to 7.5Mt and Nigerian volumes increased by 22.2 per cent to 4.9Mt. Pan African volume growth saw double-digit growth of 12.8 per cent. "The first ... |
Dangote defends Nigerian cement prices13 April 2021, Published under Cement NewsDangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ... |
Sephaku Cement sees 10% revenue increase in 202031 March 2021, Published under Cement NewsSouth Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 the company recorded its highest quarterly volumes to date, according to a statement. The company’s after-tax profit for 2020 was ZAR44.4m (US$2.99m) compared to ZAR1.3m in the previous year. Revenue also increased 9.8 per cent YoY to ZAR2.40bn from ZAR2.18bn in 2019, due to the relative increase in sales volume. EB... |
Cement prices rise in Ghana29 March 2021, Published under Cement NewsCement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins. |