Cement News tagged under: LPFO
Dangote announces price rise, starts coal mining in November01 September 2016, Published under Cement NewsDangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the gas supply, its preferred fuel in Nigeria. This has led to a substantial hike in its fuel costs as the company increasingly relies on LPFO and, to a lesser extent, on coal as prices for these alternatives are up to three times higher. The significant devaluation of the naira against the US dollar has also contributed to... |
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