Cement News tagged under: Senegal
Dangote: Nigeria’s currency woes will not alter expansion plans22 April 2016, Published under Cement NewsDangote Cement’s annual general meeting, held in Lagos, has seen Aliko Dangote set out his plans to grow the business despite worsening economic conditions, particularly in the company’s Nigerian base. According to reports in This Day, Mr Dangote claimed that foreign exchange volatility – a reference to the Nigerian government’s resistance to calls to devalue the naira – would have no significant impact on the company and its expansionary strategy. Addressing the AGM, Mr Dangote said: ... |
Senegal: cement output increases 13% in 201524 February 2016, Published under Cement NewsCement production in Senegal rose 12.9 per cent in 2015 when compared with the previous year, according to the country’s Directorate of Economic Forecasting and Studies (DPEE). Cement producers Sococim and Cements du Sahel expanded their output from 4,939,200t in 2014 to 5,576,000t in 2015. The rise has been mainly attributed to a 22.3 per cent increase in export sales, which jumped from 1,842,300t to 2,253,800t over the same period. Domestic sales rose by 6.4 per cent at 3,317,200t, ... |
Senegal cement sales up 0.7% in 5M1527 July 2015, Published under Cement NewsDemand for cement in Senegal edged up 0.7 per cent YoY to 1,432,100t in January-May 2015, according to national Planning and Economic Study Directorate. Production in the first five months of 2015 increased 9.6 per cent to 2,444,100t when compared with 2,230,800t noted in 5M14. Output was buoyed by a 26 per cent YoY rise in exports, which surpassed the 1Mt mark at 1,050,400t during the five-month period. |
Senegal: domestic market contracts, exports jump30 June 2015, Published under Cement NewsSenegalese cement producers increased their output by 4.4 per cent in the first four months of 2015 when compared with the same period of 2014, according to the country’s planning and economic study department. Production went up from 1,752,000t to 1,829,400t. Domestic sales fell 6.4 per cent from 1,123,000t in 4M14 to 1,051,500t in January-April 2014. However, exports jumped 22.1 per cent from 656,500t to 801,500t in the same period. |
Dangote revenues boosted by new capacities18 May 2015, Published under Cement NewsDangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a... |
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
Dangote commences operations in Senegal, Cameroon30 March 2015, Published under Cement NewsDangote Cement has commenced operations at new cement facilities in Senegal and Cameroon, which form part of the company's plans to become a pan-African enterprise. The new Senegalese plant, located in Pout district, about 75km from Dakar, the country’s capital, has a total production capacity of 1.5Mta. With the new plant, the company hopes to improve the country’s cement production capacity with an additional 1.5Mta while serving an export market demand of 2Mt along the Mali ax... |
Dangote: new capacity development update28 March 2014, Published under Cement NewsFull-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of new projects scheduled for completion this year both on the home front and across the sub-Sahara Africa region, the emerging cement major is targeting 60Mta of production, grinding and import capacity by 2016. On Wednesday the company delivered its 2013 financial review highlighting that revenues rose by 22.4 per ... |
Dangote Cement27 March 2014, Published under Cement NewsDangote Cement has recalibrated all three of its Nigerian plants (Ibese, Gboko and Obajana) to produce only 52.5 grade cement. The move follows concerns that sub-standard cement is responsible for a spate of building collapses. According to Dangote, it is the only company in Africa to produce this standard and will be selling it at the same price as the lower grade 42.5N type “to make it affordable to all.” The move comes as Devakumar Edwin, CEO at Dangote Cement, has called for a massive... |
Senegal cement battle looms24 March 2014, Published under Cement NewsAliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote. Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th... |