Cement News tagged under: nigeria
Lebanon demand falls, brighter times anticipated22 June 2012, Published under Cement NewsDespite a slowdown in current market activity, a bright future lies ahead for Lebanon’s cement industry, according to the chief of one the country's leading producers. Speaking, to The Daily Star, Pierre Doumet, CEO of Cimenterie National, admitted that domestic consumption has been falling as well as demand from export markets due to regional instability and eurozone economic concerns. “We expect the demand on the local market to recede by at least 15 per cent,” he said, noting that e... |
New Nigerian plant to begin production soon18 June 2012, Published under Cement NewsCement production at the Igumale Cement Factory in Nigeria is to commence this month, according to local press reports. The 600,000tpa cement factory situated in Benue State, is a joint venture between the state government and a Chinese partner Zhengzhou Cangxi and Commerce Development Company Ltd. The project, was initiated in 2001, is to be completed in “due course” according to Commissioner for Commerce and Industries, Hon. Terfa Atoza Ihindan. (Source: The Leadership). |
Dangote targets US$35bn-40bn London listing, Nigeria14 June 2012, Published under Cement NewsNigerian billionaire Aliko Dangote is targeting a market capitalisation of US$35-$40bn for his cement company when he lists it in London next year, he told Reuters on Wednesday. "It depends on the market, but it should be something like US$35 to $40bn. We are targeting something like that," Dangote said of the secondary listing in London that is planned for late next year. Africa's richest man with a cement empire stretching from Senegal to South Africa, Dangote said in an interview at his... |
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... |
Nigeria comes of age30 May 2012, Published under Cement NewsFew countries in sub-Saharan Africa can hope to see their cement industry growth change so dramatically as in Nigeria, where cement capacity has been rising at a staggering rate. With a huge population estimated at 167m and a low cement per capita, the country has been somewhat groomed for such a rampant development phase and the signs are that by the end of this year or next, it will have a cement surplus to export. By Oluwatosin Ojo, Vetiva Capital Management, Nigeria. Ibese Cement ... |
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... |
Lafarge WAPCO to establish a bag manufacturing company, Nigeria29 May 2012, Published under Cement NewsLafarge WAPCO is poised to establish a bag manufacturing firm in Nigeria to facilitate the packaging of its products. Chairman of Lafarge Cement WAPCO, Chief Olusegun Osunkeye, explained the company was being established in partnership with bag manufacturing experts who have been packaging Lafarge Plc's products worldwide. According to Mr Osunkeye arrangements are in the final stage for the company to commence operations, noting that it would take care of the company's packaging needs. H... |
Lafarge Cement Wapco shareholders see bright future, Nigeria22 May 2012, Published under Cement NewsShareholders of Lafarge Cement Wapco have said that the strategies board and management are have put place in recent times will stand the company in good stead. The National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, told local press during an investors' forum of the company, that investors were very happy with the progress the company had begun to make. "Although it is very difficult to manage the number one position, we believe they are doing... |
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 plans London listing by 3Q1311 May 2012, Published under Cement NewsAliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa. |