Cement News tagged under: CCNN

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Nigeria: BUA Cement signs US$600m expansion deal with Sinoma

07 September 2015, Published under Cement News

BUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant.  The plant currently produces 3.5Mta, but by the end of 2017 capacity will rise to 7Mta. BUA's executive chairman, Abdulsamad Rabiu, said at the signing ceremony, “BUA has less than 10 per cent of market share now, after expansion we should go to about 20 per cent.” The Nigerian cement market is currently controlled by Dangote Cement, which has a 70...

CCNN to increase power generation capacity, Nigeria

23 June 2015, Published under Cement News

The Cement Company of Northern Nigeria (CCNN) is to build an additional power plant to enable it to self-sufficiently supply its plant near Sokoto in the northwest of the African country. The company is teaming up with CBMI (China) to build a new plant to increase power generation capacity from the current 12MW to 16MW, according to Alhaji Sada Suleiman, Principal Manager, Corporate Affairs of CCNN. Suleiman disclosed the information, which was subsequently reported by local press, to ...

CCNN first-half net income boosted by cost cuts, Nigeria

08 September 2014, Published under Cement News

The Cement Company of Northern Nigeria (CCNN) achieved a 91 per cent increase in profit for the first six months of the year helped by a reduction in operating and financing costs. For the first six months to the end of June, the Sokoto-based company’s net profit climbed to NGN1.58bn from NGN832.2m in the same period of last year. The rise is attributed cost control measures as distribution and administrative expenses fell by 44 per cent to NGN1.32bn in 1H14 from NGN2.34bn versus 1H13. Si...