Cement News tagged under: Cameroon

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Dangote Cement Group's revenue up 16% in 1Q18

25 April 2018, Published under Cement News

Dangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was...

Dangote market share in Cameroon now exceeds 45%

07 November 2017, Published under Cement News

The Cameroon subsidiary of Nigeria’s Dangote Cement Group (Nigeria) has captured a 45 per cent share of the local market only two years after launching activities in the country, according to a report in Journal du Cameroun. “We can say that we are above 45 per cent”, said Mr Diekam, the commercial director of Dangote Cement Cameroon. This has been achieved in spite of a competitive market place that features four multinationals including CIMENCAM, a subsidiary of LafargeHolcim (Switzerland...

Egin to start Cameroon cement production in October

01 September 2017, Published under Cement News

Cameroon-based Egin SA has signed an investment agreement with the government, under guidance of the Investment Promotion Agency (API). Project manager, Jean-Pierre Belobo, announced that the company expects to produce the first bags, marketed under the “Lion” brand, in October 2017. While news about the new XAF8.2bn (US$14.9m) factory is limited, the new works is based in Douala and is 90 per cent complete. Raw materials have been ordered. The Cameroon cement market has attracted m...

Dangote Cement

26 June 2017, Published under Cement News

Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the country’s total cement production capacity to 2.55Mta along with Cimaf (0.5Mta), Sonocc (0.25Mta) and Forspal (0.3Mta). The works will also boost Dangote’s capacity across Africa to more than 40Mta. Construction is currently underway on a new 3Mta grinding plant in Côte d'Ivoire and two new plants have been announc...

Dangote Cement delivers strong financial performance

02 May 2017, Published under Cement News

Dangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and record EBITDA of NGN103.bn, up 42.3 per cent. “Dangote Cement produced record financial results in the first three months of 2017. Despite lower Group volumes, we delivered significantly higher revenues and EBITDA after realigning prices late in 2016. Our new pricing strategy meant every tonne worked harder for us in Ni...

CIMAF Cameroon to triple production capacity

20 April 2017, Published under Cement News

CIMAF Cameroon has announced that it will triple its current 0.5Mta production capacity to 1.5Mta by 2018 on the back of domestic market growth. "At the end of this extension, CIMAF Cameroon intends to consolidate its position as a major player in the local and sub-regional market," according to the company’s statement. The project will put the Moroccan-owned cement producer on a par with Dangote, which currently owns a 1.5Mta grinding unit at Douala.

Cameroon: LafargeHolcim launches construction of EUR42.6m cement plant

30 March 2017, Published under Cement News

LafargeHolcim Maroc Afrique has launched construction of a new 0.5Mta plant in the Cameroonian locality of Nomayos, near Yaoundé. The new project required a total investment of EUR42.6m (US$45.7m). The plant project has been launched via Cimencam, LafargeHolcim Maroc Afrique’s local branch, and is expected to increase Cimencam’s annual production to 2Mta. With the addition of the new plant, Cimencam will control Cameroon’s cement monopoly and be able to meet both domestic and foreign d...

Cameroon cement plants produce 2.6Mt in 2016

01 March 2017, Published under Cement News

Cameroon’s cement producers – Cimencam, Dangote, Cimaf and Necsen – have produced a combined output of 2.6Mt of cement in 2016, according to Camerpost. Total installed cement capacity in the country is 4.2Mta following the commissioning of three new cement plants in 2015-16. Cimencam operates a 1.6Mta works at Figuil and delivered 0.9Mt of cement to the domestic market. Dangote Cement Cameroon opened its 1.5Mta unit on the banks of the river Wouri. The company said it had acquired a “50.1...

Dangote Cement

27 February 2017, Published under Cement News

Dangote Cement is planning a number of new investments in Ethiopia, where it currently has a 2.5Mta plant, located in Mugher. Around US$19m is being spent on a new bagging plant with a capacity of 120m bags/year, which is due for completion by mid-2017. The company is also building a new silo at its Mugher works, which is expected to be completed in 3Q17. There has been talk of Dangote investing in a second production line at the plant although spare parts are proving difficult to source due...

Cameroon: smuggled Dangote cement creates price drop

08 February 2017, Published under Cement News

Dangote cement currently sells between XAF-2800-3500 (US$4.55-5.68) per 50kg bag in northern Cameroon, significantly lower than the XAF4500-4600 applicable in the south of the country, local sources revealed. The price erosion results from smuggling activity suffered by Dangote in the northern part of the country.  Important cargoes of Dangote cement sold in this area of Cameroon come directly from Nigeria, despite there being a ban on imports of cement in Cameroon, implemented by public ...