Cement News tagged under: Cement Company of Northern Nigeria
CCNN earmarks NGN48bn for expansion project02 July 2015, Published under Cement NewsThe Cement Company of Northern Nigeria (CCCN), on Tuesday said it would invest NGN48bn (US$240m) into the ongoing modernisation of its facilities to double its production capacity. Alf Karlsen, managing director of CCNN, told Business Day (Nigeria) that when completed, the company would have the capacity to produce 1.5Mta. Mr Karlsen also disclosed that the firm had completed the process acquiring new mining areas to expand its quarry activities. He explained that the company’s expansion ... |
Nigeria: CCNN requires NGN45bn for new line23 August 2013, Published under Cement NewsA new 1Mta clinker line together with a coal grinding mill and accessories is likely to cost Cement Company of Northern Nigeria (CCNN) around NGN45bn (US$278m). CCNN intends to add the new kiln line, which will produce its Sokoto brand of cement, to meet rising demand in Nigeria. Demand rose to 18.3Mt last year and since 2005, the cement industry nearly doubled its capacity, according to local newspaper Business Day. The Nigerian market is continuing to grow and producers are still play... |
Cement Co of Northern Nigeria reports 48% drop in quarterly profit11 July 2012, Published under Cement NewsCement Company of Northern Nigeria Plc has reported a 48 per cent drop in first-quarter profit. Net income for the three months through March declined to NGN268m (US$1.7m) from NGN511.4m a year earlier, the Sokoto, northern Nigeria-based company said in a statement yesterday. Revenue was relatively flat at NGN3.1bn. |