Cement News tagged under: Dangote

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Sephaku Holdings reappoints executive director

25 March 2020, Published under Cement News

South Africa’s Sephaku Holdings has announced that Kenneth Capes has been re-appointed as an executive director and CEO of Métier Mixed Concrete Proprietary Ltd, with effect from 1 April 2020. Mr Capes’ experience spans the manufacture of ready-mixed concrete to quarrying. He first joined the company’s board as an executive director in 2013, as part of the founding owners of Métier following its acquisition in the first quarter of 2013. “The board welcomes the appointment of Kenneth as an...

Dangote Cameroon sees 7% sales drop in 2019

02 March 2020, Published under Cement News

Sales volumes of Dangote Cameroon fell 6.5 per cent YoY to 1.1Mt in 2019. Cement prices averaged at US$108/t in the financial year. "We had to deal with a drop in volumes due to security problems in the North West and South West region of the country as well as new competitor capacities. Overall, volumes were down 6.5 per cent in 2019 from 2018 due to increased competition in key markets, "said Dangote in its annual report. The company expects to improve its sales in 2020 due to the const...

Dangote Cameroon sees 6% sales drop in 9M19

22 November 2019, Published under Cement News

In the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold about 866,000t of cement in the first nine months of 2019, down six per cent from 920,000t sold in the same period in 2018. We estimate that our market share was 40 per cent during the period," said the group. The decline in performance has been attributed by the company due to persistent security problems in the northwes...

Dangote Cement

28 August 2019, Published under Cement News

Dangote Cement is among five companies calling for an investigation into cement imports into South Africa. According to The Concrete Institute (ITC), imports have risen by 139 per cent since 2016. In the 2Q19, 350,441t of cement arrived in South Africa, the highest level since the 3Q15. Imports from Vietnam alone totalled 301,872t. Most of the cement imports come through Durban, which handled 260,909t in the second quarter of this year, marking an 85 per cent increase on the 1Q19. On beha...

Dangote eyes US$700m in foreign exchange

18 June 2019, Published under Cement News

Dangote Cement Plc announced plans to attract US$700m in foreign exchange from cement exports to boost Nigeria’s economy, according to AllAfrica. While addresssing shareholders at the AGM in Lagos, he company’s Chairman, Aliko Dangote, said: We have a lot of on-going projects aimed at increasing capacity, and by next year, we will not only export one million tonnes as we normally do now, we will be servicing both the domestic and other African countries from Nigeria. "We will have a cap...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

Cement in the heart of Africa

28 January 2019, Published under Cement News

Following two particularly challenging years and considerable overcapacity, the cement industry in the Republic of Congo can look forward to better times. The government is set to increase investment in housing and public spending to advance the country’s infrastructure, and provide for its growing and young population.  With 1.8m people, Brazzaville is Congo’s largest city and accounted for over 100,000t of cement consumption in 2017 The economic crisis in the Republic of Congo...

Senegal cement price rises cut short

19 October 2018, Published under Cement News

Senegal’s Minister of Commerce, the Informal Sector, Consumption and SMEs, Alioune Sarr, has frozen the ceiling for cement prices to their previous levels, according to a press release by the ministry. "As a result, all cement plants located in Senegal are invited to comply with the new regulatory provisions pending the results of evaluations provided by its services. In any case, the services of the Directorate of Internal Trade will ensure the strict application of the regulations,” the ...

Dangote acquisition trail could strengthen group's African network

15 October 2018, Published under Cement News

Dangote Cement's Chairman and CEO, Aliko Dangote, caught our attention this week with his announcement that Dangote Cement will begin preparations for the company's London public listing in 2019 , probably after Nigeria's general elections. Dangote Cement has previously considered an Initial Public Offering (IPO) in London, taking steps in this direction as far back as in 2010 . While the company has been one of the fastest-growing cement producers in Africa, this latest development sign...

Dangote launches Blocmaster Cement

19 September 2018, Published under Cement News

Dangote has unveiled its new BlocMaster Cement, describing it as extra strong and ideal for block moulding in Nigeria. According to Joe Makoju, group managing director at Dangote Cement, the new product is the result of years of deep research, adding that it had been tested and approved by builders throughout Nigeria. Strong and affordable, BlocMaster is also rapid setting making it particularly useful during the rainy season. “This is a new era. This is a new quality. This is a product of r...