Cement News tagged under: Dangote Cement

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Dangote Cement records 34% rise in group revenue

01 November 2021, Published under Cement News

Nigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in the year-ago period. Group EBITDA also surged 45 per cent YoY to NGN514.8bn from NGN355bn in the 9M20, with its EBITDA margin up to 50.4 per cent from 46.6 per cent. “Given the strong rebound in 3Q20 following the impact of COVID-19 in the first half of the year, volumes in 3Q21 were slightly lower than 3Q20, as a...

Sephaku Cement experiences second kiln stoppage

22 October 2021, Published under Cement News

South Africa’s Sephaku Cement has experienced a further kiln stoppage, unrelated to the previous event announced on 30 September 2021. This second plant stoppage began on 16 October 2021 and is expected to finish on 26 October. The outage has been necessitated by the repair of kiln internals to prevent damage to major components. The kiln was inspected in previous maintenance stoppages and therefore, this damage was unexpected. However, a long-term solution to this issue has now been iden...

Dangote Cement appoints new deputy group MD

22 September 2021, Published under Cement News

Nigeria’s Dangote Cement has appointed Philip Mathew as its new deputy group managing director and CEO, with effect from 15 September 2021. Mr Mathew has 34 years of working experience in global and regional cement industries, and has been involved in project management from feasibility to commissioning and stabilisation, according to the group.

Dangote Cement announces NGN150bn commercial paper programme

25 August 2021, Published under Cement News

Nigeria’s Dangote Cement has announced a new NGN150bn (US$364.84m) Commercial Paper Programme. The programme is expected to allow the company to broaden its funding sources and, combined with its NGN300bn multi-instrument issuance Bond programme, increase its access to capital market funding. The Commercial Paper will be used for working capital and general corporate purposes, according to a statement. "The establishment of a new NGN150bn Commercial Paper confirms Dangote Cement Plc’s ...

Industry majors see success in the 1H21

06 August 2021, Published under Cement News

This week we are taking a look at the first-half results of the cement industry majors, which have all seen a strong overall performance during the course of the year to date. Overall results Record results were posted by several major cement companies during the 1H21. Holcim saw net sales climb 16.6 per cent like-for-like (LfL) to CHF12.556bn (US$13.82bn), while HeidelbergCement posted a 11 per cent advance in group revenue to EUR8.938bn (US$10.55bn). Elsewhere, Cemex recorded a 22 per c...

Dangote Cement sees 45% rise in revenue

05 August 2021, Published under Cement News

Nigeria’s Dangote Cement has posted a 44.8 per cent YoY rise in group revenue to NGN690.55bn (US$1.676bn) in the first half of 2021, compared to NGN476.85bn in the year-ago period. Group EBITDA also climbed 61 per cent to NGN351.06bn from NGN218.07bn in the 1H20, while the EBITDA margin increased to 50.8 per cent from 45.7 per cent. Overall group cement volumes advanced 26.1 per cent YoY to 15.28Mt from 12.11Mt, supported by strong demand across all operations. "We are pleased to report...

New entrants to help meet Nigeria's increasing cement demand

30 July 2021, Published under Cement News

This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, but there has also been an announcement that new entrant Madugu Cement will establish a 5Mta greenfield cement plant in Gombe State. While the country is building its cement capacity at an astonishing rate, cement demand is still outpacing output and the extra capacity is not yet being reflected in lower cement prices...

Dangote's Edo plant is ready to start production

23 July 2021, Published under Cement News

Dangote Cement's US$1bn plant in Edo, Nigeria, is completed and set for commissioning. The plant has a cement production capacity of 6Mta and is built on a 100ha plot. The integrated cement plant, near Okpella, was built by Sinoma International Engineering Co and   1500 local workers collaborated with the Chinese engineers on the project. The factory would employ at least 6000 persons when it commenced operations. Mr Patrick Omokagbo, director of Stakeholder Management at Dangote ...

Dangote acquires 20,000 vehicles to improve distribution

13 July 2021, Published under Cement News

Nigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," said Dangote spokesperson Tony Chiejine. "We have acquired the new trucks in line with our new expan...

Dangote Cement considers Mtwara expansion

09 July 2021, Published under Cement News

Dangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager of Dangote Cement Tanzania. The plant currently has 3Mta of cement capacity, which has already inc...