Cement News tagged under: Dangote Cement
Ghanaian cement prices rise for the second time in two months22 March 2019, Published under Cement NewsCement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board. Its Super Rapid cement advanced from GHS30.47 to GHS32.47/50kg bag (US$6.1/ 50kg bag and GHS649.4/t (US$124.18/t)), Super Strong Cement has moved up from GHS30.83 to GHS33.23 and Gha... |
Sephaku Cement sees 6% FY18 cement volumes fall07 March 2019, Published under Cement NewsSephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.37bn in 2017 while EBITDA slipped to ZAR461.5m from ZAR504.2m in FY17. Sephaku Cement reported that profit margins were affected by above-inflation cost increases on energy costs such as electricity and low availability of coal. Maintenance costs also impacted on performance. The company's net profit for 2018 was ZA... |
Dangote Cameroon cement sales stable at 1.2Mt in 201807 March 2019, Published under Cement NewsDangote Cement sold 1.2Mt of cement in Cameroon in 2018, reflecting stable sales when compared with the previous years, according to the Nigeria-based company. Dangote Cameroon said the stagnation of its performance can be explained partly by the arrival of “a new competitor” in the market, Cameroonian company Egin SA, which produced around 100,000t in 2018. In addition, following price cuts by competitors earlier in the year, the average cement price in Cameroon reached US$107/t at the ... |
Dangote Cement to become largest cement exporter in sub-Saharan Africa06 March 2019, Published under Cement NewsAliko Dangote, president of Dangote Industries Ltd, has revealed the target set for Dangote Cement’s export plans by next year. "By next year we will be the largest exporter of cement in sub-Saharan Africa with about US$600m worth of cement export to other African countries with limited access to limestone," he said. Speaking at the 2018 Dangote Cement Distributors' Award Night, Mr Dangote also noted the role cement terminals will play in these plans. "In addition, we also have new termina... |
Dangote Cement reports rise in group revenue for 201828 February 2019, Published under Cement NewsNigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by a 11.4 per cent increase in Nigerian cement sales to 14.178Mt and a 9.5 per cent higher revenue per tonne for pan-African operations. Group EBITDA advanced 12.1 per cent to NGN435.26bn, compared with NGN388.14 of 2017. Meanwhile, total cement sales were up 7.4 per cent to 23.535Mt. "This is a record financial per... |
Dangote hires new CFO ahead of London IPO15 February 2019, Published under Cement NewsDangote Cement has hired Guillaume Moyen as chief financial officer for operations ahead of the company’s proposed listing on the London Stock Exchange later this year. Mr Moyen would be taking on a newly-created position, according to Carl Franklin, head of investor relations. He was previously employed as CFO by UAE-based OLA Energy. Dangote has tentatively scheduled in the long-awaited IPO for September, reported Bloomberg. |
Olesegun Olusanya resigns from Dangote Cement board05 February 2019, Published under Cement NewsOlusegun Olusanya has resigned form Dangote Cement Plc's Board of Directors. The cement maker disclosed on Monday Mr Olusanya informed the board that he would pursue other opportunities. No reason was given in a statement issued by the leading cement manufacturer for the decision of Mr Olusanya. "This follows his decision to voluntarily resign," the statement signed by the company secretary, Mr Mahmud Kazaure, stated. Mr Olusanya had served on Dangote's Board of Directors since 2010. |
Aumund wins Sinoma orders in Nigeria and Senegal17 January 2019, Published under Cement NewsAumund Group has received several new orders from Sinoma Nanjing NDI for cement plants in Nigeria and Senegal, while Schade Lagertechnik, part of the Aumund group, has received an order for several pieces of equipment for two Dangote Cement projects in Nigeria. For each of Dangote's two 6000tpd plants, Obajana Line 5 and Okpella, Aumund will supply three belt bucket elevators with a capacity of 660tph to convey raw meal, and to feed raw meal to the preheater towers at 520tph. Three furthe... |
Aliko Dangote has targeted Kenyan producer believed to be ARM09 November 2018, Published under Cement NewsDangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |