Cement News tagged under: Dangote Cement

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Dangote outlines plans to expand Ethiopian operations

20 November 2015, Published under Cement News

Dangote Cement is to invest US$450m to double capacity at its Oromia plant in Ethiopia. Local press reported that the Nigerian cement producer has already received a 36ha plot of land from Oromia State, near the plant's site in Mugher, Adebern Wereda The company requested the land from Oromia Investment Commission in September 2015. Now it is processing right of way issues at Wereda level, AllAfrica News reported. The new plant will employ 1300 people when it is completed, according to All ...

Dangote Cement 9M15: new operations help offset weaker domestic demand

27 October 2015, Published under Cement News

Dangote Cement said nine-month profit gained 12 per cent as its new operations across the African continent helped offset weaker demand in its home market of Nigeria. Net income was NGN158bn (US$794m) in the nine months through September, compared with NGN141bn a year earlier, the company said in a statement on Monday. Sales rose 18 per cent to NGN366bn. Lower oil prices and a weaker currency were among factors weighing on the Nigerian business, where sales declined 0.7 per cent. “Our n...

Dangote commissions 3Mta Tanzanian plant

13 October 2015, Published under Cement News

Dangote Cement has commissioned its 3Mta Mtwara cement plant in Tanzania and held a groundbreaking ceremony for a 26ha jetty, as the Nigerian cement major continues its expansion drive in Africa and beyond. The new plant is expected to reduce imports into Tanzania as well as bring down prices in the country. The company aims to Tanzania's main consumption centres as well as neighbouring markets. Dangote Cement previously noted that although located near the coast, the plant will be able to ...

Tanzania: Dangote Cement awards 150,000t coal contract to Tancoal

09 October 2015, Published under Cement News

Dangote Cement in Tanzania awarded Tancoal Energy Ltd, part of Australia’s Intra Energy Corp Ltd, the contract for more than 150,000t of coal, which will be supplied over the course of next year. The AUD9.3m order represents about half of Dangote Cement Tanzania’s coal requirement and will enable Tancoal to increase mine output by 35 per cent.

DR Congo: new plant online in December 2016

29 September 2015, Published under Cement News

Dangote’s new plant in the Republic of Congo is expected to enter production in December 2016. The new 1.5Mta plant in Bouenza, Yamba district represents an investment of XOF139.725bn. However, the succesful completion of this project is subject to the construction of a new bridge over the Niari river on the Buiansa-Mouyondzi axis. The old bridge, which has a carrying capacity of 25t, does not allow construction workers to transport structures of over 75t. The Congolese market is currently...

Dangote Tanzanian plant set for October commissioning

29 September 2015, Published under Cement News

Dangote Cement is set to commission its new 3Mta cement plant located in Mtwara District of Tanzania on 10 October 2015. The company will also hold the groundbreaking ceremony for 25ha of jetty land at Mgao village in Mtwara District in the country the same day, according to AllAfrica News. The commissioning of the new cement plant, which is part of the company's Africa expansion strategy, will be the fourth in the series after Ethiopia, Zambia and Cameroun. Cement plants due for commissio...

Zambezi Portland lowers cement price

22 September 2015, Published under Cement News

Competition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51.

Nigeria: BUA Cement signs US$600m expansion deal with Sinoma

07 September 2015, Published under Cement News

BUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant.  The plant currently produces 3.5Mta, but by the end of 2017 capacity will rise to 7Mta. BUA's executive chairman, Abdulsamad Rabiu, said at the signing ceremony, “BUA has less than 10 per cent of market share now, after expansion we should go to about 20 per cent.” The Nigerian cement market is currently controlled by Dangote Cement, which has a 70...

Zimbabwe offers Dangote growth

04 September 2015, Published under Cement News

The Nigerian billionaire, Aliko Dangote, head of the Dangote Group, visited Zimbabwe this week and struck investment deals in mining, cement manufacturing and power generation. Dangote separately met President Robert Mugabe and his deputy, Emmerson Mnangagwa, as well as mining, transport and local government ministers. He was particularly forthcoming about the cement manufacturing plant, telling journalists after meeting Mr Mnangagwa, that he was looking to set-up "an integrated cement pla...

Nigeria: Dangote Cement reduces prices by NGN6000/t

04 September 2015, Published under Cement News

Dangote Cement announced that it will lower the price of its 3X cement by NGN300/50kg bag or NGN6000/t. Onne van der Weijde, Dangote’s director general, has indicated that the company’s cost reduction strategy has started to bear fruit, enabling Dangote to achieve attractive margins and reduce the prices. Mr Van der Weijde added:  "We hope this new pricing strategy will support the naira, by reducing unnecessary imports and by creating currency value through the income to be generated from...