Cement News tagged under: Dangote Cement
Dangote reports 60% rise in sales in 1H1629 July 2016, Published under Cement NewsDangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower selling prices, higher fuel costs and the impact of Pan-African plants in ramp-up phase saw its EBITDA down 10.2 per cent to NGN132.5bn. The EBITDA margin reached 45.4 per cent. Net debt stood at NGN293.3bn, giving a net gearing of 43.1 per cent. In terms of group cement volumes, Dangote sold 59.5 per cent more cement YoY... |
Dangote Cement22 July 2016, Published under Cement NewsDangote Cement has signed an EPC contract with Sinoma International Engineering Co Ltd for its new 1.5Mta slag grinding plant in Onne, Nigeria. The US$89m project includes the entire process from the unloading of slag and plaster to the packaging and delivery of the final cement. Sinoma will provide engineering design, equipment procurement and supply, dismantling of existing factory buildings, civil construction, installation of mechanical and electrical equipment, debugging and staff tr... |
Nigeria: Sinoma wins EPC contracts for two projects20 July 2016, Published under Cement NewsChina National Materials Company said its subsidiary Sinoma International Engineering Co Ltd, has signed two Engineering, Procurement and Construction (EPC) contracts in Nigeria - one for a 6000tpd production line with Okpella Cement Plc and a further one for the 1.5Mta Onne slag grinding plant with Dangote Cement Plc. The first project is for a 6000tpd integrated cement plant in Okpella, Edo state, and covers the whole process from crushing of limestone mines to packing and delivery of... |
Ghana: Dangote creates 5000 jobs13 July 2016, Published under Cement NewsTo improve the access and availability of cement across the country, Dangote Cement Ghana has acquired 1000 new trucks for the distribution of cement into all parts of Ghana. These new trucks have opened up opportunities for drivers, loaders and truck driver assistants. Media Relations Manager for the company, Etornam Komla, said that the cement producers has started the recruitment process and that all new drivers will be on board by the end of July. As well as investing in distribution,... |
Nepal: planned entry of foreign cement giants21 June 2016, Published under Cement NewsThe proposed entry of foreign cement manufacturers into the Nepalese market has set off an expansion drive amongst domestic producers. Dangote Cement of Nigeria, Reliance Cement of India and Hongshi and Huaxin of China have all been given necessary approvals to begin operations in Nepal. The combined FDI for these companies amounts to US$1.45bn and the total proposed output stands at 22,000tpd. This increase in capacity by foreign companies has created unrest among domestic manufacturers.... |
Nigeria: Dangote appoints non-executive director15 June 2016, Published under Cement NewsDangote Cement PLC, Africa’s largest cement producer, announces the appointment of Dorothy Udeme Ufot, SAN, as an independent non-executive director. Mrs Ufot has more than 26 years’ experience in commercial litigation at trial and appellate levels, having been admitted to the Nigerian Bar in 1989 and then admitted to the Inner Bar as a Senior Advocate of Nigeria (SAN) in April 2009. She also qualified as a Chartered Arbitrator at the Chartered Institute of Arbitrators, London, in 2003. ... |
Nigeria: producers hit by falling prices now face naira devaluation09 June 2016, Published under Cement NewsThe devaluation of the naira – agreed in principle by the Central Bank of Nigeria in May – will hit Nigerian producers’ revenues, Bernstein warns. The decision to revalue marks a reversal of course by the government, which had for some time faced calls to allow the currency to depreciate. Bernstein’s analysis focusses mainly on the implications for LafargeHolcim as the only major with a significant presence in Nigeria. It concludes that the company – already facing pressure from a 20 per ... |
Nigeria: Dangote begins construction of Itori-Ibese road06 June 2016, Published under Cement NewsDangote has begun construction of a network of concrete roads in Nigeria, beginning with a 24km stretch linking Itori and Ibese in Ogun state, Leadership reports. Speaking at the inauguration of the first road, Aliko Dangote said that concrete roads offered a means to address the infrastructural challenges faced by African nations. Dangote said: “We have also recently been finally awarded the contract to reconstruct the 42km Obajana-Kabba Road in Kogi State, in concrete. The estimated ... |
Ghana: new Dangote plant02 June 2016, Published under Cement NewsDangote Cement have announced plans to establish another cement plant in Takoradi, Ghana. The new grinding plant will have a capacity of 1.5Mta. The company has acquired 41 acres (17ha) of land for the project. |
Nigeria: Dangote majority contributor to solid mineral revenues26 May 2016, Published under Cement NewsThe Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Dangote paid NGN15.9bn (US$80m) in taxes on solid minerals in 2013, more than the rest of the industry combined, Vanguard reports. The NEITI report showed that in 2013 the government of Nigeria received revenues of NGN33.86bn (US$170m) in taxes on solid minerals, to which Dangote paid 53 per cent. In all, five cement companies – Dangote, CCNN, Ashaka, Unicem and WAPCO (the last three all owned by LafargeHo... |