Cement News tagged under: Dangote Cement

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Dangote Cement signs fresh deal with Sinoma

27 August 2015, Published under Cement News

Dangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana as well as in Nepal. The latest developments will boost capacity to more than 70Mta and Dangote is targeting further gains to about 100Mta of potential output by 2020, Aliko Dangote said in a speech in Lagos.

Dangote Cement

24 August 2015, Published under Cement News

Dangote Cement reported a 15.9 per cent YoY increase in first-half 2015 revenue, as production at its non-Nigerian factories ramps up. Net profit over the period grew by 27.6 per cent to NGN121.8bn (US$614m) while EBITDA expanded by 14 per cent to NGN147.5bn. Group cement sales volumes were up by 13.7 per cent to 8.1Mt with strong market share gains being noted in South Africa and Senegal. The Nigerian market accounted for NGN207.8bn of revenue with cement sales dropping by 7.5 per cent to...

Tanzania: government pledges support

13 August 2015, Published under Cement News

Local producers in Tanzania are being asked by the government to supply them with information on their production costs to make it easier for them to act on their complaints. Domestic cement producers are complaining of an unlevelled playing field due to cheap imports which, they say, were distorting the market. While the government is keen to find solutions for the cement producers including aid to help them reduce costs and fight off imports, it says cement producers have not been helpful...

Dangote inaugurates Zambian plant

05 August 2015, Published under Cement News

The Dangote Group on Tuesday inaugurated its 1.5Mta cement plant in Zambia together with a 30MW coal plant to power the factory. The  project was inaugurated by Zambia's President, Edgar Chagwa Lungu, at Masasiti district, Ndola,  Zambia. The plant began operations in June and is selling both 32.5 and 42.5 grade cement to meet local needs.

Dangote Cement 1H profit up 28%

03 August 2015, Published under Cement News

Dangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121.8bn (US$614m) in the six months through June, compared with NGN95.4bn in the same period a year earlier. Sales rose 16 per cent to NGN242bn. Group cement sales volumes were up 13.7 per cent YoY to 8.1Mt. Domestic cement sales in Nigeria fell 7.5 per cent to 6.3Mt. Nigeria margins were protected by new pricing, improve...

Zambia has potential for Dangote Cement

30 July 2015, Published under Cement News

Dangote Group of companies has continued its expansion plans in the cement industry with another plant target in Lusaka. Dangote will officially launch its Masaiti cement plant project on 4 August. The official commissioning will be attended by owner Aliko Dangote and the Nigerian vice president. However, the company still sees further potential in this market and The Zambia Development Agency (ZDA) has disclosed that Dangote will build another plant in the Chongwe area to expand its fas...

South Africa: Sephaku revenue up 36%

29 June 2015, Published under Cement News

Dangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, with profit after tax up 57 per cent. The group recorded a profit before tax of ZAR72m and net profit of ZAR47m. Sales revenues came mainly from the Delmas milling plant which reached a steady state of production in November 2014. Clinker and cement production at Aganang commenced...

Dangote Cement planning Asian market entry

18 June 2015, Published under Cement News

Dangote Cement is reportedly planning to enter the Asian cement market with the construction of a cement plant in Nepal. Quoting Aliko Dangote, Bloomberg reported that Dangote Cement Plc should complete a factory in Nepal by the end of 2017. It has received 90 per cent of the regulatory approvals needed to start construction in the south Asian nation hit by two earthquakes this year, he said. The company is expected to invest US$400m to build the cement plant with a capacity of as much as ...

Dangote inaugurates Ethiopian cement plant

05 June 2015, Published under Cement News

Dangote Cement has inaugurated its US$480m integrated cement works in Ethiopia in the presence of Prime Minister Hailemariam Desalegn. The new facility has a capacity of 2.5Mta and is located in West Shewa Zone, near Muger town of Oromiya Regional State, about 85km from the capital Addis Ababa. During the inauguration ceremony yesterday, Aliko Dangote, owner of the Dangote Group, said: "The ease of investing in Ethiopia proves the enduring political stability in the country and a favourable...

Dangote begins trial operations at new Ethiopian plant

03 June 2015, Published under Cement News

Dangote Cement Plc began trial production of cement last week at its 2.5Mta cement works in Ethiopia,  AllAfrica press reported. The milestone of kiln ignition was achieved in April 2015. The plant is connected to grid electricity and stockpiles of limestone have been built up from the quarry, 4km away. Dangote Cement has been building its logistical and marketing capabilities in advance of commercial sales. According to local news reports, the company has already imported 1.2m packaging...