Cement News tagged under: Dangote Cement
Nigeria: BUA Cement signs US$600m expansion deal with Sinoma07 September 2015, Published under Cement NewsBUA 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 growth04 September 2015, Published under Cement NewsThe 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/t04 September 2015, Published under Cement NewsDangote 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... |
Dangote opens grinding plant in Cameroon, Zimbabwe works on the cards01 September 2015, Published under Cement NewsDangote Cement Plc has inaugurated its 1.5Mta cement grinding plant in Douala, Cameroon. In addition, the company laid the foundation for a 200m terminal in Base Elf area, of the Douala Port. President of the Dangote Group, Aliko Dangote, said he company has decided to begin work on the second phase of the plant, which will see the doubling of its capacity to 3Mta. Zimbabwe plans The company has also indicated its intention to open a US$400m cement plant in Zimbabwe with a capacity of 1.... |
Dangote Cement signs fresh deal with Sinoma27 August 2015, Published under Cement NewsDangote 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 Cement24 August 2015, Published under Cement NewsDangote 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 support13 August 2015, Published under Cement NewsLocal 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 plant05 August 2015, Published under Cement NewsThe 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 NewsDangote 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 Cement30 July 2015, Published under Cement NewsDangote 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... |