Cement News tagged under: Dangote Cement
Dangote’s Zambian plant due to start operations by month-end13 March 2015, Published under Cement NewsDangote Cement’s Zambian cement plant is scheduled to start operations at the end of this month, group CEO, Aliko Dangote, has said. Speaking to journalists shortly after touring the plant, Mr Dangote explained that floods triggered by heavy rain and bureaucracy in acquiring a permit from the Zambia Environmental Management Agency (ZEMA) caused delays in the commissioning of the 1.5Mta cement plant. “There was a delay of getting a permit from ZEMA, which actually made us start production ... |
Dangote Cement03 February 2015, Published under Cement NewsNigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou... |
Dangote Cement appoints new CEO26 January 2015, Published under Cement NewsDangote Cement Plc has appointed Onne van der Weijde as chief executive officer, effective 1 February 2015. Mr Van der Weijde, ex-Holcim India head, will take the helm from Dangote Cement's outgoing CEO Devakumar Edwin. Mr Edwin told Reuters in an interview that the transition comes at a time when some of the large capital expenditure projects of Dangote Industries Ltd, which he handles, have started to materialise. |
Cameroon: first raw materials arrive at Dangote’s Douala plant14 January 2015, Published under Cement NewsDangote Cement has received the first cargoes of raw materials for its new cement works at Douala, Cameroon. The delivery consists of clinker, gypsum and pozzolan, produced in the 27ha quarry in Tombel, in the south-west of the country. Dangote has an exploitation agreement for five years for the location. Over the past two weeks, the company has been carrying out equipment tests in the new 1.5Mta plant, which represents an investment of XAF50bn (US$90m). |
Nigeria: Benue prices increase as Gboko stops production30 December 2014, Published under Cement NewsOperations at Dangote Cement's Gboko plant have been temporarily grounded leading to an increase in cement prices in the Nigerian state of Benue, according to local press. The Daily Times (Nigeria) reported on Saturday that commercial operations at the cement plant have been suspended over the last fortnight. The stoppage has led to prices in Benue state almost doubling from NGN1400 (US$7.67) to NGN2500 due to US$13.7, the report added. The shutdown is being attributed to two main fact... |
Dangote raises cement price23 December 2014, Published under Cement NewsReversing a November price cut, Dangote Cement increased the price of its product to NGN2200/50kg bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the Ibese plant. Ex-works prices from Isolo hovered around the NGN1700 mark, according to one local source. The changes, which were not formally announced by the cement producer, are effective 15 December 2014 and distributors have said that the rapid reversal... |
Dangote reverses price cut18 December 2014, Published under Cement NewsJust over a month after initiating a dramatic price cut, Dangote Cement has raised prices again in Nigeria. The price of 42.5 grade cement has reportedly increased from NGN1150 (US$6.10) to NGN1567 (US$8.37, excluding VAT). This translates to a 35 per cent rise and taking the price higher than the level before the November cut. Analysts at Morgan Stanley comment that the original decision to drop prices appears to have been prompted by a build-up of stocks that Dangote was unable to se... |
Dangote expects first cement from new Cameroon works in January17 December 2014, Published under Cement NewsThe first bagged output from Dangote Cement’s Douala plant in Cameroon is expected to reach the market in the first week of January 2015, according project director Baba Abdullahi. “We will start production next week and our cement will be available in all the towns of the country. We are working to that effect,” he said. “Various tests start on 20 December 2014 and 10 days later, we will start actual production.” During a visit to the site on 8 November 2014, Aliko Dangote explained t... |
Tanzania likely to start exporting cement soon26 November 2014, Published under Cement NewsTanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Tanzania's cement output rose 18.9 per cent last year to slightly above 3Mt on the back of higher demand. Janet Mbene, deputy trade minister, said the rise in output would see Tanzania produce a surplus to be exported. Annual cement production in east Africa's second-largest economy wil... |
Dangote Cement to reduce capex next year07 November 2014, Published under Cement NewsDangote Cement expects to slow its capital spending next year to around US$700m, as it completes most of its African expansion projects, its chief executive told Reuters on Wednesday. Edwin Devakumar said Africa's biggest cement operation budgeted to spend around US$1.4bn this year, as it ramps up its cement works from Senegal to Zambia. "This year we may end up with a capex of close to US$1.4bn though we expect it to come down next year to around US$700m," Mr Devakumar told the news agenc... |