Cement News tagged under: Dangote Cement

RSS feed

Dangote Cement to sell first cement in Cameroon in July

02 June 2014, Published under Cement News

Dangote Cement will start selling cement produced in its factory in Cameroon from July onwards. It expects works on its new plant to be finalised within a month, according to the company. Representing an investment of XOF54bn (US$112m), the new facilities have a 1Mta production capacity and it expected that cement production will surpass 1.5Mta from 2016.  “The price of Dangote cement will be very competitive,” according to Baba  Abdullahi, Dangote Cameroon’s MD, against 50kg bags by ...

Nigeria: Dangote to stabilise cement price

08 May 2014, Published under Cement News

Speaking to shareholders at the 5th 2013 Annual General Meeting Aliko Dangote, Chairman of Dangote Cement Plc, pledged that his company would intensify direct-to-consumer deliveries to help stabilise cement prices in Nigeria. Aliko Dangote admitted that most input costs into cement production have risen to an "astronomically high" level, but that his organisation is committed to reducing prices. Dangote sold 13.3Mt of cement in Nigeria within the financial year representing an increase of 2...

Dangote breaks ground on new Niger plant

25 April 2014, Published under Cement News

Dangote Cement has broken ground on a new a 1Mta cement factory in Niger, state radio in the western African country announced on Thursday. President of Niger Mahamadou Issoufou formally started building work on the factory on Wednesday at Keita, around 600km northeast of the capital Niamey. The CFA200m (US$ 421.35m) plant is expected to take 18 months to complete. "This is an important event after the railway project started on 7 April last year. This cement factory will contribute a lot...

African Forum checks dynamics of cement prices

07 April 2014, Published under Cement News

Zambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta...

Dangote: new capacity development update

28 March 2014, Published under Cement News

Full-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of new projects scheduled for completion this year both on the home front and across the sub-Sahara Africa region, the emerging cement major is targeting 60Mta of production, grinding and import capacity by 2016. On Wednesday the company delivered its 2013 financial review highlighting that revenues rose by 22.4 per ...

Dangote Cement revenue rises 29.4%

27 March 2014, Published under Cement News

Dangote Cement, Nigeria’s largest cement company saw revenues rise 29.4 per cent last year to nearly NGN386.2bn (US$2.45bn), backed by 28.2 per cent growth in domestic volumes. In Nigeria, revenue from cement operations (including haulage revenue) rose by 30.1 per cent YoY to nearly NGN371.6bn. Dangote Cement Ghana Ltd contributed revenue of NGN14.1bn in 2013, an increase of nearly 15.2 per cent on 2012. At group level, gross profits rose by 35.3 per cent to NGN243.7bn. Consolidated gr...

Senegal cement battle looms

24 March 2014, Published under Cement News

Aliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote.  Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th...

Dangote eyes 3Mta Kenyan plant construction

03 March 2014, Published under Cement News

Alhaji Aliko Dangote, president of the Dangote Group, has said his conglomerate is planning to build a greenfield cement plant in Kenya. Dangote made the disclosure during the visit of the Kenyan deputy prime minister, William Ruto, to Dangote Cement Obajana plant in Kogi State, Nigeria, on Friday. The pending plant is slated to have a capacity of 3Mta. The Kenyan deputy prime minister said he was impressed with Dangote’s Obajana, telling local press that “as soon as the remaining two lice...

Zambia: Dangote’s Ndola plant on track for July commissioning

19 February 2014, Published under Cement News

Dangote is expected to commission its new cement factory in Ndola in July this year, senior general manager for Dangote Projects, Anand Kameshwar, has indicated. In an interview with All Africa news, Kameshwar said installation of major equipment at the plant by Sinoma Engineering of China was nearly complete. "Most of the major equipment has been installed and the project is on course and should be complete by July," he said. The company is also constructing a 30MW power substation that w...

Dangote heads to South America?

24 January 2014, Published under Cement News

Dangote Cement plc is planning to build a presence in three South American countries, according to Nigeria’s economic newspaper Business Day, quoting Devakumar Edwin, Dangote’s CEO. Mr Edwin said the company has signed a joint-venture agreement with an undisclosed regional firm. He also refused to name the three countries concerned, saying only that they “have enormous natural resources and experience high growth rates.” His reticence to offer further information he attributes to reasons of...