Cement News tagged under: Dangote Cement
South Africa: Sephaku revenue up 36%29 June 2015, Published under Cement NewsDangote-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 entry18 June 2015, Published under Cement NewsDangote 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 plant05 June 2015, Published under Cement NewsDangote 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 plant03 June 2015, Published under Cement NewsDangote 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... |
Dangote revenues boosted by new capacities18 May 2015, Published under Cement NewsDangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a... |
FLSmidth reaches agreement to exit O&M contracts in Nigeria07 May 2015, Published under Cement NewsIn November 2013 FLSmidth signed a number of contracts with the Nigerian cement producer Dangote Cement PLC for operation and maintenance of production lines at their Ibese and Obajana cement plants in Nigeria for a period of five years. Due to changed market conditions, Dangote Cement and FLSmidth have reached an agreement to end the operation and maintenance collaboration on the two plants, the Danish equipment supplier said in a statement yesterday. The discontinuation of the O&M contra... |
Dangote commences operations in Senegal, Cameroon30 March 2015, Published under Cement NewsDangote Cement has commenced operations at new cement facilities in Senegal and Cameroon, which form part of the company's plans to become a pan-African enterprise. The new Senegalese plant, located in Pout district, about 75km from Dakar, the country’s capital, has a total production capacity of 1.5Mta. With the new plant, the company hopes to improve the country’s cement production capacity with an additional 1.5Mta while serving an export market demand of 2Mt along the Mali ax... |
Dangote Cement pretax profit down 3.2%27 March 2015, Published under Cement NewsDangote Cement's pretax profit fell 3.2 per cent to NGN184.68bn (US$928m) last year due to a gas shortage and the impact of wet weather on construction activity, the company said on Thursday. The company said sales volumes in its domestic market of Nigeria fell 3.2 per cent to 12.87Mt, weaker than the decline in the overall market of 0.8 per cent to 21Mt. Full-year revenues for 2014 climbed to NGN391.63bn during the 12-month period to 31 December, up from NGN386.17bn the previous year, ... |
Dangote Cement26 March 2015, Published under Cement NewsDangote Cement expects its new plant in Ethiopia to begin test production by the end of March this year with product ready to enter the market in late April/early May. The plant, which is located in West Shoa Zona, 85km from Addis Ababa, has a production capacity of 2.5Mta, making it the biggest of its kind in east Africa. Construction at the US$500m plant began in March 2012 with Sinoma International Engineering overseeing the works. Once completed the plant will produce OPC, PPC and spe... |
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 ... |