Cement News tagged under: Dangote Cement
Dangote heads to South America?24 January 2014, Published under Cement NewsDangote 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... |
Sephaku launches production at Delmas plant16 January 2014, Published under Cement NewsSephaku Cement began commercial production at its Delmas grinding plant on 6 January 2014 following a successful commissioning phase, Sephaku Holdings has announced. The Delmas plant, situated in east of Gauteng, is expected to ramp up capacity to 1.4Mta by mid-2014. CEO, Dr Lelau Mohuba, said: "This has been a nine-year journey and we are pleased to finally have our cement brand in the market. We are proud of SepCem's highly experienced operational team for attaining this key milestone in... |
Dangote on-track to complete five projects in 201414 January 2014, Published under Cement NewsDangote Cement will complete five cement plants across sub-Saharan Africa this year, adding around 13.5Mta of capacity to the group's existing volumes, according to Aliko Dangote, company chief executive. The projects include a 1.5Mta plant in Zambia and Tanzania each, a 3Mta works in South Africa and a 1.5Mta facility in both the Republic of Congo and Gabon. Last week, Nigeria's High Commissioner to Zambia, Sifawu Momoh, said that the Zambia plant will be inaugurated next month. In it... |
Dangote to commission Zambia power plant by end-1Q1418 December 2013, Published under Cement NewsThe Dangote Group will commission a US$50m power plant in the first quarter of 2013 to supply its factory currently under construction in Ndola, Zambia Anand Kameshwar, company senior general manager responsible for the project told the Times of Zambia that construction of the power plant was progressing well and the power plant will start operating by the end of the first quarter of 2014. “This plant is intended at making its own power available to the cement plant as opposed to connectin... |
Nigeria: Dangote investment drive not only in cement13 December 2013, Published under Cement NewsDangote Group, plans to invest about US$16bn in cement, petrochemicals and agriculture over the next four years. "We are investing US$4.7bn to finish our projects in cement in about 18 countries, including Nigeria," Aliko Dangote told Bloomberg. "We are also spending about US$2.3bn on agriculture, which is sugar and rice." The investment will help the Lagos-based company grow by almost a third in 2014, according to Mr Dangote. "We are very, very optimistic for 2014 - we are expecting avera... |
Dangote to use Sea Invest to import 1Mta into Côte d’Ivoire02 December 2013, Published under Cement NewsNigeria’s Dangote Cement’s subsidiary in Côte d’Ivoire plans to use the Sea Invest platform in Abidjan to import 1Mta of cement into the country. Pending the construction of a cement plant, Dangote’s Edwin Devakumar is reported by local media to be negotiating the move with Sory Diabate of Sea Invest to use the Belgian company. However, local cement companies CIMAF, part of Morocco’s Addoha portfolio, and Société de Cimenterie Abidjan (SCA) have protested against the plans, arguing th... |
Nigeria: Dangote Cement Plc gross revenue soars20 November 2013, Published under Cement NewsIn the 1H13 Dangote Cement Plc's gross revenues grew by 29 per cent to NGN288.9bn (US$1.8bn) for the 3Q13, from NGN224.5bn recorded in the corresponding period 3Q12. Dangote Cement recorded a profit before tax (PBT) of NGN151.7bn for the nine-month period to September 2013, an increase of 43 per cent YoY from NGN106.4bn in 3Q12. Operational expenses grew by 57 per cent to NGN33.6bn in the nine months through to September 2013, while finance cost reduced by five per cent to NGN9.1bn in t... |
Douala plant expects first output in 2Q14, Cameroon14 November 2013, Published under Cement NewsDangote Cement’s new cement factory in Douala, Cameroon, is on-track to start producing its first cement in May 2014, the plant’s general manager has said. “The installation activities are ongoing. Engineering is almost 100 per cent done, procurement about 90 per cent, construction we have attained about 60 per cent and we hope that by April or May 2014, we should be in the market,” Adullali Baba told local press. |
Dangote 3Q revenue rises on strong domestic demand11 November 2013, Published under Cement NewsDangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria. According to the unaudited results, profit before tax (PBT) rose to NGN151.73bn (US$957.9m) compared to NGN106.43bn in 2012, while operating profit rose by 36.4 per cent to N156.89bn. Revenue for the period rose to NGN64bn compared to NGN244.50bn in the preceding year. Commenting on the results, Group Managing Director, Dangote Cement, Devakumar Edwin, said the co... |
FLSmidth wins large O&M contract from Dangote Cement in Nigeria05 November 2013, Published under Cement NewsFLSmidth and its affiliated companies have signed a number of contracts with Dangote Cement PLC for operation and maintenance of certain production lines at their cement plants in Nigeria for a period of five years. The value of the contracts is undisclosed. FLSmidth has had a business history with Dangote Cement PLC which includes the supply of two of the four production lines at Dangote Cement PLC's plant at Obajana, Kogi State, Nigeria. The contracts, which together constitute the la... |