Cement News tagged under: Dangote Cement
Dangote nine-month pretax profit rises 42.5%31 October 2013, Published under Cement NewsDangote Cement said its pretax profit for the first nine months of 2013 rose 42.5 per cent to NGN151.72bn (US$952m), compared with NGN93bn in the same period last year. Revenue for the period also rose to NGN288.98bn, compared with NGN224.49bn in the same period of 2012. |
Loesche wins another order at Dangote's Ibese works20 September 2013, Published under Cement NewsDangote Cement has placed another order with Loesche for a VRM cement mill, this time for its new Ibese 7 project. Loesche will supply a LM63.3+3 mill for clinker to be ground with components such as gypsum and limestone.This is the seventh LM63.3+3 to be ordered by Dangote for the Ibese works, and the total capacity of the seven mills will be well over 2000tph. In addition, Loesche will deliver a hot gas generator type LF20 (burner dual fuel HFO/natural gas) and the complete mechanical ... |
Dangote plans to invest in new Kenya plant09 September 2013, Published under Cement NewsDangote Cement plans to invest in a new cement plant in Kenya, according to the country’s president’s office. Aliko Dangote was part of a business delegation that was visiting Kenya with Nigeria's President Goodluck Jonathan. The countries signed bilateral deals in sectors including tourism, agriculture and oil and gas. "(President Uhuru Kenyatta) particularly cited the ... the decision by Nigerian tycoon Aliko Dangote to invest US$400m in a cement processing plant as an indicator that ... |
Dangote cement defers LSE listing22 August 2013, Published under Cement NewsDangote Cement has delayed plans for its listing on the London Stock Exchange (LSE) to 2014. Alhaji Aliko Dangote, chairman of Dangote Group, had announced the company intended to float a 20 per cent stake in Dangote Cement to finance its rapid expansion. Dangote's Vice Chairman, Alhaji Tajudeen A Sijuade, told Citi Business News, the company is on track to meet the stringent corporate governance requirements for a premium listing and is likely to list next year. “Maybe next year we have g... |
Ethiopian government commends Dangote over new cement plant19 August 2013, Published under Cement NewsThe prospect of large job creations arising from the establishment of the new cement plant has encouraged the government of Ethiopia has commend the effort of the president of Dangote Group, Alhaji Aliko Dangote, and promised to provide the enabling atmosphere to make the business thrive. The commendation, conveyed through a letter from the government of Ethiopia to Alhaji Dangote came on the heels of a similar appreciation by the government of Tanzania over the recent ground-breaking cere... |
Dangote sees 53% pretax profit rise, Nigeria29 July 2013, Published under Cement NewsDangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to the NSE, the profit before tax rose by 52.8 per cent compared to NGN70.8bn recorded in the corresponding period in 2012. Gross profit also increased, by 43.8 per cent from NGN91.9bn to NGN132.1bn, while operating profit moved up from NGN76.4bn to NGN111.1bn, indicating an increase of 45.4 per cent. The company saw... |
Dangote Cameroon works on-track for 2014 start26 July 2013, Published under Cement NewsConstruction on Dangote’s new cement plant in Elf du Wouri, Cameroon, is on schedule to start production in January 2014. Representing an investment of XOF58.5bn (US$119m), Dangote Industries Cameroon is expected to first produce 1Mta local press have reported. The plant has the option to expand output to 1.5Mta. |
Sephaku Cement's two projects on track for 2014 completion01 July 2013, Published under Cement NewsThe construction of Sephaku Cement's ZAR3.2bn (US$322m) Delmas grinding plant and the Aganang clinker and cement works in South Africa are both at an advanced stage of development and are on schedule to commence production in the first two quarters of 2014. In a recent report the Dangote subsidiary said that the 1.4Mta Delmas cement milling plant in Mpumalanga is on-track for completion in the final quarter of 2013, with production due to start in January 2014. The grinding works will rece... |
South African firm stakes NGN45.7bn on Dangote Cement11 June 2013, Published under Cement NewsPublic Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. PIC is owned 100 per cent by South African government and it has funds valued at US$115bn under its management. Although no explanation was given by Dangote Cement regarding the acquisition, PIC is now holding 1.5 per cent in addition to the 5.11 per cent of the company’s shares available for trading on the Nigerian... |
Dangote breaks ground on Tanzania plant28 May 2013, Published under Cement NewsDangote Cement has marked the next step of its impressive African expansion drive by laying the foundation stone for a new cement plant in Tanzania. "The groundbreaking ceremony of the 3Mt cement factory takes place today [27 May 2013] in Tanzania, a statement from the Dangote group said. The Tanzania plant forms part of the company’s plant to expanding its operations not only in its domestic market of Nigeria, but further afield in other west and central African markets. Expansi... |