Cement News tagged under: Dangote Cement
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... |
Dangote sees strong start to second quarter, Nigeria02 May 2013, Published under Cement NewsNigeria’s largest cement producer, Dangote Cement, has said strong demand in April is likely to help boost second-quarter revenue to NGN98.5bn (US$623.3m). However, the start-up of its long-awaited plant in Senegal is facing further delays due to land issues. Dangote said in a statement that pretax profit is expected to reach NGN50.6bn (US$320m). First-quarter net income rose 81 per cent to NGN53.7bn as volumes rose by 38 per cent. “The year has begun well for Dangote Cement and our 38 p... |
Dangote Cement net profit boosted by increased capacity25 April 2013, Published under Cement NewsDangote Cement Plc, Nigeria’s largest cement producer said full-year profit gained 24 per cent attributed to increased capacity improving sales. Net income for the year through December advanced to NGN149.6bn (US$941.8m) from NGN120.9bn earlier, the company said in an e-mailed statement. Revenue rose 24 per cent to NGN298.5bn. Chairman Aliko Dangote, said new capacity accounted for a 20 per cent increase in sales. “By the end of 2012 we were preparing to make Nigeria an exporter of c... |
Dangote forays into to oil and gas sector26 March 2013, Published under Cement NewsAliko Dangote, CEO of the Dangote Group, is moving into the oil and gas sector as he eyes up Chevron and Shell oil fields to feed the group’s planned US$9bn refinery, the largest privately-owned refinery facility in the country. He intends to acquire the oil companies’ blocks of oil-rich swamp – formerly intended for the Olokola LNG project, which was expected to supply two trains of 6.3Mta of LNG, with a final capacity of up to 35Mta. To realise his plans, he has put in the highest bid f... |
Nigeria considers new tariff on imports to protect local producers19 March 2013, Published under Cement NewsThe Nigerian government is considering imposing a new tariff on imported bulk cement following an influx of volumes which are said to have caused a glut in the market. The current duty on imported bulk cement is 10 per cent, but no levy is imposed on the commodity. Dr Olusegun Aganga, Minister of Trade and Investment, said during a meeting with select ministers on Nigerian business competitiveness organized by the Nigerian Economic Summit Group. According to reports by local press, D... |
Nigeria: managing the surplus18 February 2013, Published under Cement NewsEarlier this week United Cement Company of Nigeria Ltd (Unicem) became the latest domestic producer to announce a new round of investment as it aims to double capacity by 2016. But with the country's recent drive to increase volumes resulting in the present-day overcapacity situation, particularly in the southwest, how will the market deal with the situation and what measures are producers taking to manage the surplus? The last two years have seen Nigeria come of age, at once becoming sel... |
Loesche wins new grinding order in Cameroon15 February 2013, Published under Cement NewsLoesche has been selected by Sinoma International Engineering to provide a vertical roller mill and associated equipment for Dangote Cement’s new grinding plant in Douala, Cameroon. A Loesche Mill Type LM 53.3+3C will grind clinker with components such as gypsum, limestone and pozzolana. The product rate of clinker type CEM I A-L 42.5 will be 155-168tph at 3200Blaine while the product rate of clinker type CEM II 32.5 will be 230tph at 3600Blaine. The mill motor capacity for the LM 53.3+3C ... |
Nigeria: Gboko cement plant reopens11 February 2013, Published under Cement NewsThe reopening of Dangote Cement plant Gboko in Benue state on 1 February 2013 by the management came as a relief to the people of the state, especially those who earn their daily bread from the company. The factory, which was closed down last year as a result of the glut in the domestic cement market, said it will operate at half capacity for now. The decision to reopen the plant was reached immediately after a meeting between President Goodluck Jonathan and the Chairman of Dangote Cement,... |
Nigeria's Flour Mills to borrow to double cement capacity11 February 2013, Published under Cement NewsFlour Mills of Nigeria plans to borrow between US$400m-500m to construct a new cement plant which will double its existing 2.5Mta capacity, its chief finance officer said. Jacques Vauthier told Reuters the conglomerate had appointed financial advisers and banks to raise a term loan from the local market for the construction of the plant. He said the details of the loan were still being finalised. The new cement plant will be completed by 1Q16, Vauthier said. Nigeria's biggest cement firm ... |
Dangote Cement reopens Gboko plant, Nigeria04 February 2013, Published under Cement NewsDangote Cement has resumed operations at its Gboko plant in Benue State, Nigeria, due to strong demand. The company closed the plant in December because of a glut in the market caused by cheap, imported cement being sold in the area it serves. “We are reopening Gboko immediately,” Carl Franklin, the London-based head of investor relations, said in a statement. “Demand has been strong since the beginning of the year.” "Since the shutdown of the Gboko Cement Plant, the government has ... |