Cement News tagged under: Dangote Cement

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Dangote slams Ibeto for Nigeria surplus

24 December 2012, Published under Cement News

A spat has broken out between Nigeria’s leading domestic producer, Dangote Cement, and Ibeto Cement Company, the country’s sole cement importer. Dangote Group spokesman, Anthony Chiejina, Group Head, Corporate Communications, blamed a surplus of supply on the continued importation of subsidised cement into the country. According to Chiejina, Dangote Group’s Gboko cement plant was shut because of a flood of imported cement, adding that staff had to be put on forced leave, pending when t...

Nigeria: Dangote closes cement plant

07 December 2012, Published under Cement News

The management of Dangote Cement Plc has finalised arrangements to temporarily close down its 4Mta Gboko Plant as a result of competition and excess cement in the market, according to Guradian News. The Group Head, Corporate Communication, Dangote Group, Anthony Chiejina who confirmed this in Lagos, said the move was necessitated by the glut in the market arising from the success currently being recorded with the exponential increase in local production of cement and further compounded by ...

Dangote orders 500 heavy-duty trucks from Beiqi Foton

21 November 2012, Published under Cement News

Nigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers.

Dangote Cement could tip the balance to oversupply in East Africa

14 November 2012, Published under Cement News

Plans by Dangote Cement to set up a manufacturing plant in Tanzania have complicated expansion plans for Kenyan firms that have dominated exports of the commodity into the East Africa region in recent years. The planned cement plant, owned by Africa’s richest man Aliko Dangote, is expected to put an additional 1.5Mt of capacity by 2015, which will plug Tanzania’s cement deficit. Dangote’s cement factory in Southern Tanzania will be commissioned within one year of the launch of ARM’s factory...

Dangote nine month profit rises 13.5 per cent

02 November 2012, Published under Cement News

Nigeria's Dangote Cement said on Thursday its pretax profit for the nine months to September rose 13.5 per cent to NGN105.8bn (US$673.63m), compared with NGN93bn in the same period last year. Revenue for the nine month period hit NGN208.3bn, compared with NGN173bn in the same period of 2011. Dangote said heavy rains and flooding affected sales in the third quarter, but profit margins remained strong at 63 per cent owing to the effect of gas supplies which returned to normal to cut ener...

Dangote to eliminate Tanzania’s cement shortages

22 August 2012, Published under Cement News

When it comes on-stream in 18 months’ time, the new 2Mta Dangote cement plant at Mtwara is expected to reduce the cement deficit in Tanzania. Since 2011, the country’s cement deficit has exceeded 1Mt, according to the Tanzania Investment Centre (TIC). The TIC's acting executive director Raymond Mbilinyi said that in few years the country will no longer experience such deficit due to the establishment of the new cement plant in Mtwara. Mbilinyi said that the investment will also create over...

Nigeria: Dangote Group employment drive

20 August 2012, Published under Cement News

To generate more employment in the area, Dangote Group has unveiled plans to establish an agro-sacks manufacturing company at Ibese, Ogun state, to complement the Dangote Cement plant in the community as part of the company’s efforts to create employment, as well as other ventures. President of Dangote Group, Alhaji Aliko Dangote disclosed these investment plans during a meeting with Ibese community host members of Yewa North Local Government Council of Baales. Dangote, who was represented ...

Tanzanian production costs seen coming down, competition to increase

08 August 2012, Published under Cement News

Cement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector Local Listed Companies” by Tanzanian Securities indicates that due to the expected entry of three new players, prices are also seen declining. "We see an improvement in energy supply, introduction of new sources of energy and stabilisation of energy prices in the country as a special opportunity for cement producers"...

Dangote Cement pretax profit rises, Nigeria

03 August 2012, Published under Cement News

Nigeria’s leading producer Dangote Cement said on Thursday its pretax profit for the first half grew by 23 per cent YoY to NGN71.3bn (US$443m), from NGN58.1bn last year. Turnover at the cement maker climbed to NGN142bn during the period, compared with NGN112.7bn a year ago, it said in a filing with the Nigerian Stock Exchange.

Dangote Cement applies for two-year free float extension, Nigeria

31 July 2012, Published under Cement News

Dangote Cement Plc  is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian Stock Exchange (NSE) indicated. The 24-month waiver extension is to enable the company remain listed on the stock exchange despite maintaining a free-float that is below 25 per cent, a violation of the NSE requirement for listed companies. Out of the companies listed on the Nigerian bourse, Dangote Cement is one o...