Cement News tagged under: Dangote Cement
Dangote responds to plant ownership claims13 October 2022, Published under Cement NewsDangote Industries Ltd (DIL), the parent organisation of Dangote Cement Plc (DCP), has issued a statement reiterating that it acquired the Obajana cement plant in Kogi State following due process, reports The Punch newspaper. The statement is in response to claims by the Kogi State government that Dangote could not prove it was the legal owner of the factory. The statement by DIL clarified that the plant and machinery were conceived, designed, procured, built, and paid for solely by D... |
Dangote in crisis talks over violence at Obajana plant12 October 2022, Published under Cement NewsAliko Dangote, president of the Dangote Group , has met with state governors to try and resolve the crisis at the cement producer’s Obajana plant. In attendance at the meeting was Yahaya Bello, governor of Kogi State, Abdullahi Sule, governor of Nasarawa State, and Ibrahim Gambari, chief of staff to the President of Nigeria. The meeting follows violence at the plant after the Kogi State Government attempted to seal the plant over concerns relating to tax evasion and legal ownership of ... |
Dangote responds to Obajana plant closure10 October 2022, Published under Cement NewsDangote Cement Plc wishes to enlighten stakeholders and the public on the recent shutdown at its Obajana Cement plant in Kogi State. Dangote Cement said, "thugs and local vigilantes from the State Government invaded and sealed the Obajana Cement plant [last Wednesday] over alleged claims of unpaid taxes and Kogi State Government purported equity interest in Dangote Cement PLC. This development led to several of our staff being harmed by these thugs and local vigilantes." Dango... |
Dangote's Obajana cement factory closed off06 October 2022, Published under Cement NewsDangote Cement's Obajana cement factory in Kogi state, Nigeria, has been sealed off by Kogi State Internal Revenue Service (KGIRS). The plant has been closed off because KGIRS is investigating the company over tax evasion and acquisition controversy, according to Politics Nigeria. In explaining the action, Kingsley Fanwo, the Kogi State Commissioner for Information, said: “Pursuant to the Constitutional authorities of the Kogi State House of Assembly, and upon petition by the people of... |
Dangote revives plans to open Kenyan factories26 September 2022, Published under Cement NewsWhile attending the inauguration of Kenya’s fifth President Dr William Ruto, Aliko Dangote revealed that he wants to revive plans for two new cement plants for Dangote Group in Kenya. The two cement plants would have a combined capacity of 1.5Mta. Earlier in 2017, Aliko Dangote registered two companies, Dangote Cement and Dangote Quarries Kenya Ltd, in Kenya with operations in Nairobi and Mombasa. Dangote has 90 per cent share owership in these companies with 10 per cent held by local s... |
What's driving Nigerian cement demand?02 September 2022, Published under Cement NewsBUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria. The aim is to make Nigerian cement production more sustainable and reduce the cost of the product, according to BUA Cement. But what other drivers have continued to bolster cement capacity growth in the west African country? While domestic demand has been growing rapidly and caused cement prices to spiral upward, t... |
Mira SA plans 0.7Mta plant in Cameroon26 August 2022, Published under Cement NewsMira SA will soon launch the construction of an industrial cement plant in the north region of Cameroon. The XAF120bn (US$182.9m) project see the construction of a 0.7Mta clinker production unit. The completion of this project will make Mira SA the second-largest clinker producer in the region, behind Cimencam. In October 2021, the country's Prime Minister, Joseph Ngute, launched the construction of a new Cimencam plant in Figuil. This unit added 0.5Mt of cement to the company’s annu... |
Fuel and power costs soar in Nigeria17 August 2022, Published under Cement NewsDangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel and power accounted for 41.3 per cent of the total cost of sales reported by the two cement firms over the six-month period, according to Nairametrics. Taking each company in turn, Dangote spent NGN129bn on fuel and power in the first half of 2022, up 31.3 per cent YoY, causing the cost of sales to advance by 16.8 ... |
Dangote Cement's revenue rises 17% to NGN808bn in 1H2202 August 2022, Published under Cement NewsDangote Cement reported group revenue of NGN808bn (US$1.942bn) in the 1H22, a rise of 17 per cent YoY. Group EBITDA rose by 6.3 per cent to NGN373.2bn and profit after tax fell 10.2 per cent to NGN172.1bn. Group sales volumes totalled 14.2Mt, down seven per cent. Nigerian volumes fell 5.3 per cent to 9.3Mt in the 1H22. Net debt stood at NGN423bn with a net gearing of 54.5 per cent. “Although significant increase in energy and AGO costs are impacting production, we are strengtheni... |
Dangote Cement partners with UNEP18 July 2022, Published under Cement NewsDangote Cement has formed a partnership with the United Nations Environment Programme, the National Environmental Standards and the Regulations Enforcement Agency as part of its initiatives to promote environmental sustainability. The announcement comes as the company commemorates World Environment Day 2022 at all 14 of its production plants across Nigeria and the rest of Africa, reports The Punch. According to Dr Igazeuma Okoroba, head of sustainability at Dangote Cement, "World Enviro... |