Cement News tagged under: Dangote Cement

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Aumund wins Sinoma orders in Nigeria and Senegal

17 January 2019, Published under Cement News

Aumund Group has received several new orders from Sinoma Nanjing NDI for cement plants in Nigeria and Senegal, while Schade Lagertechnik, part of the Aumund group, has received an order for several pieces of equipment for two Dangote Cement projects in Nigeria. For each of Dangote's two 6000tpd plants, Obajana Line 5 and Okpella, Aumund will supply three belt bucket elevators with a capacity of 660tph to convey raw meal, and to feed raw meal to the preheater towers at 520tph. Three furthe...

Aliko Dangote has targeted Kenyan producer believed to be ARM

09 November 2018, Published under Cement News

Dangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol...

Dangote reports 15% rise in 9M EBITDA

23 October 2018, Published under Cement News

Dangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery....

Dangote starts work on Niger plant

18 October 2018, Published under Cement News

Dangote starts work on the construction of a XOF180bn (US$315.8m) cement plant in Keita, Niger, according to the country’s national TV organisation. The new works will also included a 100MW coal-fired power plant. Dangote Cement Niger was granted approval to carry out research on “coal and related substances” on four permits in the region of Agadez (north) and Tahoua. The new cement facility is scheduled for delivery at the end of 2020 and will have a capacity of 2.5Mta. It is expecte...

Dangote acquisition trail could strengthen group's African network

12 October 2018, Published under Cement News

Dangote Cement's Chairman and CEO, Aliko Dangote, caught our attention this week with his announcement that Dangote Cement will begin preparations for the company's London public listing in 2019 , probably after Nigeria's general elections. Dangote Cement has previously considered an Initial Public Offering (IPO) in London, taking steps in this direction as far back as in 2010 . While the company has been one of the fastest-growing cement producers in Africa, this latest development sign...

Dangote to push ahead with London IPO

10 October 2018, Published under Cement News

Dangote Cement Chairman and CEO, Aliko Dangote, says Bank of America Merrill Lynch and Standard Chartered Bank could be among the banks to organise Dangote Cement’s London public listing in 2019. Speaking at the Financial Times Africa summit, Dangote added the listing would go ahead in 2019 after the Nigerian elections, but he could not provide a date. Edwin Devakumar, group executive director at Dangote Industries Ltd, said in an interview in Lagos earlier this year: “We are working on ...

Two Nigerian producers to raise capital funding of NGN250bn

31 August 2018, Published under Cement News

Nigerian cement producers Dangote Cement Plc and Lafarge Africa Cement Plc have launched new capital raisers which are scheduled to conclude in 4Q18. Dangote Cement is raising NGN150bn (US$413.8m) in debt capital and has already obtained NGN50bn of this new debt capital. According to the company, the net proceeds will be used to finance capital expenditure, working capital and corporate purposes. Meanwhile, Lafarge Africa's shareholders have approved a resolution to raise more than NGN...

Dangote doubles output at its Tanzanian factory

21 August 2018, Published under Cement News

Dangote Cement has doubled its cement production in Dar es Salaam in response to Tanzania's cement shortage, which has resulted in higher cement prices. Routine maintenance at some factories has meant lower production and retail cement prices have risen from TZS12,000 (US$5.25) per 50kg bag to TZS22,000 (US$9.63) in recent weeks, reports The Citizen. Dangote Cement's Country Manager, Mr Jagat Rathee said the company has increased its output from 2500tpd to 5000tpd of cement. "We were s...

Dangote Cement 1H18 revenues of NGN482.4bn

23 July 2018, Published under Cement News

Dangote Cement Group reported 1H18 unaudited revenues of NGN482.4bn (US$1.33bn), up 16.9 per cent and group EBITDA up 20.8 per cent at NGN246bn. Joe Makoju, group CEO, commented on the company's 1H18 results: "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues rose by more than 18 per cent. Pan-African operations saw a slight fall in volumes but both revenues and EBITDA increased b...

Nigeria's cement market shows no let-up

23 July 2018, Published under Cement News

Nigeria is pushing its production full-throttle as cement demand begins to race ahead. Dangote Cement is revelling in high 1H18 sales volumes and competing cement companies are building new capacities to increase their market share. "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues by more than 18 per cent," said Joe Makoju, Dangote's Group CEO. Dangote Cement's total sales...