Cement News tagged under: Dangote Cement

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Dangote Cement pretax profit advances, Nigeria

05 April 2012, Published under Cement News

Dangote Cement said its pre-tax profit rose to NGN118.28bn (US$750.70m) in 2011, compared with NGN117.84bn in the previous year. Nigeria's biggest capitalised company proposed a 1.25 naira per share dividend, plus one bonus share for each 10 held. Turnover rose marginally to NGN235.91bn, compared with NGN235.70bn in the previous year, the company results said.

Dangote to list on London Stock Exchange – report

02 April 2012, Published under Cement News

Nigeria-based cement producer Dangote Cement has mandated JP Morgan and Morgan Stanley to handle its London listing, according to a report in the Financial Times. Dangote Cement intends to float its stock on the London Stock Exchange in 2013 hoping to have made significant progress in its business expansion by next year, the paper reported. Dangote eyes a free float of 20 per cent and plans to use the proceeds to fund its swift business growth. The FT also cited Dangote Cement’s cha...

Dangote Cement to invest in Liberia

20 March 2012, Published under Cement News

Dangote cement is planning to invest over US$35m in the west African country of Liberia through its Dangote Cement Liberia subsidiary, Aliko Dangote, group president and CEO, signed a memorandum of understanding with the Liberia government at the head office of the National Port Authority on Friday. The Dangote Group has previously outlined plans to build a 0.5Mta import terminal in Monrovia which is the main commercial port facility in the country. Signing on behalf of the Liberian...

Dangote’s Zambia cement plant on schedule

19 March 2012, Published under Cement News

Construction of Dangote Cement’s new US$365m cement plant in Masaiti District is progressing well and on schedule, logistics manager Kampewa Nundwe told the Times of Zambia. The new plant, with a capacity of 1.5Mta is situated on the Copperbelt and is scheduled for completion in the second half of 2014. Mr Nundwe said the Chinese contractor has completed clearing the site and more equipment from Germany was expected to arrive in the country shortly. “We are expecting more equipment w...

Land dispute halts Dangote’s Cameroon plant construction

15 March 2012, Published under Cement News

Land protests have halted construction work on Dangote’s new cement plant in Cameroon, according to reports from the Cameroon Tribune. Despite having reached an agreement in September by Dangote and the Cameroon government, a dispute about a 2000m2 piece of land acquired by the government through a 30-year lease, and sitting close to the Ngondo Annual Cultural site and the Douala Ports Authority complex, has been continuing for the past two weeks. According to reports, the stoppage aim...

Dangote to begin Phase 2 of Ibese plant, Nigeria

01 March 2012, Published under Cement News

Dangote Group said it is set to commence the construction of the second phase of the 6Mta cement plant which forms part of the company's plan to become a major force in cement production through a number of projects across Africa. In a statement by the company published in the Vanguard, Alhaji Aliko Dangote, President/CEO, said:  “In a few weeks from here, we will start the construction of another 6Mta, which will take Ibese to 12Mta when completed. The new facility will be located 5km fro...

Dangote Cement – Africa market expansion

20 February 2012, Published under Cement News

Dangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa...

Zambia: US$500m Dangote Cement works on course

15 February 2012, Published under Cement News

Construction work on the US$500m Dangote Cement plant in Masaiti district, Zambia, is progressing well and will be completed on schedule, according to Kampew Nundwe, Dangote’s logistics manager. In an interview from Lusaka at the weekend, Mr Nundwe said construction works were on course and the plant was set for completion in the next 27 months. The plant's cement capacity will be 1.5Mta and this should be achieved by 2013 when optimum operations will be established. Dangote Cement s...

Nigeria: Dangote Cement asks Federal Government to spend more on infrastructure

15 February 2012, Published under Cement News

This week, Dangote Cement opened its new 6Mta Ibese cement plant and it is possible that before the end of this year Nigeria’s cement production might exceed local cement demand. Therefore, Dangote Cement has urged Nigeria’s government to invest more on infrastructure to enable it to absorb the anticipated increase in cement production. Mr Joseph Makoju, the Special Assistant to Alhaji Aliko Dangote on cement, made the call in an interview with the News Agency of Nigeria (NAN).??"With a...

Sinoma completes biggest cement factory in sub-Saharan Africa

13 February 2012, Published under Cement News

Sinoma has completed a 6Mta cement plant in Nigeria for Dangote Cement Group. The US$1.6bn plant was formally unveiled on Thursday evening by Nigerian President Goodluck Jonathan at Ibese in southwest Nigeria's Ogun State. Aliko Dangote, chairman of the Dangote Group, said the new plant would generate 7000 direct jobs and many indirect jobs, noting that the Ibese plant is the biggest cement factory in sub-Saharan Africa. "With the commissioning and full operation of the plant, Nigeria wi...