Cement News tagged under: Dangote Cement

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Dangote Cement PLC offers transparency for 2019 Annual and Sustainability Report

24 September 2020, Published under Cement News

Dangote Cement offered transparency of the facts behind the figures of its combined Annual and Sustainability Report of 2019 in a webinar. The report was presented online yesterday to the capital market stakeholders.  Michel Puchercos, Dangote Cement’s general managing director, said: "We continue our efforts on sustainability and governance with our seven sustainability pillars – 'The Dangote Way'.  The seven pillars – cultural, economic, institutional, financial, environmental, operatio...

Dangote to test US$90 power plant for Mtwara cement factory

11 August 2020, Published under Cement News

Dangote Cement will test run a new US$90m gas-fired power plant in Mtwara, Tanzania, later this month. The plant has been delayed with the outbreak of COVID-19, but it will supply the Mtwara cement plant and reduce Dangote Cement's reliance on coal imports. The new power plant is due to be fully commissioned in November. The Mtwara plant has not operated at full capacity during 2020, but the new power plant should help energy efficiencies. "We have had mechanical failures of some main equ...

Nigeria in focus

07 August 2020, Published under Cement News

Nigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financial constraints arising from COVID-19 and general apathy for cement demand. Nigeria has been at the head of the queue to see African cement demand recovering with BUA Cement and Dangote cement reporting an upturn in 1H20 sales, while exports have begun for Dangote. BUA Cement's 1H20 results saw a robust 12.7 per cent ...

1H20 results show regional impact of coronavirus on cement demand

31 July 2020, Published under Cement News

This week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April...

Dangote's 1H20 results see 2% revenue growth

27 July 2020, Published under Cement News

Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said:  "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ...

Dangote Cameroon appoints new MD

23 July 2020, Published under Cement News

Dangote Cement Cameroon appointed Bertrand Thaïs Mbouck as new managing director, succeeding Abdullahi Baba. In addition to postings within the group, Mr Mbouck has also served as investment adviser at Cemac since January 2018 and held posts at Senegal-based SUWA between 2012-15.

Dangote Cement starts Senegal exports and sets new target

15 June 2020, Published under Cement News

Nigeria’s Dangote Cement exported its first shipment of clinker to Senegal during the weekend. The 27,800t shipment set off from the company’s terminal in Apapa Port, Lagos. "This vessel, being the maiden ship is exporting 27,800t to Senegal and this is just a tip of the iceberg as to what we have in plan. What we have in plan is to send clinker from Nigeria to Côte d'Ivoire, Cameroon and Ghana," said Alhaji Sada Ladan-Baki, group executive director. Mr Ladan-Baki also noted that the com...

FLSmidth wins kiln alignment order from Dangote Cement

03 June 2020, Published under Cement News

FLSmidth has entered into a frame agreement with the African conglomerate Dangote Industries to provide hot kiln alignment services to 16 Dangote kilns located in Africa. The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, the Republic of Congo, South Africa and Nigeria. Nigeria is the largest market covered in the agreement, with three locations comprised of 10 lines. The Hot Kiln Alignment Service agreement is bas...

Dangote Cement sees sales slow in 1Q20

29 May 2020, Published under Cement News

This week Dangote Group reported its 1Q20 results, which saw group sales volumes decline by 0.6 per cent with the onset of the coronavirus in March. ICR now looks deeper at the regional breakdown of the company’s results. The domestic Nigerian market saw temporary restrictions imposed only in the last week of for the COVID-19 outbreak and therefore,  cement volumes were not much affected in the 1Q20.  However, sales volumes in April were trending lower. Still, Dangote estimates consumption ...

Dangote Cement sees 2% advance in 1Q EBITDA

26 May 2020, Published under Cement News

Dangote Cement Plc reported a 3.8 per cent YoY increase in group revenue to NGN249.2bn (US$638.2m) for the first quarter of 2020 in its unaudited results for the three months ended 31 March 2020. Group EBITDA edged up 2.2 per cent to NGN114.2bn with an EBITDA margin of 45.8 per cent during this period. Pan-African EBITDA surged 23.4 per cent YoY to NGN14.6bn in the 1Q20, reflecting a 20.9 per cent margin. Profit before tax advanced 11.5 per cent YoY to NGN88.1bn. The company’s net debt stood...