Cement News tagged under: Dangote Cement

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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...

Dangote Cement Cameroon SA donates PPE equipment

13 May 2020, Published under Cement News

As part of its corporate social responsibility project, Dangote Cement Cameroon SA has handed over personal protection equipment (PPE) kits worth XAF100m (US$165,000) to the Cameroon’s Ministry of Public Health to support healthcare workers on the frontline in the fight against COVID-19. Speaking at the handover of the materials, Country Manager of Dangote Cement Cameroon SA, Abdullahi Baba, said, "These are important products for medical personnel. Dangote Cement is a corporate responsible...

Dangote Cement looks to raise NGN100bn from bonds

06 April 2020, Published under Cement News

Nigeria’s Dangote Cement is seeking to raise up to NGN100bn (US$257.23m) from the bond market, under its NGN300bn debt issuance programme. The funds from the company’s first offering in the bond market would be used to refinance existing short-term debt used for cement expansion projects, working capital and other corporate purposes, according to This Day.

Sino Zimbabwe Cement challenged by export competition

17 March 2020, Published under Cement News

Sino Zimbabwe Cement has been forced to restrict its business after being outcompeted in export markets by Dangote Cement. Sino Cement has faced stiff competition in the export markets of Zambia and Tanzania. Andrew Gona, Sino Zimbabwe Cement's export manager, said: "We used to export, but the growth of Dangote in the region has pushed us out on competitive grounds. They have built modern plants that are low cost right in the heart of what used to be our export market. "We can supply and s...

Sephaku Cement sees profits fall on construction activity decline

03 March 2020, Published under Cement News

Sephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. The market is expected to remain subdued, Sephaku Cement said, as reflected by the 12.7 per cent decline in building plans passed for 2019, according to Stats SA data. Sephaku Cement reported profit after tax slumped to ZAR1.3m (US$83,745) in its year to end-December, from ZAR128.7m previously. It said it had sel...