Cement News tagged under: Dangote Cement
Dangote Cement Group's unaudited 9M19 results see volumes rise 1.1%31 October 2019, Published under Cement NewsDangote Cement Group's unaudited results for the 9M19 to 30 September 2019 saw group volumes up 1.1 per cent to 18Mt and Nigerian sales up 0.6 per cent to 10.8Mt, driven by strong 3Q19 promotional activity. Pan-African cement volumes rose by 1.7 per cent to 7.1Mt for the 9M19. However, group revenue fell by 0.8 per cent to NGN679bn (US$1.88bn) and group EBITDA slipped by 10.1 per cent to NGN303.2bn. Joe Makoju, Group Chief Executive Officer said: "The huge success of our Bag of Good... |
Dangote Cement signs new asset management contract with GE25 October 2019, Published under Cement NewsDangote Cement has signed an agreement with General Electric (GE) to deploy an Asset Performance Management (APM) solution to reduce unplanned downtime and enhance performance of power generation assets at two cement plants in Obajana and Ibese, Nigeria. The project also includes extending the current service agreement for the seven GE LM6000PC aeroderivative gas turbines installed at the sites for an additional 50,000 operating hours. "We are proud to continue our 13-year collaboration w... |
Dangote Cameroon sees 7% sales drop08 August 2019, Published under Cement NewsDangote Cameroon has posted a 7.1 per cent drop in sales in the 1H19 when compared with the 1H18. "Our 1.5Mta clinker mill in Douala sold about 0.6Mt of cement in the first half of 2019, down 7.1 per cent from 0.64Mt sold in the first half of 2018. We estimate that our market share was 40 per cent during the period, "says Dangote. "The decrease in our sales can be attributed to persistent security concerns in the North West and Southwest regions, which resulted in a reduction in activity, ... |
Dangote Cement's group revenues slip 3% in 1H1931 July 2019, Published under Cement NewsDangote Cement Plc announced its unaudited results for 1H19 with group revenue reaching NGN467.7bn (US$1.291bn), down three per cent, and group EBITDA at NGN217.9bn, down 11.4 per cent. Nigerian EBITDA for Dangote Cement fell 11.6 per cent to NGN200.6bn and pan-African EBITDA slipped to NGN23.9bn, down 7.5 per cent. Net debt stood at NGN318.6bn. Group cement sales totalled 12.28Mt in 1H19, while domestic cement sales volumes reached 7.59Mt in 1H19. Nigerian revenues stood at NGN328.3m in... |
Dangote Cement launches Nigerian promotion to boost cement sales25 July 2019, Published under Cement NewsDangote Cement Plc has launched its 'Bag of Goodies Promo' in Nigeria to increase cement sales. The cement producer is offering scratch cards with every cement bag to give away prizes to its customers and the company is already reporting an upsurge in demand. The first big prize winner emerged in Ibadan, Oyo state, this week and was rewarded with a saloon car for his cement purchase. Dangote Cement seeks greater market share from its rivals and is looking to build brand loyalty from the exe... |
Ethiopian cement plants encouraged to turn to biomass17 July 2019, Published under Cement NewsThe Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carbon emissions. Many of Ethiopia's 17 factories import coal from South Africa at a cost of US$220m annually. The CCIIDD is working with the cement industry to replace foreign coal with local biomass. "If we can replace 40 per cent of the coal with the biomass, we can save up to US$88m per year," said Samuel Healala... |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
Dangote Cement clocks in with iris technology11 June 2019, Published under Cement NewsDangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangote's operations in Nigeria, Ethiopia, Senegal, Sierra Leone and Republic of Congo will use the iris-ID system. The software is contactless and simply uses the coloured part of the eye surrounding the pupil to identify staff. According to Preasanna Kumar Burri, Dangote Group chief information officer, the traditi... |
Dangote releases 2018 sustainability report31 May 2019, Published under Cement NewsDangote Cement Plc has published its first standalone sustainability report and has confirmed its readiness to support the Nigerian Stock Exchange (NSE) in its ambition to host a sustainable stock exchange and capital market in Nigeria. Dangote took part in the ‘Facts behind the Sustainability Report’ (FBSR), an interactive forum created by the NSE to promote environmental, social and governance performance and reporting among Nigerian companies. Joseph Makouju, group managing director of... |
Work on Dangote’s Côte d’Ivoire plant advances10 April 2019, Published under Cement NewsDangote Cement has announced the construction of its 3Mta cement works just outside Abidjan, Côte d’Ivoire is now at an advanced stage. The project has been implemented for around 70 per cent with more than 80 per cent of equipment supplied and 80 per cent in terms of construction and civil engineering, according to Camara Guy Adama, project leader. The new plant and related logistical support is expected to generate employment of 800 direct jobs. |