Cement News tagged under: Dangote
Dangote acquisition trail could strengthen group's African network15 October 2018, Published under Cement NewsDangote 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 launches Blocmaster Cement19 September 2018, Published under Cement NewsDangote has unveiled its new BlocMaster Cement, describing it as extra strong and ideal for block moulding in Nigeria. According to Joe Makoju, group managing director at Dangote Cement, the new product is the result of years of deep research, adding that it had been tested and approved by builders throughout Nigeria. Strong and affordable, BlocMaster is also rapid setting making it particularly useful during the rainy season. “This is a new era. This is a new quality. This is a product of r... |
Dangote sells 0.332Mt of cement in Cameroon in 1Q1815 June 2018, Published under Cement NewsDangote has sold 0.332Mt of cement from its 1.5Mta cement plant in Douala, Cameroon, in the first quarter of 2018 according to the Nigeria-based cement producer. The company attributes its sales to increased brand awareness, additional sales outlets and improved marketing strategies. Dangote Cement estimates its 1Q market share at 44 per cent, slightly up when compared with the 1Q17. Total cement demand in Cameroon stood at 0.76Mt in 1Q18, according to the company. Infrastructure proje... |
Investors urged to finance Dangote and Lafarge Africa growth04 June 2018, Published under Cement NewsFollowing last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of cement supply, Dangote Cement and Lafarge Africa are urging foreign investors to get onboard. The budget is the nation's biggest-yet spending plan, says Bloomberg, with almost a third of it going into roads, rail, ports and power. Furthermore, with a major housing gap of 17m, which is expected to increase in line... |
A strong domestic market drives Dangote's 1Q18 results30 April 2018, Published under Cement NewsThis week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have been particularly strong rising by 5.3 per cent to 3.97Mt, while exports from the company’s homeland have risen to 211,000t in 1Q18 with Togo, Niger and Ghana the main export destinations. Pan-African sales increased 4.4 per cent YoY to 2.24Mt. "The first quarter of 2018 has started strongly with substantial incre... |
Dangote market share in Cameroon now exceeds 45%07 November 2017, Published under Cement NewsThe Cameroon subsidiary of Nigeria’s Dangote Cement Group (Nigeria) has captured a 45 per cent share of the local market only two years after launching activities in the country, according to a report in Journal du Cameroun. “We can say that we are above 45 per cent”, said Mr Diekam, the commercial director of Dangote Cement Cameroon. This has been achieved in spite of a competitive market place that features four multinationals including CIMENCAM, a subsidiary of LafargeHolcim (Switzerland... |
Cameroon cement plants produce 2.6Mt in 201601 March 2017, Published under Cement NewsCameroon’s cement producers – Cimencam, Dangote, Cimaf and Necsen – have produced a combined output of 2.6Mt of cement in 2016, according to Camerpost. Total installed cement capacity in the country is 4.2Mta following the commissioning of three new cement plants in 2015-16. Cimencam operates a 1.6Mta works at Figuil and delivered 0.9Mt of cement to the domestic market. Dangote Cement Cameroon opened its 1.5Mta unit on the banks of the river Wouri. The company said it had acquired a “50.1... |
Nigeria: Dangote exports 0.4Mt in 201601 March 2017, Published under Cement NewsFollowing a continuous increase in its production capacity, Dangote Cement marked the end of Nigeria’s dependence on imported product by exporting 0.4Mt in 2016. In its 2016 audited results presented yesterday, Dangote Cement noted that in total it had sold 8.6Mt of cement outside Nigeria, a 54 per cent increase on 2015. The export is significant given that the nation used to be a net importer of cement. In 2011 Nigeria was one of the world’s largest importers of cement, buying 5.1Mt o... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Dangote Group to spend US$20bn on investments by 202009 November 2016, Published under Cement NewsDangote Group is planning to invest over US$20bn (NGN630.5bn) and engage over 200,000 additional workers in various projects to impact the Nigerian and African economy by 2020. While most of its output comes from four plants in Nigeria, Dangote Group Executive Director, Mansur Ahmed, said there were several other cement works in various other African countries. "We have grown in terms of volume and geographical space. It is our intention to continue to grow. Our expectation is that by ... |