Cement News tagged under: Nigeria
Dangote Cement26 September 2018, Published under Cement NewsDangote Cement has welcomed Brice Houeto as its new country director in Ghana. He succeeds Tor Nygard who has retired after two and a half years at the helm. Mr Houeto joins Dangote from Lafarge Cement Guinea where he was country managing director. According to the new country director, his focus will be on increasing Dangote Cement’s market share in Ghana, investing in expanding its operations and introducing new services. “The supply chain market requires the need for product research a... |
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... |
BUA Group plans new Ebonyi plant07 September 2018, Published under Cement NewsNigeria's BUA Group Ltd has announced plans to set up a plant in Okpoto, Ebonyi State. The company plans to use the large deposits of limestone and coal in the state and surrounding area to power and supply the facility. Alongside the demand for cement in the state, the facility is also expected to serve the southeastern market of the country. "We want to set up a cement plant here so that the south-eastern markets will benefit," said Kabiru Rabiu, CEO. David Umahi, governor of Ebonyi, n... |
Lafarge Africa Plc orders Loesche coal mill03 September 2018, Published under Cement NewsLafarge Africa Plc (LafargeHolcim) is erecting a new Loesche coal mill at its Ewekoro cement plant in Nigeria. The new mill will grind local lignite and petcoke. The mill has a grinding capacity of 23tph at 23 per cent R90μm for coal and 16tph at three per cent R90μm. The scope of services include engineering, core mill components and the classifier with central feed, rotary gate and the mill gearbox with a nominal power of 450kW. |
Two Nigerian producers to raise capital funding of NGN250bn31 August 2018, Published under Cement NewsNigerian cement producers Dangote Cement Plc and Lafarge Africa Cement Plc have launched new capital raisers which are scheduled to conclude in 4Q18. Dangote Cement is raising NGN150bn (US$413.8m) in debt capital and has already obtained NGN50bn of this new debt capital. According to the company, the net proceeds will be used to finance capital expenditure, working capital and corporate purposes. Meanwhile, Lafarge Africa's shareholders have approved a resolution to raise more than NGN... |
CCNN appoints new managing director15 August 2018, Published under Cement NewsCement Company of Northern Nigeria has named Yusuf Binji as its new managing director, with effect from 1 September 2018. He succeeds Ibrahim Aminu who joins the larger BUA group as an executive director. Mr Binji is currently managing director of Obu Cement Co, a subsidiary of BUA Cement in Okpella, Edo state, Nigeria – a position he has heard since February 2017. “As managing director at BUA Obu Cement, he was responsible for overseeing extensive growth in production volumes and sales, ... |
CCNN appoints new independent directors01 August 2018, Published under Cement NewsThe Cement Co of Northern Nigeria (CCNN) has announced the appointment of Senator Khairat Abdulrazaq-Gwadabe and Shehu Abubakar as independent directors of the company. Effective from 12 July, the appointment also includes Abbas Ahmad Gandi as a non-executive director. Abdul Samad Rabiu, chairman of the CCNN board of directors, has reportedly stated that the installation of new board members is in line with the company’s commitment to the best corporate governance practices, according to T... |
Nigeria’s CCNN sees profit after tax more than double30 July 2018, Published under Cement NewsThe Cement Co of Northern Nigeria (CCNN) reported a revenue of NGN19.588bn (US$54.2m) in 2017, representing a 31.6 per cent rise when compared with revenues of NGN14.088bn of the previous year. CEO of the BUA Group, CCNN’s parent company, Abdul Samad Rabiu, attributed the rise to improved cement prices and efficient cost management. Gross profit in 2017 reached NGN7.605bn, nearly double the NGN3.936bn recorded in 2016. Profit after tax increased from NGN1.254bn in 2016 to 3.224bn one ... |
Dangote Cement 1H18 revenues of NGN482.4bn23 July 2018, Published under Cement NewsDangote Cement Group reported 1H18 unaudited revenues of NGN482.4bn (US$1.33bn), up 16.9 per cent and group EBITDA up 20.8 per cent at NGN246bn. Joe Makoju, group CEO, commented on the company's 1H18 results: "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues rose by more than 18 per cent. Pan-African operations saw a slight fall in volumes but both revenues and EBITDA increased b... |
Nigeria's cement market shows no let-up23 July 2018, Published under Cement NewsNigeria is pushing its production full-throttle as cement demand begins to race ahead. Dangote Cement is revelling in high 1H18 sales volumes and competing cement companies are building new capacities to increase their market share. "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues by more than 18 per cent," said Joe Makoju, Dangote's Group CEO. Dangote Cement's total sales... |