Cement News tagged under: Nigeria

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Nigeria: BUA Group to offer incentives to cement distributors

03 January 2017, Published under Cement News

BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that our expansion project will be completed by the end of next year or at the beginning of 2018”, said Alh...

Nigeria: BUA Group to use local coal deposits at Sokoto

29 December 2016, Published under Cement News

Cement Company of Northern Nigeria (CCNN), owned by the BUA Group, will use coal from local mines in Sokoto to generate power for its new 1.5Mta cement plant located in the north west of the country. A 40MW power plant is being constructed at the factory, which will use both coal and LPFO (Low Pour Fuel Oil), while the excess generated power will supply the national grid.

Nigeria: BUA set to complete 1.5Mta Sokoto expansion by 3Q17

22 December 2016, Published under Cement News

BUA Group subsidiary, CCNN, expects the construction of its new 1.5Mta line at the Sokoto plant to be complete before the 3Q17. Founder and Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, said the US$300m project, which began in 2013, is the first at the plant since 1986. BUA Group took over majority shareholding in 2010. Mr Rabiu also informed the Minister for Solid Minerals Development, Dr Kayode Fayemi, that the group had discovered coal in commercial quantit...

Nigeria: BUA cement 8Mta planned expansion

19 December 2016, Published under Cement News

The BUA Cement 8Mta expansion project initiated last year is expected to be completed by 2018, according to BUA Group CEO, Abdulsamad Rabiu. Mr Rabiu said the expansion will see the firm double its production capacity. Acting Managing Director of the company, Yusuf Benji, said that despite the challenging operating environment, the company would not compromise on the issue of quality of its products. “Our watchword is quality. Anybody that knows our products can attest to the high level o...

Report predicts strengthening demand for cement additives in Nigeria and South Africa

09 December 2016, Published under Cement News

A new report by market research firm Frost & Sullivan forecasts that demand for cement additives in South Africa and Nigeria will grow at an annualised rate of 71 per cent as companies look to differentiate themselves from their competitors. "The weak rand and naira are making it expensive for cement additives manufacturers to continue importing products," noted Frost & Sullivan Visionary Science Industry Analyst, Constance Nyambayo. "As cement companies look to novel, cost-effective addi...

Nigeria: UNICEM Mfamosing's second line commissioned

30 November 2016, Published under Cement News

United Cement Co of Nigeria (UNICEM) commissioned its new line at Mfamosing, Cross River State, in September 2016. Loesche has since announced its scope of supply for the project, including the LM70.4+4CS, its largest VRM built for grinding clinker. With a pre-existing 2.5Mta capacity, UNICEM contracted Loesche to extend the plant with a further two vertical roller mills. A type LM60.4 mill was installed for the grinding of raw material at a rate of 500tph and the LM70.4+4CS which is desi...

Nigeria: Ashaka Cement to delist from NSE

18 November 2016, Published under Cement News

LafargeHolcim subsidiary Ashaka Cement has said that it will voluntarily delist its shares from the Nigerian Stock Exchange (NSE) after the freely-tradable proportion fell below the 20 per cent required by the bourse’s regulations, Vanguard News reports. At present, only around 15 per cent of Ashaka stock is tradable on the NSE. Ashaka made the offer to delist to head off the possibility of the NSE taking regulatory action against it. An extraordinary general meeting will be convened t...

Nigeria: cement sector still imports 75% of its gypsum

03 November 2016, Published under Cement News

Nigerian Society of Engineers (NSE) President, Dr Ebenezer Damisa, has stressed the need for Nigeria to strengthen its mining institutions to curb illegal importation of raw materials as the country still imports 75 per cent of its gypsum required for cement production. According to Dr Damisa, “As at today about 75 per cent of the requirement of gypsum used for cement production is still imported into the country and we think that the money used to the importation, if given to local miners...

Dangote sees 21% rise in revenues, but drop in profit for 3Q16

31 October 2016, Published under Cement News

Dangote reported a revenue of NGN442bn (US$1.4bn) for the nine months ended 30 September 2016, representing a 21 per cent YoY increase from NGN365bn in 9M15. Profit after tax fell to NG133bn from NGN157.9bn in 2015, impacted by foreign exchange issues and resulting in a much higher cost of sales, up from NGN138.694bn in 9M15 to NGN231.684 in 9M16. The Managing Director of Dangote Cement, Onne Van der Weijde said the management is confident of delivering strong growth this year despite t...

Nigeria: Lafarge raided and closed for suspected for tax evasion

18 October 2016, Published under Cement News

Lafarge Cement Co Ltd in Onne and IGPES, an engineering company, in Port Harcourt, were raided by Nigerian enforcement officers from the Federal Inland Revenue Service (FIRS) on Monday for tax evasion. The leader of the FIRS team disclosed that Lafarge Cement had not paid its taxes since 2012. While the cement company's premises were sealed for failing to pay taxes of over NGN10m (US$31,695), IGPES, an engineering firm, was shut down for allegedly evading tax to the tune NGN1.2bn since 20...