Cement News tagged under: Nigeria
Dangote Cement29 March 2016, Published under Cement NewsDangote Cement has reported a 14 per cent rise in profit in 2015, up from NGN159.5bn (US$801m) in 2014 to NGN181.32bn (US$910m), driven by new plants and price reductions. The last two years have seen the company open six new facilities across Africa, all of which have performed well, increasing sales volumes by 35 per cent as well as gaining valuable market share. September 2015 saw Dangote implement a price cut in its home market of Nigeria to boost consumption and compete with imports... |
Dangote Cement full-year boosted by new African plants02 March 2016, Published under Cement NewsDangote Cement posted a 25.6 per cent rise in 2015 revenues to NGN491.7bn (US$2.47bn) as new plants performed strongly across Africa, the company reported yesterday. New production facilities opened by the group in Senegal, Cameroon, Ethiopia and Zambia made their first contributions to the business in 2015 and as a result, volumes rose by 35 per cent to 18.9Mt. “New factories performed very successfully across Africa, gaining significant market share against long-established incumbents,” ... |
Estanda supplies LafargeHolcim plant in Nigeria01 December 2015, Published under Cement NewsEstanda has supplied a LafargeHolcim cement plant in Nigeria with new designs for more efficient dip tubes, the Spanish equipment supplier said in a statement. The project, which was for the supply of the dip tubes and supervision during their assembly, included an initial stage of total component redesign and modifying dimensions and materials used by the client to adapt to the technical recommendations provided by Estanda. The proposed solution will prevent wear and low-durability issue... |
Dangote Cement28 October 2015, Published under Cement NewsDangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, while profit before tax expanded by 8.4 per cent to NGN166.9bn, up from NGN154bn in 9M14. Earlier this month Dangote Industries announced plans to build 18 new cement plants across Africa and Asia. According to the company, the move hopes to transform Africa into an export continent rather than depending on imports... |
Dangote Cement 9M15: new operations help offset weaker domestic demand27 October 2015, Published under Cement NewsDangote Cement said nine-month profit gained 12 per cent as its new operations across the African continent helped offset weaker demand in its home market of Nigeria. Net income was NGN158bn (US$794m) in the nine months through September, compared with NGN141bn a year earlier, the company said in a statement on Monday. Sales rose 18 per cent to NGN366bn. Lower oil prices and a weaker currency were among factors weighing on the Nigerian business, where sales declined 0.7 per cent. “Our n... |
Lafarge Africa Plc profit slips 6.5%27 October 2015, Published under Cement NewsLafarge Africa Plc has reported a profit after tax of NGN29bn (US$145.7m) for the nine months ended 31 September 2015, compared with NGN31bn recorded in the corresponding of 2014. The company said Nigerian unit Ashaka Cement's numbers were affected by the unrest during the start of the year, explaining that Ashaka has since returned to normal operations. It added that industrial performance was strong, with stable plant operations across the board. The South African business continues to b... |
Sinoma International Engineering's new Nigerian contract22 October 2015, Published under Cement NewsSinoma International Engineering Co Ltd has recently entered into an engineering, procurement and construction contract for a 6000tpd clinker cement production line and a power plant with Ibeto Cement Co Ltd in Nigeria, worth US$386m. This project is located in Enugu area of Nigeria. The contract covers the whole process from exploitation of limestone mines and crushing of raw materials to packing and delivery of cement, together with a 45MW self-generation power plant, including engineerin... |
Lafarge Nigeria unit takes control of UNICEM06 October 2015, Published under Cement NewsAn affiliate of Lafarge Africa has completed a 100 per cent acquisition of Nigeria's third-largest cement manufacturer, United Cement Company of Nigeria (UNICEM). Lafarge said its affiliate Nigerian Cement Holdings (NCH), owned a 70 per cent equity in UNICEM before agreeing a deal last November to buy the remaining 30 per cent stake from Flour Mills, Reuters reported. Unicem, which is based at Mfamosing, close to Calabar, southeastern Nigeria. Unicem is building a 2.5Mta line which will br... |
Dangote Cement appoints two regional CEOs01 October 2015, Published under Cement NewsDangote Cement has appointed two new Regional Chief Executive Officers (RCEOs) to lead its Nigeria and West and Central Africa divisions. Arvind Pathak has been named the new RCEO of Nigeria while Vivek Chawla is the new RCEO for West and Central Africa. Mr Chawla has over 30 years of experience in the cement industry working across functions including management, operations, sales & marketing, projects and commercial. Prior to his appointment at Dangote Cement Plc which became effective ... |
Nigeria: BUA Cement signs US$600m expansion deal with Sinoma07 September 2015, Published under Cement NewsBUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant. The plant currently produces 3.5Mta, but by the end of 2017 capacity will rise to 7Mta. BUA's executive chairman, Abdulsamad Rabiu, said at the signing ceremony, “BUA has less than 10 per cent of market share now, after expansion we should go to about 20 per cent.” The Nigerian cement market is currently controlled by Dangote Cement, which has a 70... |