Cement News tagged under: Nigeria

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FLSmidth wins large O&M contract from Dangote Cement in Nigeria

05 November 2013, Published under Cement News

FLSmidth and its affiliated companies have signed a number of contracts with Dangote Cement PLC for operation and maintenance of certain production lines at their cement plants in Nigeria for a period of five years. The value of the contracts is undisclosed. FLSmidth has had a business history with Dangote Cement PLC which includes the supply of two of the four production lines at Dangote Cement PLC's plant at Obajana, Kogi State, Nigeria.   The contracts, which together constitute the la...

Ashaka Cement pretax profit down 58.87%, Nigeria

01 November 2013, Published under Cement News

Ashaka Cement pretax profit fell to NGN2.16bn (US$13.6m) in the first nine months of 2013, down 58.87 per cent from NGN5.27bn a year ago. Turnover for the Nigeria-based producer rose to NGN16.83bn during the nine months to 30 September, from NGN16.46bn in the same period of last year. Ashaka Cement, in which Lafarge holds a 59 per cent interest, having increased this from 50 per cent in 2012, is located in the northeastern Nigerian state of Gombe.

Dangote nine-month pretax profit rises 42.5%

31 October 2013, Published under Cement News

Dangote Cement said its pretax profit for the first nine months of 2013 rose 42.5 per cent to NGN151.72bn (US$952m), compared with NGN93bn in the same period last year. Revenue for the period also rose to NGN288.98bn, compared with NGN224.49bn in the same period of 2012.

Lafarge WAPCO reports 26% rise in pretax profit

30 October 2013, Published under Cement News

Lafarge WAPCO Cement Nigeria has recorded an increase in pretax profits of 26 per cent for the nine months to the end of September. The company reported pretax profits of NGN20.66bn (US$130m) and revenues of NGN74.27bn, up from NGN69.84bn compared to the same period of 2012. Third quarter sales rose six per cent to NGN24.8bn and pretax profit was up 65 per cent YoY at NGN6.9bn thanks to improved gross margin at 39.9 per cent. In 3Q12 the company undertook maintenance activities for aroun...

Dangote plans to enter Niger market

18 October 2013, Published under Cement News

Dangote Cement plans to spend US$350m to build a new cement in Niger as part of the its African expansion drive. Speaking to press following a meeting with Niger President Issoufou Mahamadou on Wednesday, Aliko Dangote, stated:  "I announced to the head of state my intention to build a cement plant worth US$350m which will produce 1.5Mta." "The realisation of this project will create 6000 to 7000 jobs," he added. He said the plant would produce its own electricity with an anticipated sur...

Sinoma wins new contract in Nigeria

17 October 2013, Published under Cement News

Sinoma International announced that its wholly-owned subsidiary Sinoma Construction signed a US$276.9m general contract with United Cement Company of Nigeria for a new 6250tpd line. The project is located in Calabar, Nigeria. Sinoma Construction will be responsible for equipment and steel structure supply, design, installation, civil construction, commissioning, training, etc in the whole process from mine crushing to cement shipping. The project is divided into two phases: grinding mill ...

Lafarge Cement WAPCO appoints new country CEO, Nigeria & Benin Republic

09 October 2013, Published under Cement News

Lafarge Cement WAPCO announced the appointment of Guillaume Roux as the new Country CEO, Nigeria and Benin Republic, effective September 2013. He succeeds Jean-Christophe Barbant who has moved on to another responsibility within the Lafarge Group, after over four successful years in Nigeria. Also an executive Vice President in Lafarge Group, Mr Roux, who holds joint French and American nationality is a graduate of the Institut d'Etudes Politiques in Paris. He joined the Lafarge Group in 19...

Nigeria: CCNN requires NGN45bn for new line

23 August 2013, Published under Cement News

A new 1Mta clinker line together with a coal grinding mill and accessories is likely to cost Cement Company of Northern Nigeria (CCNN) around NGN45bn (US$278m). CCNN intends to add the new kiln line, which will produce its Sokoto brand of cement, to meet rising demand in Nigeria. Demand rose to 18.3Mt last year and since 2005, the cement industry nearly doubled its capacity, according to local newspaper Business Day. The Nigerian market is continuing to grow and producers are still play...

Ashaka Cement appoints two new directors, Nigeria

09 August 2013, Published under Cement News

Nigeria-based producer Ashaka Cement has announced the appointment of two new directors, the company said in a statement to the Nigerian Stock Exchange. The two new members are Lamido Abba Turkur and HRH Alhaji Abubakar Muhammad Kwairanga (Emir of Funakaye). Ashaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the six months to June 30, compared to NGN12.26bn in the same p...

Ashaka Cement first-half pretax profit falls 54.4%, Nigeria

02 August 2013, Published under Cement News

Ashaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the six months to June 30, compared to NGN12.26bn in the same period of last year. Askaka Cement, in which Lafarge holds a 59 per cent interest having increased this from 50 per cent last year. Is located in the northeastern state of Gombe. The firm owns a plant with a capacity of 0.85Mta and has initiated a programme to ...