Cement News tagged under: Nigeria
Nigeria: Gboko cement plant reopens11 February 2013, Published under Cement NewsThe reopening of Dangote Cement plant Gboko in Benue state on 1 February 2013 by the management came as a relief to the people of the state, especially those who earn their daily bread from the company. The factory, which was closed down last year as a result of the glut in the domestic cement market, said it will operate at half capacity for now. The decision to reopen the plant was reached immediately after a meeting between President Goodluck Jonathan and the Chairman of Dangote Cement,... |
Nigeria's Flour Mills to borrow to double cement capacity11 February 2013, Published under Cement NewsFlour Mills of Nigeria plans to borrow between US$400m-500m to construct a new cement plant which will double its existing 2.5Mta capacity, its chief finance officer said. Jacques Vauthier told Reuters the conglomerate had appointed financial advisers and banks to raise a term loan from the local market for the construction of the plant. He said the details of the loan were still being finalised. The new cement plant will be completed by 1Q16, Vauthier said. Nigeria's biggest cement firm ... |
Dangote Cement reopens Gboko plant, Nigeria04 February 2013, Published under Cement NewsDangote Cement has resumed operations at its Gboko plant in Benue State, Nigeria, due to strong demand. The company closed the plant in December because of a glut in the market caused by cheap, imported cement being sold in the area it serves. “We are reopening Gboko immediately,” Carl Franklin, the London-based head of investor relations, said in a statement. “Demand has been strong since the beginning of the year.” "Since the shutdown of the Gboko Cement Plant, the government has ... |
Dangote calls for limestone allocation to invest in Ghana22 January 2013, Published under Cement NewsDangote Cement has said it is yet to receive a limestone allocation from the government of Ghana to invest in local production. The Nigerian cement major is instead having to bag cement produced in Nigeria for distribution on the Ghanaian market. “If we get limestone today, within 24 months we will be producing,” Alhaji Tajudeen Sijuade, Vice Chairman of Dangote Cement Ghana Limited, told told press at the company’s plant in Tema terminal in Ghana where tonnes of finished cement are bagge... |
Loesche awarded new contract at Dangote’s Ibese works, Nigeria21 January 2013, Published under Cement NewsLoesche has been awarded a contract by Sinoma International Engineering Co Ltd (NCDRI) for Dangote’s Line 3+4 at its Ibese works in Nigeria. Loesche had previously delivered equipment for Ibese Lines 1+2. Five Loesche Mills will be included in the process: for the raw material grinding plant two Loesche Mill Type LM 69.6 will be installed for the grinding of cement raw material at a product range of 450tph (maximum 540tph) with a fineness of 10 per cent R DIN 0.09mm. The mill motor capacit... |
Federal government steps in to help resolve oversupply dispute, Nigeria07 January 2013, Published under Cement NewsNigeria’s Federal Ministry of Trade and Investment has stepped in to mediate in a dispute over a supply surplus being created in the local industry. Last week, a statement by Dangote Cement's head of corporate communications Anthony Chiejina said that Dangote and Lafarge WAPCO Cement were worried about Ibeto Cement Company continuing to import cement into Nigeria, despite the capacity of local manufacturers to meet demand. The oversupply has led to the closure of the Gboko plant run by Da... |
Dangote slams Ibeto for Nigeria surplus24 December 2012, Published under Cement NewsA spat has broken out between Nigeria’s leading domestic producer, Dangote Cement, and Ibeto Cement Company, the country’s sole cement importer. Dangote Group spokesman, Anthony Chiejina, Group Head, Corporate Communications, blamed a surplus of supply on the continued importation of subsidised cement into the country. According to Chiejina, Dangote Group’s Gboko cement plant was shut because of a flood of imported cement, adding that staff had to be put on forced leave, pending when t... |
Nigeria: Dangote closes cement plant07 December 2012, Published under Cement NewsThe management of Dangote Cement Plc has finalised arrangements to temporarily close down its 4Mta Gboko Plant as a result of competition and excess cement in the market, according to Guradian News. The Group Head, Corporate Communication, Dangote Group, Anthony Chiejina who confirmed this in Lagos, said the move was necessitated by the glut in the market arising from the success currently being recorded with the exponential increase in local production of cement and further compounded by ... |
Dangote orders 500 heavy-duty trucks from Beiqi Foton21 November 2012, Published under Cement NewsNigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers. |
Dangote Cement sees 22% rise in 2012 pretax profit, Nigeria08 November 2012, Published under Cement NewsNigeria-based cement producer Dangote Cement said it expects pretax profit to reach NGN143bn (US$910m) for full year 2012 on strong demand, a rise of 22 per cent compared to the NGN118bn achieved last year. The company said forecasts were based on the 2.6Mt of cement it sold in the last quarter of the year and on improved gas supply. The company will spend around NGN110bn in capital expenditure this year. "Nigeria has a low per capita consumption ... so we believe there is a huge pent u... |