Cement News tagged under: Nigeria
Lafarge Cement Wapco shareholders see bright future, Nigeria22 May 2012, Published under Cement NewsShareholders of Lafarge Cement Wapco have said that the strategies board and management are have put place in recent times will stand the company in good stead. The National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, told local press during an investors' forum of the company, that investors were very happy with the progress the company had begun to make. "Although it is very difficult to manage the number one position, we believe they are doing... |
Dangote 1H12 profit forecast, Nigeria14 May 2012, Published under Cement NewsNigeria-based producer Dangote Cement said net income for the six months through June will probably be NGN77.5bn (US$492.5m), according to reports from Bloomberg. Revenue is forecast at NGN150.3bn, the African cement major said in a statement published on the Nigerian Stock Exchange’s website. |
Dangote plans London listing by 3Q1311 May 2012, Published under Cement NewsAliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa. |
Dangote’s first quarter and full-year advances, Nigeria10 May 2012, Published under Cement NewsDangote Cement Plc on Wednesday released its results for the first quarter and also its financial year ending December 2011 to the Nigerian Stock Exchang. The company said 1Q revenue grew by 17.6 per cent from NGN54.51bn (US345.6m) in 2011 to NGN64.11bn first quarter this year, while its revenue for full year 2011 stood at NGN235.91bn. First quarter pretax profit rose by nine per cent to stand NGN30.32bn compared to NGN27.83bn recorded in first quarter of last year, while profit before t... |
Lafarge WAPCO first-quarter rise, Nigeria09 May 2012, Published under Cement NewsLafarge WAPCO posted a turnover of NGN22.6bn (US$143.7m) in the first quarter of 2012, up from NGN14.198bn YoY, representing growth of 59 per cent above the 2011 figures. Profit after tax soared by 151 per cent from NGN1.621bn to NGN4.071bn in 2012. According to analysts at FBN Capital Ltd, the strong sales reflect a higher volume contribution from Lafarge Cement’s new Lakatabu plant, which they said had ramped up production after preliminary hitches in 4Q11. “Management had disclosed ... |
Nigeria seeks affordable cement and more home-skilled workers02 May 2012, Published under Cement NewsThe Minister of Trade and Investment, Dr Olusegun Aganga, has echoed the federal government's worry over the rising cost of cement and the importation of skilled workers for construction projects in the country. He spoke during an interactive session at the recent Lagos Economic Summit and remarked that Nigeria has moved from a country that produced 2Mt of cement in 2000 to a country that now has the installed capacity to produce 27Mt of cement. He also said that before the end of the y... |
Ampt's investment in Nigeria hits N52.6bn24 April 2012, Published under Cement NewsDallas Hampton, director of leading terminal concessionaire at the Apapa Port, APM Terminals Apapa Ltd, said the company has invested US$200m (NGN31.4bn) in its facilities in Nigeria to-date and plans to invest another US$135m (NGN 21.2bn) before the end of the year. Mr Hampton said the new investment, would cover cost of civil works on modern facilities for receiving cement and other extension projects. He said: "Our level of investment in Nigeria is very extensive. Our investment is a... |
Nigeria: Lafarge Wapco launches new products24 April 2012, Published under Cement NewsLafarge Wapco is targeting block makers and the pre-cast and concrete business with its latest cement product. Elephant Super set was revealed at the Nigeria infrastructure & Construction exhibition Seminar & Product Showcase held in Lagos, Nigeria. Rilwan Yusuf, the company’s senior marketing manager, said the firm came up with the new product, ‘Elephant Super Set,’ to meet the identifiable needs of customers in the building and construction sector. Block makers in the pre-cast and concret... |
Nigeria: cement manufacturers seek import ban23 April 2012, Published under Cement NewsNigerian cement manufacturers have called on the federal government to ban bulk cement imports before the government’s August deadline, claiming that the volume of cement currently produced in the country is enough to meet local demand. “[The] Government should enforce the ban before the August deadline,” said Mr Daljeet Ghai, Dangote Cement group chief executive. “Dangote alone has the capacity needed to meet local demand and sustain supply of the commodity across the nation,” he said. B... |
UBA in talks with Dangote for new partnership20 April 2012, Published under Cement NewsPan-African lender United Bank for Africa is in talks with Aliko Dangote for a partnership to provide banking services to his Dangote Cement group in 13 countries, its chief executive said. Phillips Oduoza told the Reuters Africa Investment Summit in Lagos on Thursday the move would leverage their overlapping presence across the continent. UBA is in all of the 14 countries in which Dangote is building cement plants, except for South Africa. "We are thinking of a strategic partnership betw... |