Cement News tagged under: Republic of Congo

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Dangote Cement

22 May 2019, Published under Cement News

The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

Cement in the heart of Africa

28 January 2019, Published under Cement News

Following two particularly challenging years and considerable overcapacity, the cement industry in the Republic of Congo can look forward to better times. The government is set to increase investment in housing and public spending to advance the country’s infrastructure, and provide for its growing and young population.  With 1.8m people, Brazzaville is Congo’s largest city and accounted for over 100,000t of cement consumption in 2017 The economic crisis in the Republic of Congo...

Dangote reports 15% rise in 9M EBITDA

23 October 2018, Published under Cement News

Dangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery....

Dangote Cement Group's revenue up 16% in 1Q18

25 April 2018, Published under Cement News

Dangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was...

Dangote Cement

26 June 2017, Published under Cement News

Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the country’s total cement production capacity to 2.55Mta along with Cimaf (0.5Mta), Sonocc (0.25Mta) and Forspal (0.3Mta). The works will also boost Dangote’s capacity across Africa to more than 40Mta. Construction is currently underway on a new 3Mta grinding plant in Côte d'Ivoire and two new plants have been announc...

US$55m loan for new Congo cement plant

28 February 2017, Published under Cement News

The Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari department with a term of three years. The loan is payable over 25 years with a five-year grace period and at an interest rate of 1.75 per cent. Three Indian companies have already bid for the tender launched by the Indian bank. However, details about the new plant have not been disclosed.

Rep Congo: cement imports to continue

14 October 2016, Published under Cement News

Following the domestic cement industry’s plea to end imports in to the Republic of Congo, the country’s Minister of Trade and Conumption, Landry Euloge Kolélas, said that halting imports would be subject to producers being able to cover the entire national territory. “While the number of cement companies has grown, being now five, awaiting the entry of Dangote Cement and Diamond Cement, we cannot completely halt imports yet as cement companies have not shown that they are willing to cover...

Rep of Congo: mechanism sought to halt illegal imports

05 August 2016, Published under Cement News

Representatives from the domestic cement industry met with Minister of State, Minister of Economy, Gilbert Ondongo, this week to seek assistance from the Congolese government against illegal cement imports that are then sold at non-competitive prices. The country's current cement production is carried out by Société Nouvelle des Ciments du Congo (SONOCC), Forspak and CIMAF. Two new companies are also being established, including Diamond Cement in Mindouli (Pool) and Dangote Cement, Mfil...

Rep of Congo: Cimenterie de Lukala to close down

06 May 2016, Published under Cement News

Cimenterie de Lukala (CILU), located in the Republic of Congo, will be closing down due to “the unfair competition it has faced since December 2015”, according to its CEO, Ola Ora. The factory had been running at capacity utilisation rates of below 50 per cent in recent times. The country’s government had allowed conditional imports of cement into the Republic of Congo. Domestic cement demand is estimated at around 3Mt, but local production is limited to 0.5Mt.