Cement News tagged under: West Africa

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Lafarge Africa posts 23% rise in revenue in 9M22

01 November 2022, Published under Cement News

Nigeria-based Lafarge Africa has seen its net income expand by 11.2 per cent YoY to NGN44.9bn (US$102.1m) in the opening nine months of 2022. This compares to NGN40.39bn in the same period a year earlier, according to The Day Live. Revenue over the same period advanced by 23.1 per cent to NGN269.85bn, versus NGN219.2bn in the 9M21. Revenue from cement sales alone came in at NGN261.4bn during the nine-month period this year, up 22.4 per cent on the same period in 2021. Sales from aggrega...

BUA Cement 's revenue rises by 41% in 9M22

31 October 2022, Published under Cement News

BUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75.7bn as at 9M21. Profit before tax increased by 19.5 per cent to NGN88.8bn from NGN74.3bn as at 9M21. 

Obajana to reopen, Kogi State Government to court

25 October 2022, Published under Cement News

An agreement has been reached between Kogi State Government and Dangote Group to reopen the Obajana cement plant in Nigeria. Minister of Police Affairs, Mohammed Dingyadi, disclosed this to State House correspondents after the National Security Council meeting presided over by President Muhammadu Buhari at the Presidential Villa in Abuja yesterday. “Government is committed to the provision of employment to its citizens rather than closing factories that will make people unemployed and...

Ghana cement prices rise again

25 October 2022, Published under Cement News

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr...

Ibeto Cement reopening could provide jobs for Igbo people

20 October 2022, Published under Cement News

While Dangote Cement 's Obajana plant has caused alarm at the manner and violence of its sudden closure, the long-term closed plant of Ibeto Cement still holds the potential for thousands of jobs for the Igbo people in the southeast. Iyke Uzukwu, a Nnewi-based analyst, wants the federal government to reopen the cement plant to release these jobs. Mr Uzukwu has called on the leadership of the Ohaneze Ndigbo group, which represents the Igbo people, to add its voice to the issue of the Ibet...

TUC calls for Obajana plant reopening

17 October 2022, Published under Cement News

The Trade Union Congress of Nigeria (TUC) has threatened the Kogi State government to unseal Dangote's Obajana Cement plant or be ready to contend its members. In a statement signed by TUC president, Festus Usifoh, said it has become expedient for congress to act, as the welfare of over 22,000 workers, their family members, thousands of contractors, wholesalers, users of the products and other stakeholders is currently at stake. The union condemned the closure of the cement plant b...

Dangote responds to plant ownership claims

13 October 2022, Published under Cement News

Dangote Industries Ltd (DIL), the parent organisation of Dangote Cement Plc (DCP), has issued a statement reiterating that it acquired the Obajana cement plant in Kogi State following due process, reports The Punch newspaper. The statement is in response to claims by the Kogi State government that Dangote could not prove it was the legal owner of the factory. The statement by DIL clarified that the plant and machinery were conceived, designed, procured, built, and paid for solely by D...

LafargeHolcim Côte d’Ivoire launch Bélier Blanc

13 October 2022, Published under Cement News

The General Management of LafargeHolcim Côte d'Ivoire proceeded on 6 October 2022 to an official launch ceremony of its latest product ‘Bélier Blanc’, the first white cement produced in west Africa. The event was held at its plant in the presence of the Deputy Director of Cabinet of the Minister of Commerce, Industry and SME Promotion, and several state authorities. LafargeHolcim Côte d’Ivoire ( Holcim ) Bélier Blanc's development required an investment of more than XOF1bn (US$1.48m)...

Dangote in crisis talks over violence at Obajana plant

12 October 2022, Published under Cement News

Aliko Dangote, president of the Dangote Group , has met with state governors to try and resolve the crisis at the cement producer’s Obajana plant. In attendance at the meeting was Yahaya Bello, governor of Kogi State, Abdullahi Sule, governor of Nasarawa State, and Ibrahim Gambari, chief of staff to the President of Nigeria. The meeting follows violence at the plant after the Kogi State Government attempted to seal the plant over concerns relating to tax evasion and legal ownership of ...

Dangote responds to Obajana plant closure

10 October 2022, Published under Cement News

Dangote Cement Plc wishes to enlighten stakeholders and the public on the recent shutdown at its Obajana Cement plant in Kogi State. Dangote Cement said, "thugs and local vigilantes from the State Government invaded and sealed the Obajana Cement plant [last Wednesday] over alleged claims of unpaid taxes and Kogi State Government purported equity interest in Dangote Cement PLC. This development led to several of our staff being harmed by these thugs and local vigilantes." Dango...