Chinese sign US$733m cement deals in Nigeria and Myanmar
Sinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively.
Nigeria
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Nigeria: Dangote investment drive not only in cement
Dangote Group, plans to invest about US$16bn in cement, petrochemicals and agriculture over the next four years.
UniCem launches new high-strength product to market
The United Cement Company of (UNICEM) Nigeria launched its new high-strength cement into the market. According to Vipul Agrawal, the company’s marketing and technical assistance...
Lafarge to sell excess electricity to Nigeria
Lafarge Cement WAPCO Nigeria Plc plans to sell about 40MW of excess electricity. The company uses only 40-50MW of the 90MW generated by its local power plant, Michael Awanayah, ...
Nigeria: Dangote Cement Plc gross revenue soars
In the 1H13 Dangote Cement Plc's gross revenues grew by 29 per cent to NGN288.9bn (US$1.8bn) for the 3Q13, from NGN224.5bn recorded in the corresponding period 3Q12.
Dangote 3Q revenue rises on strong domestic demand
Dangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria.
FLSmidth wins large O&M contract from Dangote Cement in Nigeria
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 ...
Ashaka Cement pretax profit down 58.87%, Nigeria
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...
Dangote nine-month pretax profit rises 42.5%
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 ...
Lafarge WAPCO reports 26% rise in pretax profit
Lafarge WAPCO Cement Nigeria has recorded an increase in pretax profits of 26 per cent for the nine months to the end of September.