Cement News tagged under: Congo
Dangote sees revenue advance 15% YoY in 9M2201 November 2022, Published under Cement NewsDangote Cement has reported group revenue of NGN1177.3bn (US$2.68bn) in the first nine months of 2022, up 15.2 per cent YoY. Group EBITDA over the same period advanced by 0.2 per cent to NGN515.9bn, with an EBITDA margin of 43.8 per cent. Profit after tax fell 23.4 per cent YoY to NGN213.1bn, mainly due to exchange losses from the depreciation in the CFA and cede. Group sales volumes in the 9M22 came in at 20.8Mt, down 6.2 per cent YoY. “To mitigate the impact of significant increase in ... |
Dangote Cement's regional volumes fall by 11% in 1H2203 August 2022, Published under Cement NewsDangote Cement 's pan-African volumes reduced by 11 per cent to 4.9Mt from 5.5Mt in the 1H22 due to increased supply chain challenges and maintenance activities. The best-performing markets for the group were Ethiopia, Senegal and Tanzania. Ethiopia is one of the largest markets for Dangote Cement outside of Nigeria. The market remains short of supply as most plants are operating at very low capacity. Ethiopia's total market for cement was appproximately 2.7Mt in the first six mon... |
Dangote Cement clocks in with iris technology11 June 2019, Published under Cement NewsDangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangote's operations in Nigeria, Ethiopia, Senegal, Sierra Leone and Republic of Congo will use the iris-ID system. The software is contactless and simply uses the coloured part of the eye surrounding the pupil to identify staff. According to Preasanna Kumar Burri, Dangote Group chief information officer, the traditi... |
Lucky Cement charts further growth after releasing 9MFY18 results13 June 2018, Published under Cement NewsLucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 per cent (north 19.7 per cent and south 13.7 per cent) to reach 5.04Mt, as compared to 4.31Mt durin... |
Dangote Cement inaugurates plant in Rep of Congo23 November 2017, Published under Cement NewsDangote Cement will inaugurate its 1.5Mta cement plant in the Republic of Congo on Thursday. The plant is expected to create approximately 1000 jobs and will become Dangote's 10th fully-operational plant in Africa. The US$500m works produced its first bag of cement on 7 August. Unaudited 3Q results show that the new plant has almost doubled the size of the cement sector in Congo, according to Vanguard. Meanwhile, Dangote Cement saw an increase of 7.5 per cent in pan-African cement sal... |
Dangote Cement's Bouasnsa plant is almost complete03 October 2017, Published under Cement NewsThe US$300m Dangote cement grinding plant situated at Bouansa, Congo will start-up this month, Dangote Cement Plc has announced. Dangote cement's CEO, Onne van der Weijde, said: "The Congo Cement plant is now 99 per cent complete and set to commence operations." Dangote cement plant at Bouansa, Congo, expected to contribute at least 1.5Mta capacity, is a positive step steering the company towards the total yearly manufacturing capacity of about 32Mta across Africa. Dangote Cement Congo ... |
Dangote Cement's Congo plant nears completion02 June 2017, Published under Cement NewsDangote Cement Plc is close to completing its new US$300m cement grinding plant at Bouansa in the Republic of Congo and plans to commence production this month. With the project the company hopes to boost its production capacity by at least 1.5Mta and help the Nigeria-based multinational achieve its target of being a major cement exporter on the continent. The Plant Director for Congo Operations, Ganapathy Balasubramanian, stated that the Congo plant cost XAF133bn (US$300m). The new gri... |
LafargeHolcim05 January 2016, Published under Cement NewsHolcim Belgique is closing five ready-mixed concrete plants in Flanders, a move that will affect around 60 employees. The works being closed are at Furness, Ostend, Bruges, Izegem and Herentals. Lafarge Cement Zambia, which has a combined capacity of 1.4Mta from its two works, is to quadruple its exports to Congo and from Malawi. In additioin, the production should be increased by 0.1Mta from next month. The Chinese LafargeHolcim associate Huaxin Cement Company is to invest some US$150... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |
Page
1
of
1
1