Cement News tagged under: Dangote Cement
Dangote Cement launches Nigerian promotion to boost cement sales25 July 2019, Published under Cement NewsDangote Cement Plc has launched its 'Bag of Goodies Promo' in Nigeria to increase cement sales. The cement producer is offering scratch cards with every cement bag to give away prizes to its customers and the company is already reporting an upsurge in demand. The first big prize winner emerged in Ibadan, Oyo state, this week and was rewarded with a saloon car for his cement purchase. Dangote Cement seeks greater market share from its rivals and is looking to build brand loyalty from the exe... |
Ethiopian cement plants encouraged to turn to biomass17 July 2019, Published under Cement NewsThe Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carbon emissions. Many of Ethiopia's 17 factories import coal from South Africa at a cost of US$220m annually. The CCIIDD is working with the cement industry to replace foreign coal with local biomass. "If we can replace 40 per cent of the coal with the biomass, we can save up to US$88m per year," said Samuel Healala... |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
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... |
Dangote releases 2018 sustainability report31 May 2019, Published under Cement NewsDangote Cement Plc has published its first standalone sustainability report and has confirmed its readiness to support the Nigerian Stock Exchange (NSE) in its ambition to host a sustainable stock exchange and capital market in Nigeria. Dangote took part in the ‘Facts behind the Sustainability Report’ (FBSR), an interactive forum created by the NSE to promote environmental, social and governance performance and reporting among Nigerian companies. Joseph Makouju, group managing director of... |
Work on Dangote’s Côte d’Ivoire plant advances10 April 2019, Published under Cement NewsDangote Cement has announced the construction of its 3Mta cement works just outside Abidjan, Côte d’Ivoire is now at an advanced stage. The project has been implemented for around 70 per cent with more than 80 per cent of equipment supplied and 80 per cent in terms of construction and civil engineering, according to Camara Guy Adama, project leader. The new plant and related logistical support is expected to generate employment of 800 direct jobs. |
Ghanaian cement prices rise for the second time in two months22 March 2019, Published under Cement NewsCement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board. Its Super Rapid cement advanced from GHS30.47 to GHS32.47/50kg bag (US$6.1/ 50kg bag and GHS649.4/t (US$124.18/t)), Super Strong Cement has moved up from GHS30.83 to GHS33.23 and Gha... |
Sephaku Cement sees 6% FY18 cement volumes fall07 March 2019, Published under Cement NewsSephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.37bn in 2017 while EBITDA slipped to ZAR461.5m from ZAR504.2m in FY17. Sephaku Cement reported that profit margins were affected by above-inflation cost increases on energy costs such as electricity and low availability of coal. Maintenance costs also impacted on performance. The company's net profit for 2018 was ZA... |
Dangote Cameroon cement sales stable at 1.2Mt in 201807 March 2019, Published under Cement NewsDangote Cement sold 1.2Mt of cement in Cameroon in 2018, reflecting stable sales when compared with the previous years, according to the Nigeria-based company. Dangote Cameroon said the stagnation of its performance can be explained partly by the arrival of “a new competitor” in the market, Cameroonian company Egin SA, which produced around 100,000t in 2018. In addition, following price cuts by competitors earlier in the year, the average cement price in Cameroon reached US$107/t at the ... |
Dangote Cement to become largest cement exporter in sub-Saharan Africa06 March 2019, Published under Cement NewsAliko Dangote, president of Dangote Industries Ltd, has revealed the target set for Dangote Cement’s export plans by next year. "By next year we will be the largest exporter of cement in sub-Saharan Africa with about US$600m worth of cement export to other African countries with limited access to limestone," he said. Speaking at the 2018 Dangote Cement Distributors' Award Night, Mr Dangote also noted the role cement terminals will play in these plans. "In addition, we also have new termina... |