Cement News tagged under: Dangote Cement
Tanzania: Dangote Cement awards 150,000t coal contract to Tancoal09 October 2015, Published under Cement NewsDangote Cement in Tanzania awarded Tancoal Energy Ltd, part of Australia’s Intra Energy Corp Ltd, the contract for more than 150,000t of coal, which will be supplied over the course of next year. The AUD9.3m order represents about half of Dangote Cement Tanzania’s coal requirement and will enable Tancoal to increase mine output by 35 per cent. |
DR Congo: new plant online in December 201629 September 2015, Published under Cement NewsDangote’s new plant in the Republic of Congo is expected to enter production in December 2016. The new 1.5Mta plant in Bouenza, Yamba district represents an investment of XOF139.725bn. However, the succesful completion of this project is subject to the construction of a new bridge over the Niari river on the Buiansa-Mouyondzi axis. The old bridge, which has a carrying capacity of 25t, does not allow construction workers to transport structures of over 75t. The Congolese market is currently... |
Dangote Tanzanian plant set for October commissioning29 September 2015, Published under Cement NewsDangote Cement is set to commission its new 3Mta cement plant located in Mtwara District of Tanzania on 10 October 2015. The company will also hold the groundbreaking ceremony for 25ha of jetty land at Mgao village in Mtwara District in the country the same day, according to AllAfrica News. The commissioning of the new cement plant, which is part of the company's Africa expansion strategy, will be the fourth in the series after Ethiopia, Zambia and Cameroun. Cement plants due for commissio... |
Zambezi Portland lowers cement price22 September 2015, Published under Cement NewsCompetition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51. |
Nigeria: BUA Cement signs US$600m expansion deal with Sinoma07 September 2015, Published under Cement NewsBUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant. The plant currently produces 3.5Mta, but by the end of 2017 capacity will rise to 7Mta. BUA's executive chairman, Abdulsamad Rabiu, said at the signing ceremony, “BUA has less than 10 per cent of market share now, after expansion we should go to about 20 per cent.” The Nigerian cement market is currently controlled by Dangote Cement, which has a 70... |
Zimbabwe offers Dangote growth04 September 2015, Published under Cement NewsThe Nigerian billionaire, Aliko Dangote, head of the Dangote Group, visited Zimbabwe this week and struck investment deals in mining, cement manufacturing and power generation. Dangote separately met President Robert Mugabe and his deputy, Emmerson Mnangagwa, as well as mining, transport and local government ministers. He was particularly forthcoming about the cement manufacturing plant, telling journalists after meeting Mr Mnangagwa, that he was looking to set-up "an integrated cement pla... |
Nigeria: Dangote Cement reduces prices by NGN6000/t04 September 2015, Published under Cement NewsDangote Cement announced that it will lower the price of its 3X cement by NGN300/50kg bag or NGN6000/t. Onne van der Weijde, Dangote’s director general, has indicated that the company’s cost reduction strategy has started to bear fruit, enabling Dangote to achieve attractive margins and reduce the prices. Mr Van der Weijde added: "We hope this new pricing strategy will support the naira, by reducing unnecessary imports and by creating currency value through the income to be generated from... |
Dangote opens grinding plant in Cameroon, Zimbabwe works on the cards01 September 2015, Published under Cement NewsDangote Cement Plc has inaugurated its 1.5Mta cement grinding plant in Douala, Cameroon. In addition, the company laid the foundation for a 200m terminal in Base Elf area, of the Douala Port. President of the Dangote Group, Aliko Dangote, said he company has decided to begin work on the second phase of the plant, which will see the doubling of its capacity to 3Mta. Zimbabwe plans The company has also indicated its intention to open a US$400m cement plant in Zimbabwe with a capacity of 1.... |
Dangote Cement signs fresh deal with Sinoma27 August 2015, Published under Cement NewsDangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana as well as in Nepal. The latest developments will boost capacity to more than 70Mta and Dangote is targeting further gains to about 100Mta of potential output by 2020, Aliko Dangote said in a speech in Lagos. |
Dangote Cement24 August 2015, Published under Cement NewsDangote Cement reported a 15.9 per cent YoY increase in first-half 2015 revenue, as production at its non-Nigerian factories ramps up. Net profit over the period grew by 27.6 per cent to NGN121.8bn (US$614m) while EBITDA expanded by 14 per cent to NGN147.5bn. Group cement sales volumes were up by 13.7 per cent to 8.1Mt with strong market share gains being noted in South Africa and Senegal. The Nigerian market accounted for NGN207.8bn of revenue with cement sales dropping by 7.5 per cent to... |