Cement News tagged under: Dangote Cement
Dangote commences operations in Senegal, Cameroon30 March 2015, Published under Cement NewsDangote Cement has commenced operations at new cement facilities in Senegal and Cameroon, which form part of the company's plans to become a pan-African enterprise. The new Senegalese plant, located in Pout district, about 75km from Dakar, the country’s capital, has a total production capacity of 1.5Mta. With the new plant, the company hopes to improve the country’s cement production capacity with an additional 1.5Mta while serving an export market demand of 2Mt along the Mali ax... |
Dangote Cement pretax profit down 3.2%27 March 2015, Published under Cement NewsDangote Cement's pretax profit fell 3.2 per cent to NGN184.68bn (US$928m) last year due to a gas shortage and the impact of wet weather on construction activity, the company said on Thursday. The company said sales volumes in its domestic market of Nigeria fell 3.2 per cent to 12.87Mt, weaker than the decline in the overall market of 0.8 per cent to 21Mt. Full-year revenues for 2014 climbed to NGN391.63bn during the 12-month period to 31 December, up from NGN386.17bn the previous year, ... |
Dangote Cement26 March 2015, Published under Cement NewsDangote Cement expects its new plant in Ethiopia to begin test production by the end of March this year with product ready to enter the market in late April/early May. The plant, which is located in West Shoa Zona, 85km from Addis Ababa, has a production capacity of 2.5Mta, making it the biggest of its kind in east Africa. Construction at the US$500m plant began in March 2012 with Sinoma International Engineering overseeing the works. Once completed the plant will produce OPC, PPC and spe... |
Dangote’s Zambian plant due to start operations by month-end13 March 2015, Published under Cement NewsDangote Cement’s Zambian cement plant is scheduled to start operations at the end of this month, group CEO, Aliko Dangote, has said. Speaking to journalists shortly after touring the plant, Mr Dangote explained that floods triggered by heavy rain and bureaucracy in acquiring a permit from the Zambia Environmental Management Agency (ZEMA) caused delays in the commissioning of the 1.5Mta cement plant. “There was a delay of getting a permit from ZEMA, which actually made us start production ... |
Dangote Cement03 February 2015, Published under Cement NewsNigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou... |
Dangote Cement appoints new CEO26 January 2015, Published under Cement NewsDangote Cement Plc has appointed Onne van der Weijde as chief executive officer, effective 1 February 2015. Mr Van der Weijde, ex-Holcim India head, will take the helm from Dangote Cement's outgoing CEO Devakumar Edwin. Mr Edwin told Reuters in an interview that the transition comes at a time when some of the large capital expenditure projects of Dangote Industries Ltd, which he handles, have started to materialise. |
Cameroon: first raw materials arrive at Dangote’s Douala plant14 January 2015, Published under Cement NewsDangote Cement has received the first cargoes of raw materials for its new cement works at Douala, Cameroon. The delivery consists of clinker, gypsum and pozzolan, produced in the 27ha quarry in Tombel, in the south-west of the country. Dangote has an exploitation agreement for five years for the location. Over the past two weeks, the company has been carrying out equipment tests in the new 1.5Mta plant, which represents an investment of XAF50bn (US$90m). |
Nigeria: Benue prices increase as Gboko stops production30 December 2014, Published under Cement NewsOperations at Dangote Cement's Gboko plant have been temporarily grounded leading to an increase in cement prices in the Nigerian state of Benue, according to local press. The Daily Times (Nigeria) reported on Saturday that commercial operations at the cement plant have been suspended over the last fortnight. The stoppage has led to prices in Benue state almost doubling from NGN1400 (US$7.67) to NGN2500 due to US$13.7, the report added. The shutdown is being attributed to two main fact... |
Dangote raises cement price23 December 2014, Published under Cement NewsReversing a November price cut, Dangote Cement increased the price of its product to NGN2200/50kg bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the Ibese plant. Ex-works prices from Isolo hovered around the NGN1700 mark, according to one local source. The changes, which were not formally announced by the cement producer, are effective 15 December 2014 and distributors have said that the rapid reversal... |
Dangote reverses price cut18 December 2014, Published under Cement NewsJust over a month after initiating a dramatic price cut, Dangote Cement has raised prices again in Nigeria. The price of 42.5 grade cement has reportedly increased from NGN1150 (US$6.10) to NGN1567 (US$8.37, excluding VAT). This translates to a 35 per cent rise and taking the price higher than the level before the November cut. Analysts at Morgan Stanley comment that the original decision to drop prices appears to have been prompted by a build-up of stocks that Dangote was unable to se... |