Cement News tagged under: Dangote
Nigeria: cement prices increase12 July 2016, Published under Cement NewsAccording to The Guardian Nigeria market research, there has been a fluctuating increase in cement prices since May 2016. Previously prices had been reduced by Dangote Cement Plc, the leading producer of cement in the country, with prices dropping from approximately NGN2000 (US$7.08) to NGN1000-1400 (US$3.54-4.96) per 50kg bag. However, bags of cement sell now at up to NGN2000 across all brands. This return to high prices has slowed housing construction, real estate activities and has inc... |
West Africa powers up04 July 2016, Published under Cement NewsWest Africa’s booming population and economic development are expected to fuel cement consumption in the long term and the region’s prospects look bright. However, as the regional cement sector rapidly builds production capacity to keep pace with anticipated demand, challenges remain for the industry, including inflation, lower oil receipts and power shortages. By ICR Research, UK. Ghana: HeidelbergCement's Tema plant keeps production rolling West Africa’s population is set to m... |
Dangote Cement appoints two regional CEOs01 October 2015, Published under Cement NewsDangote Cement has appointed two new Regional Chief Executive Officers (RCEOs) to lead its Nigeria and West and Central Africa divisions. Arvind Pathak has been named the new RCEO of Nigeria while Vivek Chawla is the new RCEO for West and Central Africa. Mr Chawla has over 30 years of experience in the cement industry working across functions including management, operations, sales & marketing, projects and commercial. Prior to his appointment at Dangote Cement Plc which became effective ... |
Sephaku Aganang works launches clinker production25 August 2014, Published under Cement NewsDangote subsidiary, Sephaku Cement (SepCem), launched clinker production at its integrated Aganang plant on 20 August 2014, the company confirmed in an operational update. This follows the announcement on 13 August 2014 on the completion of the hot commissioning of the plant. The first consignment from Sephaku's flagship works in Northwest Province, South Africa, will be delivered to the company's Delmas grinding unit Mpumalanga. To-date, SepCem has been purchasing clinker to mill at Delm... |
Ghana: Dangote Takoradi and Tema plants to halt shortages08 July 2014, Published under Cement NewsFollowing news of Ghana's difficulties to keep up with cement demand, Tajudeen Sijuede, vice chairman of Dangote Cement Ghana, has acquired the land rights for a new 1.5Mta grinding and bagging plant in Takoradi, western region. This facility will complement the company's recently-completed grinding unit in Tema, which is ramping up to its 1.5Mta capacity. Mr Sijuede said: “We are establishing another clinker-grinding plant at Takoradi with capacity of additional 1.5Mta, which will b... |
Dangote launches 52.5 grade to Nigerian market12 March 2014, Published under Cement NewsDangote Cement yesterday launched its 52.5 grade cement to the Nigerian market. The African cement major said at a press briefing it has recalibrated all three of its Nigerian plants (Ibese, Gboko and Obajana) to produce 52.5 grade. The cement has been approved by the Standard Organisation of Nigeria (SON), which confirmed that the product meets the requirements of NIS 444-2003 and other relevant standards. According to Dangote, it is the only company in Africa to produce this standard. ... |
Dangote Cement20 December 2013, Published under Cement NewsDangote Cement has been revealed as the most capitalised stock on the Nigerian Stock Exchange (NSE) accounting for around 27 per cent of the total market. During 2013 Dangote shares have outperformed the NSE recording growth of 52 per cent, compared to the 38 per cent return posted by the NSE All-Share Index. Earlier this month, a 10 per cent rise in the share prices of Dangote Cement Plc on one day added NGN140bn (US$870m) to the market capitalisation of the exchange boosting it from NGN12.... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
Dangote Cement28 October 2013, Published under Cement NewsAs part of its strategy to reach 55Mt of cement production by 2016, Dangote Cement recently announced plans to build a new cement plant in Niger. The plant, which is expected to cost US$350m, will have a production capacity of 1.5Mta. According to the company, the project will not only create up to 7000 new jobs, it will also produce its own electricity with any surplus being used to boost Niger’s existing inadequate power supply. With just one cement plant with a capacity of just 40,000t... |
Dangote plans to enter Niger market18 October 2013, Published under Cement NewsDangote Cement plans to spend US$350m to build a new cement in Niger as part of the its African expansion drive. Speaking to press following a meeting with Niger President Issoufou Mahamadou on Wednesday, Aliko Dangote, stated: "I announced to the head of state my intention to build a cement plant worth US$350m which will produce 1.5Mta." "The realisation of this project will create 6000 to 7000 jobs," he added. He said the plant would produce its own electricity with an anticipated sur... |