Cement News tagged under: Nigeria
Nigerian House of Representatives threatens to issue arrest warrants for Dangote10 July 2024, Published under Cement NewsA committee from Nigeria’s House of Representatives, investigating the hike in cement prices, has warned it will issue arrest warrants for Dangote Cement’s management after executives failed to honour an invitation. Chaired by Jonathan Gaza, the House Committee on Solid Minerals issued the threat on 9 July during a National Assembly hearing after the company failed to show up. Gaza stated that the committee would give Dangote Cement another opportunity to comply before taking further action.... |
Dangote ramps up investment in Zambia with second plant24 June 2024, Published under Cement NewsDangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reach full capacity by the end of 2024. The new plant is expected to be commissioned soon. |
Renewed hope for Nigeria21 June 2024, Published under Cement NewsNigeria’s incoming president has his work cut out, faced with a worsening security situation, accelerating inflation, declining oil revenues and food insecurity. After some bold moves, his economic choices appear to be paying off, albeit slowly. But what does this mean for the country’s cement producers as they tackle overcapacity and spiralling cement prices? By Suzanne Starbuck, ICR Research, UK With Nigeria’s population due to reach 400m by 2050, the government has set an infrastru... |
Mangal’s capacity build-up10 June 2024, Published under Cement NewsMangal Industries Ltd (MIL) is building a new production line in Kogi state, Nigeria. The new line will add 6000tpd of capacity to the plant when completed. By Binbin Wang and Kunqiang Ye, Sinoma Group, China Mangal Industries Ltd has started construction of a 6000tpd clinker lines in Kogi state, Nigeria (© Sinoma Group) M angal Industries Ltd (MIL) is investing in a 3Mta cement plant in Iluagba, Ìjùmú local government area, Kogi state, Nigeria. The project is curren... |
Dangote Cement commits to CNG trucks by 202531 May 2024, Published under Cement NewsDangote Cement has pledged that all of its trucks will be operating on compressed natural gas (CNG) by the end of 2025, reports Vanguard. According to the company, investments are already being made to ensure that thousands of its delivery trucks are run on CNG as part of the federal government’s agenda on the use of alternative fuels for official vehicles. The announcement came at Dangote’s annual general meeting in Lagos, where the company also gave an update on the ongoing construct... |
Gunmen abduct Dangote workers at Okpella15 May 2024, Published under Cement NewsGunmen stormed Dangote Cement ’s Okpella plant in Edo State, Nigeria, on 14 May, abducting dozens of plant workers, according to Business Day. Eye witnesses say the gunmen opened fire on a convoy of plant workers. The number of workers injured is currently unknown. The attack has been confirmed by Michael Odofin, a spokesperson for Okpella Cement Plc. “I cannot give any details right now but our workers were attacked. The attack is still fresh. We have no one killed,” said Mr Odofin. |
House of Representatives summons Nigerian producers09 May 2024, Published under Cement NewsDangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies were initially summoned by the House to appear in early May as part of an investigation into the hike in cement prices across the country but failed to show, reports Premium Times. Jonathan Gbefwi, chair of the House of Representatives committee, took the opportunity to lament the high cost of buildings materials in N... |
Dangote Cameroon imports clinker from Nigeria and Congo to ensure 1Q supply06 May 2024, Published under Cement NewsDangote Cement sold 354,000t of cement in the Cameroon market in the 1Q24, representing 35 per cent of total cement production in the country, according to EcoMatin. While ongoing infrastructure projects in the country supported sales by Dangote, the company has faced challenges due to inflationary pressures and increasing fuel costs. Dangote has delivered significant quantities of clinker to Cameroon to support its local output. From its base in Nigeria, the company delivered 178,000t whi... |
Dangote Cement announces Philip retirement06 May 2024, Published under Cement NewsDangote Cement has announced the retirement of its Deputy Group Managing Director, Mathew Philip. Mr Philip retired from the cement producer on 30 April 2024, reports Business Day. “The company extends its appreciation to Mathew for his significant contributions and improvement to the operations of the business and wishes him well in his future endeavors,” said the company in a statement. |
BUA Cement CFO Jacques Piekarski resigns03 May 2024, Published under Cement NewsBUA Cement 's Chief Finance Officer and Executive Director, Jacques Piekarski, has resigned. Mr Piekarski held the post since 2 October 2020 following a position as Group CFO for TGI Group Nigeria. Chikezie Ajaero has been appointed as acting CFO. |