Cement News tagged under: Nigeria
Nigeria: producers encouraged to use tyres as raw material15 September 2016, Published under Cement NewsThe Standards Organisation of Nigeria (SON) has approached local cement producers, encouraging them to use tyres as a raw material for firing kilns. Acting Director General of SON, Dr Paul Angya, said, “We are looking for environmentally-friendly ways of disposing seized tyres. That is why we are talking to cement companies and another company in Kwara state that said they can use tyres as raw materials to produce some other products.” SON was previously paying waste management organis... |
Nigeria: Sokoto Cement will have 60MW power by mid-201714 September 2016, Published under Cement NewsSokoto Cement (Cement Company of Northern Nigeria Plc) will build two additional power plants by mid-2017 that will enable the company to generate at total of 60MW of electricity, reports All Africa. The company currently generates 16MW electricity from its biomass plant for its use and for neighbouring communities. Sokoto Cement promised to reduce its current NGN1.3bn (US$4.1m) debt by increasing the price of its products, increase marketing strategies as well as reducing all administrati... |
Nigeria: Bricklayers threaten protest over cement prices12 September 2016, Published under Cement NewsThe Lagos State Bricklayers Association have called on the Nigerian government to take action to lower cement prices, the Nation reports. According to the newspaper, if the authorities do not succeed in bringing down the cost of cement by 20 September, bricklayers will hold a rally in Nigeria’s largest city to air their grievances. President of association, Deacon Abel Olukayode, stated: “We have been lamenting over rising incidents of building collapse in the country. Are we not going... |
Ethiopia: Dangote plant attracted with cheap power deal08 September 2016, Published under Cement NewsDangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun... |
Nigeria: cement price rise will impact house building05 September 2016, Published under Cement NewsCement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high foreign exchange rate with NGN420 (US$1.33) exchanging for one dollar. It is argued by the deladers that the government should give concession to cement manufacturers, reports the News Agency of Nigeria (NAN). The dealers claim that such a concession would help them to import materials for cement production. The... |
Dangote announces price rise, starts coal mining in November01 September 2016, Published under Cement NewsDangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the gas supply, its preferred fuel in Nigeria. This has led to a substantial hike in its fuel costs as the company increasingly relies on LPFO and, to a lesser extent, on coal as prices for these alternatives are up to three times higher. The significant devaluation of the naira against the US dollar has also contributed to... |
Nigeria: cement prices in Lagos rise by over a third31 August 2016, Published under Cement NewsThe price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise of around 40 per cent on previous prices. Kunle Awobodu, vice-president of the Nigeria Institute of Building (NIOB), said: “Clients, contractors and quantity surveyors may have disagreements due to price variations. New price on old contracts in a competitive bidding may eventually lead to sub-standardisation in con... |
Nigeria: removal of cement tax incentive12 August 2016, Published under Cement NewsThe removal of pioneer status tax incentive for the cement industry has caused concerns for operators in the real sector, who feel the development will send the wrong signal to investors. The issue was raised by the President of Manufacturers Association of Nigeria, Dr Frank Jacobs, with the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, at a recent stakeholders’ meeting. Dr Jacobs said, “The news of government withdrawing the pioneer status tax incentive enjoyed by th... |
Nigeria: Lafarge Africa complains of inadequate gas supply11 August 2016, Published under Cement NewsManagement at Lafarge Africa’s plants at Ewekoro and Sagamu, Ogun State, have voiced their concerns over the inadequate gas supply to their operations. Production managers at the two plants, Segun Shoyoye and Hannes Diedericks, disclosed that their plants had to cease production for the past six weeks over the matter. Mr Shoyoye said, "The twin problems of non-availability of gas and foreign exchange are impeding full capacity production in the manufacturing industry. We can say we have s... |
LafargeHolcim 2Q16 results05 August 2016, Published under Cement NewsLafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and other one-offs) increased six per cent like-for-like in the quarter to CHF1.7bn (US$1.75bn). Net income increased CHF318m (US$326.5m) to CHF452m (US$464m) for the first half of the year and the group's annual divestment target of CHF3.5bn (US$3.59bn) was exceeded. CEO of LafargeHolcim, Eric Olsen, said, “Our focus on p... |