Cement News tagged under: Nigeria
Lafarge Africa to supply Nigerian electricity grid13 July 2015, Published under Cement NewsLafarge Africa said on Friday it had applied to Nigeria's energy regulator for a licence to generate 260MW of electricity to supply to the country's grid. Nigerian Electricity Regulatory Commission (NERC) is licensing 'embedded power companies' to try to end electricity shortages. Embedded power companies are not primarily power generating groups, but those which generate extra power from their operations and can then sell the surplus to the grid or distribution companies. Dangote is als... |
Lafarge Africa partners PINE to rebuild North East Nigeria23 June 2015, Published under Cement NewsLafarge Africa Plc has launched a partnership with the Presidential Initiative for the North East (PINE) on the rehabilitation and rebuilding of the region’s economy following the Boko Haram insurgency, pledging to invest NGN100bn (US$502.5m) for the expansion of its business in the region. He said the company had decided to partner with the Federal Government in rebuilding the ravaged North Eastern region as part of the company’s committment to rebuilding the region, saying: Guillaume... |
CCNN to increase power generation capacity, Nigeria23 June 2015, Published under Cement NewsThe Cement Company of Northern Nigeria (CCNN) is to build an additional power plant to enable it to self-sufficiently supply its plant near Sokoto in the northwest of the African country. The company is teaming up with CBMI (China) to build a new plant to increase power generation capacity from the current 12MW to 16MW, according to Alhaji Sada Suleiman, Principal Manager, Corporate Affairs of CCNN. Suleiman disclosed the information, which was subsequently reported by local press, to ... |
Ashaka impacted by insurgency, lengthy rainy season16 June 2015, Published under Cement NewsNigeria-based Ashaka Cement Plc’s first-quarter profit fell by 53.54 per cent to NGN889.01m (US$4.5m) in the first three months of this year as insurgency disrupted operations and a lengthy rainy season weakened demand. Revenue over the Jan-March period declined by 29.84 per cent to NGN4.56bn. Ashaka Cement's operations have been disrupted by Boko Haram as the company is located in Gombe State in the north of the country. Cost of sales reduced by 11.74 per cent to NGN2.93bn in 2015 ... |
Dangote revenues boosted by new capacities18 May 2015, Published under Cement NewsDangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a... |
Ashaka 1Q pretax profit down 59%, Nigeria13 May 2015, Published under Cement NewsNigeria's Ashaka Cement first-quarter pretax profit fell 58.8 per cent to NGN1.16bn (US$5.8m) from a year ago, the company said on Monday. The decline was partly attributed to a fall in sales and a contraction in gross margin. Revenue fell to NGN4.56bn during the three months to end-March, down from NGN6.5bn in the previous year, the local unit of Lafarge Cement said in a stock exchange filing. |
FLSmidth reaches agreement to exit O&M contracts in Nigeria07 May 2015, Published under Cement NewsIn November 2013 FLSmidth signed a number of contracts with the Nigerian cement producer Dangote Cement PLC for operation and maintenance of production lines at their Ibese and Obajana cement plants in Nigeria for a period of five years. Due to changed market conditions, Dangote Cement and FLSmidth have reached an agreement to end the operation and maintenance collaboration on the two plants, the Danish equipment supplier said in a statement yesterday. The discontinuation of the O&M contra... |
Ashaka Cement pretax profit rises 84.5%01 April 2015, Published under Cement NewsNigeria's Ashaka Cement 2014 pretax profit rose 84.5 per cent to NGN5.25bn (US$26m) from year ago, the company said on Tuesday. Revenue declined by 2.58 per cent during the period to NGN21.13bn, the unit of Lafarge Africa said in a statement. |
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, ... |
AshakaCem Plc appoints new chairman, Nigeria20 March 2015, Published under Cement NewsAshakaCem Plc, a subsidiary of Lafarge Africa Plc, has appointed Malam Suleiman Yahyah as its chairman. The appointment followed the expiration of the tenure of Alhaji Umaru Kwairanga, who has stepped down. The cement manufacturing company in its notice to the Nigeria Stock Exchange (NSE), stated that “the board of directors has appointed Malam Suleiman Yahyah, OON, as the Board Chairman with effect from 12th March 2015.” The board also appointed as non-executive directors of the ... |