Cement News tagged under: Senegal
Senegal: government introduces new tax on cement06 January 2017, Published under Cement NewsAs of 2 January, the price of cement in Senegal has increased by XOF3000 (US$4.84)/t. The Senegalese government has implemented a new tax of XOF3/kg on cement. The tax will be applied by all three domestic cement companies - Sococim, Ciments du Sahel and Dangote Cement Senegal. It is part of the government’s efforts to reduce loss in income, according to the Senego news service. Sellers are expected to pass on the new tax to customers.The Consumers Association of Senegal has expressed ... |
Senegal notes 10% increase in cement output in 10M1605 January 2017, Published under Cement NewsCement production in Senegal in the first 10 months of 2016 increased 10.2 per cent YoY, according to the government’s Planning and Economic Research Unit. Output at Sococim and Ciments du Sahel, which represent two out of three domestic producers, rose from 4,678,900t in 10M15 to 5,154,600t. The advance was mainly driven by a significant increase in exports, which were up 25.2 per cent from 1,902,800t in 10M15 to 2,382,300t one year later. Domestic sales edged up by 0.5 per cent YoY from... |
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: Nigeria’s currency woes will not alter expansion plans22 April 2016, Published under Cement NewsDangote Cement’s annual general meeting, held in Lagos, has seen Aliko Dangote set out his plans to grow the business despite worsening economic conditions, particularly in the company’s Nigerian base. According to reports in This Day, Mr Dangote claimed that foreign exchange volatility – a reference to the Nigerian government’s resistance to calls to devalue the naira – would have no significant impact on the company and its expansionary strategy. Addressing the AGM, Mr Dangote said: ... |
Senegal: cement output increases 13% in 201524 February 2016, Published under Cement NewsCement production in Senegal rose 12.9 per cent in 2015 when compared with the previous year, according to the country’s Directorate of Economic Forecasting and Studies (DPEE). Cement producers Sococim and Cements du Sahel expanded their output from 4,939,200t in 2014 to 5,576,000t in 2015. The rise has been mainly attributed to a 22.3 per cent increase in export sales, which jumped from 1,842,300t to 2,253,800t over the same period. Domestic sales rose by 6.4 per cent at 3,317,200t, ... |
Senegal cement sales up 0.7% in 5M1527 July 2015, Published under Cement NewsDemand for cement in Senegal edged up 0.7 per cent YoY to 1,432,100t in January-May 2015, according to national Planning and Economic Study Directorate. Production in the first five months of 2015 increased 9.6 per cent to 2,444,100t when compared with 2,230,800t noted in 5M14. Output was buoyed by a 26 per cent YoY rise in exports, which surpassed the 1Mt mark at 1,050,400t during the five-month period. |
Senegal: domestic market contracts, exports jump30 June 2015, Published under Cement NewsSenegalese cement producers increased their output by 4.4 per cent in the first four months of 2015 when compared with the same period of 2014, according to the country’s planning and economic study department. Production went up from 1,752,000t to 1,829,400t. Domestic sales fell 6.4 per cent from 1,123,000t in 4M14 to 1,051,500t in January-April 2014. However, exports jumped 22.1 per cent from 656,500t to 801,500t in the same period. |
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... |
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
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... |