Cement News tagged under: dangote cement
Dangote rolls out price cuts, Nigeria05 September 2014, Published under Cement NewsDangote Cement yesterday said it has reviewed the price of its cement in Nigeria and announced a price cut of NGN100 (US$1)/50kg bag. Speaking to local journalists, the company's managing director, Edwin Devakumar, said that the new prices would be rolled out to distributors as of 4 September 2014. Mr Devakumar also stated that to further comply with the Standards Organisation of Nigeria (SON) directive and regulations, the company has announced plans to launch its grade of premium 32... |
Nigeria: Dangote pretax profit dips18 August 2014, Published under Cement NewsNigeria's Dangote Cement said on Friday its half-year pretax profit fell to NGN107.06bn (US$659.4m), down 0.57 per cent from NGN107.68bn a year ago. However, turnover rose to 208.91bn during the six months period to 30 June 2014, compared with NGN198.46bn last year, the cement company said in a filing with Nigerian Stock Exchange. |
Lafarge expansion to upset Dangote Cement plans?11 July 2014, Published under Cement NewsLafarge Wapco’s shareholders have approved the merger between the Nigerian unit of French cement maker Lafarge, Lafarge Wapco, and its wholly-owned South African subsidiary. The consolidation of the South African unit with Nigeria’s Lafarge Wapco, Lafarge says, will help accelerate its growth on the African continent and expand its product offering in South Africa and across the region. The merger, analysts say, is a clear signal of Lafarge’s intent to compete for a larger share of Africa’... |
Dangote’s Cameroon plant scheduled for August launch30 June 2014, Published under Cement NewsDangote has rescheduled the launch of its Cameroon cement plant for August 2014, management told local press during a site visit to the new plant. Baba Abdullahi, Dangote Cement Cameroon’s managing director, said the factory’s launch has been rescheduled due to to electricity provision problems, the need to ensure viable access to the cement factory and unfavourable weather which has caused work to slow. But, overall, the company’s heads maintain that construction on the Douala factory ... |
Ethiopia: two new plants due to commence production in 2H1425 June 2014, Published under Cement NewsTwo new cement plants currently being implemented in Ethiopia are expected to begin production in the second half of this year, according to the director general of the Chemicals and Construction Materials Development Institute. Samuel Halala told local press that 90 per cent of Ethio Cement’s construction has been completed, while Dangote's Mugher works is 75 per cent finalised. The two factories are expected to increase domestic capacity to 15.7Mt. He said he expects production at both ... |
Nigeria: authorities urged to sanction slow regulation compliance16 June 2014, Published under Cement NewsCement distributors and block makers in southeast Nigeria have urged the regulatory authorities not to back down on the recently-reviewed quality standard and grading of cement. They called on government to sanction product manufacturers that fail to comply within the stipulated period of time. The distributors, however, commended Dangote Cement for complying, saying it has shown that it has the interest of its customers at heart and “that everything is not all about profit to the detrime... |
Dangote Cement to sell first cement in Cameroon in July02 June 2014, Published under Cement NewsDangote Cement will start selling cement produced in its factory in Cameroon from July onwards. It expects works on its new plant to be finalised within a month, according to the company. Representing an investment of XOF54bn (US$112m), the new facilities have a 1Mta production capacity and it expected that cement production will surpass 1.5Mta from 2016. “The price of Dangote cement will be very competitive,” according to Baba Abdullahi, Dangote Cameroon’s MD, against 50kg bags by ... |
Nigeria: Dangote to stabilise cement price08 May 2014, Published under Cement NewsSpeaking to shareholders at the 5th 2013 Annual General Meeting Aliko Dangote, Chairman of Dangote Cement Plc, pledged that his company would intensify direct-to-consumer deliveries to help stabilise cement prices in Nigeria. Aliko Dangote admitted that most input costs into cement production have risen to an "astronomically high" level, but that his organisation is committed to reducing prices. Dangote sold 13.3Mt of cement in Nigeria within the financial year representing an increase of 2... |
Dangote breaks ground on new Niger plant25 April 2014, Published under Cement NewsDangote Cement has broken ground on a new a 1Mta cement factory in Niger, state radio in the western African country announced on Thursday. President of Niger Mahamadou Issoufou formally started building work on the factory on Wednesday at Keita, around 600km northeast of the capital Niamey. The CFA200m (US$ 421.35m) plant is expected to take 18 months to complete. "This is an important event after the railway project started on 7 April last year. This cement factory will contribute a lot... |
African Forum checks dynamics of cement prices07 April 2014, Published under Cement NewsZambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta... |