Nigeria’s Dangote Cement reveals to spend 1bn for expansion

Nigeria-based Dangote Cement has registered a jump in its revenue in 2013 to NGN 386.20bn (€1.7 billion/US$2.34 billion), up by 29%. The company has recorded an increase in its net income in 2013 from NGN 145.1 billion in 2012, to NGN 201.9 billion. Its sales stood higher to 13.3 million tonnes, up by 28%. In 2014, the cement company aims to expand its plant under an investment of around US$1 billion (€725.59 million).
March 31, 2014 Read time: 1 min

Nigeria-based 7635 Dangote Cement has registered a jump in its revenue in 2013 to NGN 386.20bn (€1.7 billion/US$2.34 billion), up by 29%.

The company has recorded an increase in its net income in 2013 from NGN 145.1 billion in 2012, to NGN 201.9 billion. Its sales stood higher to 13.3 million tonnes, up by 28%.

In 2014, the cement company aims to expand its plant under an investment of around US$1 billion (€725.59 million).

Between 2014 and 2016, it targets to complete the construction work on its plants in Obajana and Ibese, as well as projects in Cameroon, Senegal and Zambia. By 2016, the company plans to increase its production capacity to over 60 million tonnes by expanding into 13 countries in Africa. At present, it has a production capacity of 20.3 million throughout its three plants in Nigeria.

Quarry Products

For more information on companies in this article

Related Content

May 12, 2014

Dangote Cement to expand in Africa

Dangote Cement plans to start operations in Sierra Leone, Cameroon and Zambia in 2014, says Chief Executive Officer Devakumar Edwin

Dangote has a production capacity of 20.3 million tonnes/year in Nigeria and intends to add 9 million tonnes/year to production in thatcountry by the end of 2014.

Edwin says that Dangote is reviewing its operations in Kenya in light of the discovery of limestone deposits in the country, and plans to increase the capacity of its proposed plant in Kenya from 1.5 million ton

April 2, 2014

Nigeria’s Dangote Group aims for top 100

Nigeria-based Dangote Group is aiming for the company to become one of the world’s top 100 companies within three years.
Aliko Dangote, Africa’s wealthiest man and Dangote’s chief executive, revealed this recently saying the company planned to expand regionally, with the aim of investing US$16 billion (€11.81 billion), where it already has considerable investments.
Dangote, already Africa’s leading cement producer, will complete five cement plants across five African countries in 2014, adding about 13.5 m

March 20, 2017

Nigerian government commends Dangote Cement’s self-sufficiency feat

The Nigerian federal government has officially confirmed that the country has attained self-sufficiency in the production of cement and is now an exporter of the commodity.

It ascribed the feat to Dangote Cement which is said to have spearheded spare headed the integration policy introduced by the government.

Onne Van der Weijde, group managing director of Dangote Cement, presenting the financial results of the company for 2016, said the company had started cement exports to Nigeria’s neighbouring cou

October 23, 2017

Dangote Cement strengthen pan-African market volume

Pan African cement manufacturer, the Dangote Cement, says it has maintained its stronghold in the Nigeria domestic cement market accounting for 65% of the country’s market volume, while other African plants’ volumes went up by 7.5% to 7 million tonnes/year.
The company has in the past months expanded its operations across Africa with the coming onstream of the 1.5million tonnes/year integrated cement plant in Mfila, Republic of Congo.

boombox1

Highlighted Content

boombox2