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Dangote Cement will soon open Zambian plant 03 August 2015 including one in Nepal, Dangote CementÔÇÖs total projected capacity will stand at 53 million tons by 2017. Its plants in Nigeria lead the way with a combined capacity of 29.25 million tons per year from three massive plants in the North-central and... Type: Article Category: Plant Expansions NigeriaÔÇÖs Ashaka Cement posts H1 results 02 August 2015 Ashaka Cement sees profit increase (CW Group) NigeriaÔÇÖs Ashaka Cement posted a 5 percent increase in pretax profit in the first half of the year, reports Reuters. The Nigerian unit of Lafarge posted pretax profit of NGN 4.17 billion, up 5 percent... Type: Article Category: Financial LafargeHolcim ÔÇô major focus on emerging markets in Africa and Asia 02 August 2015 global capacity of 386 million tons per year and will have a major focus on emerging markets in Africa and Asia, including Nigeria. The firm operates in Nigeria under Lafarge Africa, which emerged last year through the combination of LafargeÔÇÖs... Type: Article Category: Mergers & Acquisitions Dangote Cement sees profit increase despite uncertainties in Nigeria 01 August 2015 of 28 percent on the back of DangoteÔÇÖs expansion that helped make up for ÔÇ£uncertaintiesÔÇØ in its home market of Nigeria, reports Mail & Guardian Africa. Dangote CementÔÇÖs net income amounted to NGN 121.8 billion in the six-month period, up from... Type: Article Category: Financial Dangote Cement revises spending plans 01 August 2015 Dangote to commence production in Tanzania (CW Group) Nigerian cement maker Dangote Cement revised its spending plans for 2015 from $700 million to $1 billion, reports Reuters. The move comes after the group commissioned two new plants in June. Dangote... Type: Article Category: Markets & Competition BUA Group to start production at new Nigerian plant 31 July 2015 Obu Cement Plant scheduled to come online in August (CW Group) The BUA Group gears up to launch its new Obu Cement Plant in Nigeria, bringing total production capabilities in the country to 45.5 million tons, reports Business Day. The plant required a... Type: Article Category: Plant Expansions Merged LafargeHolcim unveiled in Nigeria 29 July 2015 year, between the two cement giants Lafarge and Holcim, led to a market capitalization of CHF 41 billion, reports PM News Nigeria. The deal is thought to be an essential step towards reducing costs for both companies. The merger has created a company... Type: Article Category: Markets & Competition High cost of construction materials in Nigeria 26 July 2015 Steep increase in cement prices (CW Group) The high cost of construction materials in Nigeria has been attributed to the development of the nationÔÇÖs housing and on a broader perspective, construction sub-sector, reports Leadership. The reality of the... Type: Article Category: Volume & Pricing Lafarge Africa to continue to play a key role in the economic development of Nigeria 20 July 2015 new group will now work towards creating the highest performing company in the building materials industry. The outgoing Nigeria Chief Executive Officer (CEO) of Lafarge Africa Mr. Guillaume Roux, stated that ÔÇ£the merger will have a positive impact on... Type: Article Category: Mergers & Acquisitions Cement Company of Northern Nigeria enhances production capacity 19 July 2015 CCNN to build to build an additional power plant (CW Group) The Cement Company of Northern Nigeria (CCNN), plans to build to build an additional power plant in a bid to attain self-sufficiency in power supply, reports The Nation. The $600 million... Type: Article Category: Plant Expansions Ashaka Cement invests to create jobs and alleviate poverty in Nigeria 15 July 2015 Ashaka Cement and PINE conclude agreements (CW Group) LafargeÔÇÖs Ashaka Cement and NigeriaÔÇÖs Presidential Initiative for the North East, PINE concluded arrangements to invest about $100 million to create jobs and alleviate poverty caused by... Type: Article Category: Markets & Competition Lafarge Africa to supply electricity to the Nigerian grid 11 July 2015 Dangote also in discussions with NERC (CW Group) Lafarge Africa applied to Nigeria's energy regulator for a license to generate 260 megawatts of electricity to supply to the country's grid, reports Reuters. Dangote is also in discussions with the... Type: Article Category: Markets & Competition Lafarge Africa partners with PINE 24 June 2015 Lafarge Africa to invest in expansion in Nigeria (CW Group) Lafarge Africa launched a partnership with the NigeriaÔÇÖs Presidential Initiative for the North East (PINE) for the rehabilitation and re-building of the regionÔÇÖs economy, reports Business... Type: Article Category: Markets & Competition Nigerian cement maker moves to enhance production capacity 23 June 2015 CCNN builds additional power plant (CW Group) The Cement Company of Northern Nigeria (CCNN), Sokoto, plans to build an additional power plant to make it self-sufficient in power supply to enhance its production capacity, reports The Nation. The $600... Type: Article Category: Plant Expansions Nigeria: Unicem denies claims on planned relocation to Lagos 20 June 2015 Unicem has debunked report on relocation from Calabar to Lagos (CW Group) The United Cement Company of Nigeria denied claims made by the Cross River State that it plans to relocate from Calabar to Lagos. All Africa reports that Unicem reacted to the... Type: Article Category: Markets & Competition NigeriaÔÇÖs Ashaka Cement sees net profit fall despite lower production costs 15 June 2015 Ashaka Cement plans capacity expansion (CW Group) The first quarter profit of NigeriaÔÇÖs Ashaka Cement fell despite reduced production costs, reports Business Day. The cement maker struggles with lengthy rainy rains and insurgency in the north of... Type: Article Category: Financial Lafarge Africa involved in NigeriaÔÇÖs housing sector 10 June 2015 Lafarge Africa has stated its mission to reduce the housing deficit in Nigeria (CW Group) Lafarge AfricaÔÇÖs mission statement ÔÇ£Building Better Cities throughout the World by Providing Innovative SolutionsÔÇØ is being put into practice in Nigeria. In... Type: Article Category: Markets & Competition New cement plant opens in Ethiopia 05 June 2015 plant. The countryÔÇÖs population of 90 million consumes about 70 kilograms of cement per capita annually as compared with Nigeria, where the annual per capita consumption is 127 kilograms.┬á Ethiopia is one of Africa's fastest-growing economies and a... Type: Article Category: Plant Expansions Lafarge Africa welcomes new chairman 03 June 2015 he will always find an answer to every question raised. It is my pleasure tonight to propose the toast of Osunkeye, a great Nigerian, a good leader and a jolly good fellow,ÔÇØ said former Central Bank of Nigeria governor and former director of the... Type: Article Category: People Nigeria: Ashaka cement reports losses 29 May 2015 financial results for the first quarter of the year reveal fall in profit (CW Group) Ashaka Cement, a Lafarge subsidiary in Nigeria, reported that revenues dropped from N6.5 billion in the first quarter of 2014 to N4.5 billion in the quarter ended March... 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