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Dangote Cement considering US$322m cement plant in Niger 28 August 2019
Niger: Dangote Cement has expressed an interest in establishing a 1.64Mt/yr cement production unit, complete with a grinding plant and gas energy plant, in Niger. Agence Ecofin reports that Dangote, Africa’s leading cement producer, aims to fill the Nigerien cement supply gap amidst an infrastructure boom fuelled by the country’s oil ambitions.
Boral discloses its bad year to June 2019 27 August 2019
Australia: Boral has suffered a decline in full year net profits of 38% to US$184m. This comes following USG-Boral’s statement regarding substantive changes to its gypsum dealings with Knauf.
Dangote and CCNN raise profits 27 August 2019
Nigeria: Dangote Cement’s net first half profits have increased by 5.4% to US$329m from US$312m in 2018. The Cement Company of Northern Nigeria have reported a corresponding increase of 163% to US$40,000 from US$15,000.
Raysut Cement receives US$50.7m 27 August 2019
Oman: Bank Nizwa has granted US$50.7m to Raysut Cement, the country’s largest cement producer, as part of its commitment to national economic diversification.
Athi River cement plant compulsorily acquired from East African Portland Cement Company 27 August 2019
Kenya: The Kenyan government have compulsorily purchased the site of the 0.6Mt/yr Athi River cement plant, which it leased to the East African Portland Cement Company for 945 years in April 1960. The Central Organisation of Trade Unions has complained that the National Social Security Fund, representing workers who held 28% of shares in the plant, was not consulted first. The land will be used for affordable housing, manufacturing and other urban uses.