Global Cement
The ultimate filtration fibre for cement plants - Evonik - Leading Beyond Chemistry
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Extend the service life of your kiln with veneering. Expect the best. REFRATECHNIK
Your Particulate and Gaseous pollution abatement partner - Thermax
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Nigerian market continues to drag on Dangote Cement so far in 2017

Nigerian market continues to drag on Dangote Cement so far in 2017

Written by Global Cement staff 20 October 2017
  • Print

Nigeria: Dangote Cement’s domestic cement sales volumes fell by 11.8% year-on-year to 2.8Mt in the third quarter of 2017 compared to 3.1Mt in the same period in 2016. The company has blamed the fall on the country’s economic recession that ended in the second quarter of 2017.

Overall the group’s sales dropped by 10.1% to 16.5Mt in the first nine months of the year for all regions, despite strong growth outside of Nigeria. Despite this, its revenue rose by 36.5% to US$1.67bn from US$1.23bn in both Nigeria and the rest of Africa for the first three months of 2017. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose similarly.

“Dangote Cement has continued to perform strongly in 2017 with revenues up nearly 37%, despite a fall in volumes. In our key operations in Nigeria we have significantly improved our fuel mix and this has helped increase margins across the group. It is especially good for Nigeria because most of the coal we are using is mined in our own country,” said chief executive officer Onne van der Weijde. He added that the cement producer’s other African operations were performing ‘strongly’ with sales growth in Cameroon, Ethiopia and Senegal. It started operations at its 1.5Mt/yr Mfila cement plant in Republic of Congo in late September 2017.

Last modified on 25 October 2017
Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Results
  • GCW325

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • Energy costs in Australia and beyond
  • Jimmy Khan appointed as head of Lafarge Egypt
  • South Valley Cement increases sales and reduces loss in first quarter of 2022
  • Tokyo Cement increases sales in 2022 financial year
  • Hume Cement Industries Berhad increases sales and reduces loss in first nine months of 2022
back to top
“AI
“Loesche
“Airscape
Original Services - We Move the World - Flender
System solutions for the construction materials industry - Schmersal: the DNA of Safety
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« June 2022 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2022 Pro Global Media Ltd. All rights reserved.