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Aliko Dangote to head up anti-malaria team

22 August 2022

Nigeria: Aliko Dangote, owner of Dangote Cement and Africa’s richest person, has been appointed by Nigeria’s government to lead a committee tasked to eliminate malaria. The committee will also include Folorunsho Alakija, another Nigerian billionaire, as well as other successful local business owners. Dangote was chosen to lead the committee, which will be comprised of 16 members, due to his previous financial support of various public health measures, including polio vaccination programmes.

The anti-malaria team was brought together to battle the growing cases in Nigeria, which has the highest prevalence of infection worldwide. According to Nigeria’s President Muhammadu Buhari, eliminating malaria could save the country US$1.6bn/yr at present and up to US$4.8bn/yr by 2030.

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Malaria
  • GCW571

Qatar National Cement Company increases profit in first half of 2022

22 August 2022

Qatar: Qatar National Cement Company recorded revenues of US$106m in the first half of 2022, down by 5.7% year-on-year from US$113m in the first half of 2021. Despite this, the producer's net profit underwent an 18% year-on-year increase to US$30.5m from US$25.9m.

Published in Global Cement News
Tagged under
  • Qatar
  • Qatar National Cement Company
  • Results
  • GCW571

Qassim Cement's sales drop as profit more than halves in first half of 2022

22 August 2022

Saudi Arabia: Qassim Cement's sales fell by 30% year-on-year to US$78.4m in the first half of 2022 from US$112m in the first half of 2021. High costs compounded the decline to result in a net profit drop of 73% to US$14.4m from US$53.5m. The fall in profit was less sharp in the second quarter of 2022 than in the first: it fell by 75% year-on-year to US$6.68m in the first quarter of the year and by 71% year-on-year to US$7.71m in the second quarter of the year.

Published in Global Cement News
Tagged under
  • GCW571
  • Saudi Arabia
  • Qassim
  • Results

Shaurashtra Cement publishes results for first quarter of 2023 financial year

22 August 2022

India: Shaurashtra Cement's results for the first quarter of its 2023 financial year have shown a 30% year-on-year increase in the company's revenues to US$26.9m from US$20.6m in the first quarter of the previous financial year. Meanwhile, it recorded a US$128,000 net loss, compared to a US$1.61m profit in the first quarter of the 2022 financial year.

Published in Global Cement News
Tagged under
  • India
  • GCW571
  • Results
  • Shaurashtra Cement

Taiwan Cement's sales grow in first half of 2022

19 August 2022

Taiwan: Taiwan Cement recorded sales of US$1.67bn in the first half of 2022, up by 2.5% year-on-year from US$1.62bn in the first half of 2021. The group's cement segment increased its sales revenues during the half by 8.2% to US$1.42bn from US$1.31bn. Cement thus contributed 86% of revenues during the period. Net income attributable to the company's shareholders during the half totaled US$251m, down by 5.1% US$264m.

Published in Global Cement News
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  • Taiwan Cement Corporation
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